Posts: 615
Threads: 20
Joined: Jun 2012
Reputation:
122
From what Laurie Brown said at the Petroleum and Mining Conference, their preferred strategy will be to appraise the finds, monetize them (by some sort of selldown?) and move on to the next exploration target. The new seismic program described at the conference supports that strategy by targeting the structures down the coast between Antelope and Wahoo. Raptor, Bobcat, and Triceratops won't be the last of the discoveries.
Posts: 485
Threads: 45
Joined: Mar 2013
Reputation:
57
From ArtM72: There is logic to IOC now being down 2.5 on a day with over twice the daily volume and almost everything else I own is green. I don't know the logic, but am certain it involves very, very large numbers.
Art, I think you get to the crux of the matter. These discoveries ARE good news, perhaps great news. Yet the price continually goes down. Something is clearly not right. The question for IOC shareholders is can things be made right in a reasonable amount of time for us to get the meaningful gains that we long for and thing we deserve. I agree with CAC that a buyout seems to be the only way. Perhaps at some point management will seek one.
Posts: 2,904
Threads: 58
Joined: Mar 2012
Reputation:
259
Tusker -
Hope you enjoyed the wine. Sorry I'm late to the party. I wonder how many people on this board today feel like Alice.
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
Interesting comment Tucker . See slide 15 on the Dec 3 rd presentation slides .
Picture on the left shows a hand with mud from those pumps . What's it mean to the Pet Engineers ??
Why choose this picture for the slides ?. What's the message .
