06-18-2016, 05:25 AM
(This post was last modified: 06-18-2016, 05:29 AM by will2bgreat.)
Thank you Pet for a great thread/thoughts.
I have always been curious why IOC would sell when they can't put an amount on the gas in E/A. But here is what we do know:
- IOC has stated previously that there is sufficient gas for a 2 train LNG facility.
- TOT stated there is sufficient gas for a 2 train LNG facility.
- Botten has stated they don't know if there is sufficient gas for one large or 2 small train LNG facility. But we also know that Botten had is eyes on IOC back in 2014, so he has a reason to suppress the E/A gas estimate.
- However, we do know that OSH is very interested in acquiring IOC. Why if they do not know how much gas is in E/A.
- Also, GCA can't be used for certification if IOC is sold? And the recertification for Civelli may be cancelled/delayed until A7. If Civelli agrees to this, they have taken him a suitcase full of cash.
Right now my bullshit meter is going off. I am inclined to believe that OSH knows there is more than 7.2Ts in E/A and I am basing my voting decision on IOC having at least 7.2Ts.
As Pet states, IOC has enough to thrive at 10Ts. In my opinion, IOC can survive at 7Ts, which is why I am voting no. This, in my opinion, is legal robbery.
By the way, the threat of TOT canceling the contract is fine by me, let them. IOC can do it all over again. However, if the deal is stopped, it's a given the Hession has to go along with the BOD.