07-21-2016, 02:20 AM
'cybersssss' pid='74408' datel Wrote:Also I am not expecting a bid from Total tonight...Only Oil Search's position. If OSH pulls out, Total can still bid prior to the Exxon Vote.
It is to Total's benefit to let OSH pull out. Total will then collect 20% of the $60 million IOC break fee ($12 million) and be free to submit its own bid over the next few weeks.