09-13-2012, 11:39 AM
A company like KOGAS, with a bid in for participation at Elk/Antelope, might find it desirable to get the price of IOC moving up now so that price action on news starts from a higher level. This would make a low ball offer for IOC by another company, like Shell, less attractive. It will be interesting to see if the Japanese partners in the consortium have something to say soon.

