The Attempted Grand Theft of IOC

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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.

Good Gawd.  That is flat out wrong.

Pet's quote from the 2nd paragraph"

"I think they only thought they would have to pay for about 7 TCFe.  We had a Gaffney and Cline estimate for about 7 TCFe in about 2012. So I think they both went with that estimate even though GLJ was much higher at that time at about 9.9 TCFe."

What the hell else can Pet mean than what he said here STP? What he said is idiotic.  That's right idiotic.  

let me reiterate:

"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."

And I was being kind.