06-22-2016, 10:40 PM
as Dr. Libor Plus 6 so famously like to say, Let me remind you...
The Total-PNG relationship is at least 5 years old as I recall so that is not new or any sort of news.
What is news here is Total bailing out the PNG governments 10% stake in OSH (which is underwater by 20%) and spinning it as 13k jobs in an election year at the expense of IOC shareholders and buying off Dr. LP6 for 50M and a possibly board seat at OSH.
The Total-PNG relationship is at least 5 years old as I recall so that is not new or any sort of news.
What is news here is Total bailing out the PNG governments 10% stake in OSH (which is underwater by 20%) and spinning it as 13k jobs in an election year at the expense of IOC shareholders and buying off Dr. LP6 for 50M and a possibly board seat at OSH.