Oil Search Sell Down

[TxPm]

Just in Oil Search sold half of their stake in the gulf of Papua to Total. Press release doesn't give in pricing info that I see so far.

http://www.oilsearch.com/Media/docs/1210...892b-0.pdf

[Palm]

The majors are coming to town. Wait a minute, I thought Shell was the big cheese! But I see Shell is working with Petromin on the east islands offshore prospects. That'll make them happy.

Think Total qualifies as an approved operator? I think so.

[TxPm]

I thought IOC was overstating their resources & PNG was to unstable for any SM to do business in

[Tree]

Just in Oil Search sold half of their stake in the gulf of Papua to Total. Press release doesn't give in pricing info that I see so far.

http://www.oilsearch.com/Media/docs/1210...892b-0.pdf

Further de-risking of PNG.  Let's see, XOM, Shell, Total all seeking 30-50 yrs. of revenues in investment worthy iittle ole PNG.  Wonder which SM IOC will add to the list of who's who of SMs and NOCs to the neighborhood??

[Palm]

Mitsui, JAPEX and KOGAS also say they'd like to add their names. They're in the bak row waving their hands like Tree in Mr Travaris' chemistry class. Certain..........

[jft310]

Farm In Agreement. For exploration and appraisal

[petrengr1]

Just in Oil Search sold half of their stake in the gulf of Papua to Total. Press release doesn't give in pricing info that I see so far.

http://www.oilsearch.com/Media/docs/1210...892b-0.pdf

This is for both offshore and onshore. They have all of the license areas around IOC's PPL 237  and PPL238. It includes a few blocks inside our license areas i.e. our license area surrounds some of their blocks.

[freddiekingman]

Just in Oil Search sold half of their stake in the gulf of Papua to Total. Press release doesn't give in pricing info that I see so far.

http://www.oilsearch.com/Media/docs/1210...892b-0.pdf

so TOTAL is all around us...hmmmmm...

[sltibbs]

When I saw the the second to last slide with Total/Oil Search having IOC surrounded, and at times even infiltrated, I had to laugh.

Best,
Sam

[Bincbanker]

Just in Oil Search sold half of their stake in the gulf of Papua to Total. Press release doesn't give in pricing info that I see so far.

http://www.oilsearch.com/Media/docs/1210...892b-0.pdf

I knew it !!!!!!  Total (perhaps in combo with GDF/SUEZ)  also a Buyout candidate for IOC !

Total  despite being vey interested in IOC did not sign a NDA with IOC , strange because they are mega buyers in the gas arena and an ideal Asian player

BTW like RDS they need the Gas

I see Total buying up alot more fields

Thank you good news