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We will have to wait and see what happens. It appears to me that total is posturing. Total will NOT sell out of png to Exxon. That notion is ludicrous for so many reasons. All the majors especially Exxon and total have publicly stated their commitment to natural gas in the future and are positioning themselves for this.

I foresee a bid by total. The mention of the third party appraisals is bull and they know it. This leaves them the flexibility to bid or not bid. Just keeping their options open.