Woodside's growth dilemma as it pulls Oil Search pin

[Putncalls]

At the CC one of the officers said "when, oops, if we drill Antelope 7"

[jft310]

Your statement Gator was 2-3 more wells required which you conveniently skipped above .
Fact we have 1 more required well today . Ant 7 has not been approved its being discussed .
So your statement 2-3 more wells is well . Distortions from reality .

[Getitrt2]

Given that Woodside and OSH are certainly strongly investigating a buyout of IOC, would it perhaps be better than waiting for an offer, IOC should publicly offer itself up for sale? The initial bid from any company is likely to be low-ball, yet it will initially control expectations. Eventually other more appropriate offers may come in, but it may be an uphill slog to get the purchase price to acceptable levels. By taking the initiative, IOC can set price expectations with an optimistic, but not completely unrealistic, price. It would make any forthcoming low-ball bids look ridiculous, and likely keep bids at a higher level in general. If no appropriate bids come in, IOC can just continue its march to certification, where it will be in a much stronger position.

NO, I do not think IOC should put itself up for sale.  I do not think they have nearly enough information at this point prior to E/A certification, and I think it would be perceived as a sign of weakness and actually result in lower bids, especially in this oil and gas price environment.  I also do not believe that management sees a buyout as the best way to maximize long-term value for shareholders, and agree with that, especially now.

[Getitrt2]

Interoil openned tbe TBR data room in the last few weeks to interested bidders . We shall see.

Where is the Press Release?

i would say not needed or required.  I feel sure they do not see that as a material item or inside information and that regulators would agree.  That kind of activity would be part of their declared strategy, and, besides, thay have already disclosed having discussions with various parties about possible deals on TBR, which would indicate disclosure of relevant information to those parties, probably with confidentiality agreements.

We are just not going to get that kind of detailed blow-by-blow information.  Furthermore, many people would consider that kind of PR issuance promotional, or "pumping".

That responds to you, also, Martini.