Bidding War in the neighborhood

[Movieguy]

Management has stated before that when any deals are done and announced the "unbundled" deal will be "bundled" to an equivalent /mcf price. So to take bits and pieces of what is being "heard" and try and "bundle" them at this point is pretty futile. Too many unknowns.

Are you saying that IOC management has stated that when the deal is announced THEY will state an equivalent $/mcf price, or are you saying that analysts/journalists will be able to take the information, make their own financial assumptions, and then compute what they believe to be a proper $/mcf price?  I think the former has much more authority and I would welcome that greatly, but I had thought the situation was expected to be more the latter.

[Palm]

Management has stated before that when any deals are done and announced the "unbundled" deal will be "bundled" to an equivalent /mcf price. So to take bits and pieces of what is being "heard" and try and "bundle" them at this point is pretty futile. Too many unknowns.

Are you saying that IOC management has stated that when the deal is announced THEY will state an equivalent $/mcf price, or are you saying that analysts/journalists will be able to take the information, make their own financial assumptions, and then compute what they believe to be a proper $/mcf price?  I think the former has much more authority and I would welcome that greatly, but I had thought the situation was expected to be more the latter.

Back around the time of the exclusivity announcement and AGM the question was asked of management whether (due to the many parts an offer is likely to have) there would be a /mcf "bundling" done by them as part of a comprehensive PR when any deal(s) are announced.  At that time the answer was "yes".  I would guess that is also something that Exxon or whomever would want to approve, so we'll have to see what happens.  Analysts will no doubt do some sort of bundling, but I agree; one done by management who knows all of the details would be better, and at the time of the PR.

[jft310]

Three investment banks will explain the deal in book form.Per IOC mgt