06-18-2016, 01:53 AM
Simplistic to assert TOT/OSH bought into PRL15 initially based upon GCA and GLJ #s. They based their decision to plunk hundreds of millions down on their own internal evaluations.
The Attempted Grand Theft of IOC
Pet doesn't argue this. What he does argue is that whatever number TOT and OSH had in mind when they entered PRL15, they're now frightened because they realize the numbers are going to be substantially bigger and they're both liable for big payouts to IOC and Civelli, respectively.
The whole OSH takeover of IOC and the MoU with TOT to divide the spoils is a way to cut that down.
At our expense.