TOT CEO Says...

[Tree]

TOT is in negotiations with undisclosed party to sell 5% of their 37.5% stake in the E/A LNG Project.  

Woodside anyone??

That leaves 10% more to peddle to aggregate 15% SD.

[jft310]

Oil search is mentioned by AFR and Botten as having a possible
Intetest . Number in the AFR articles is $2 billion
Not sure what to make of that size number

[Tree]

Santos mentioned in print as well.
Also mentioned TOT may be adverse to closing until this 5% is agreed to.

[Libtardius Maximus]

Allow me to be the first to predict this one by changing my avatar

[Tusker]

Allow me to be the first to predict this one by changing my avatar

OMG... I saw that one this morning.  The POS equation used to be one in hand, two in the bush.  This one showed up on the bird feeder.

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[jft310]

Thinking of a 10 percent buyin. Maybe Oil Search. The $2 billion equity raise mentioned in print by AFR by OSH might include their 10 percent interest in the new Gulf LNG project expected 2 train plant to cost $13.5 Bilion so $1.35 Billion could be for the LNG build $650 million paid to the seller. Or Total could get back it's upfront money to Interoil .One way to look at it.
These are crystal ball views.

[jft310]

The most exciting thing to me is the 110 percent push by Duma to get all this done quickly.