07-20-2016, 12:22 AM
Kaliboo - Of course, a Total acquisition of IOC might leave XOM with a single plant, unable to expand due to a lack of feedstock. Your question about taking shares "in kind" is interesting. That would likely allow OSH to meet its obligations to feed PNG LNG from E/A with its share of PRL 15. Either way the winner of IOC has a much brighter future in PNG.
Quite some time ago this Board considered such a situation. It was concluded by some that all were best served by an independent IOC. Maybe that conclusion still holds true.
Quite some time ago this Board considered such a situation. It was concluded by some that all were best served by an independent IOC. Maybe that conclusion still holds true.