DISCOVERY @ BOBCAT

[Putncalls]

1/10 * 1/10 * 1/10 * 1/10 * 1/10 = 1/100,000; What are the odds of that happening if the odds are 1/10?
I do see why investors would sell today. That was probably good quality investment decision making.

[2126]

1/10 * 1/10 * 1/10 * 1/10 * 1/10 = 1/100,000; What are the odds of that happening if the odds are 1/10? I do see why investors would sell today. That was probably good quality investment decision making.

Results for Elk = 1/1, results for Antelope = 1/1, Raptor = 1/1, Bobcat = 1/1.

1/1 * 1/1 * 1/1* 1/1 = 1/1.

I'll take the bet. (and have with alot of $).

Patience and trust in the resource.

[jft310]

I am 100 percent with 2126 . Big bet and plan to wait for full monetization .

[Tusker]

1/10 * 1/10 * 1/10 * 1/10 * 1/10 = 1/100,000; What are the odds of that happening if the odds are 1/10? I do see why investors would sell today. That was probably good quality investment decision making.

Results for Elk = 1/1, results for Antelope = 1/1, Raptor = 1/1, Bobcat = 1/1.

1/1 * 1/1 * 1/1* 1/1 = 1/1.

I'll take the bet. (and have with alot of $).

Patience and trust in the resource.

Yes... Resource is the reason for the O&G industry making news in PNG.  It is a frontier area, one of the last onshore, world class exploration arenas available to private industry.  The top 20 energy commerical holders in the world are SOC's  XOM is number 20.

This is basic conventional onshore NG in proximity to the largest market for LNG in the world. Why do you think that XOM went there with such a investment considering all of the obstacles they over came.  Goldman got it right.  COST !!!  Where XOM goes, others will follow.

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[Spartina]

Thanks Tusk, you are the bee's knees... I put a pearl in my martini tonight.

[maui4marko]

Cheers Tusker!

Moui

[Tusker]

           Invitation to All SHU Members for a Virtual Happy Hour

                 

                                                    Please join Tucker and friends this evening 05:30 pm CST for a informal celebratory get together here on this post

Look forward to sharing a MASSIVE time with you all.

Cheers Tucker

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Thank you for those of you attended.  May we all find fortune, be it with with her whisps and wims.

Cheer's for you all.

Tucker

[CAC]

[quote='Tusker' pid='53052' dateline='1418304850']

           Invitation to All SHU Members for a Virtual Happy Hour

                 

                                                    Please join Tucker and friends this evening 05:30 pm CST for a informal celebratory get together here on this post

Look forward to sharing a MASSIVE time with you all.

Cheers Tucker

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*********

So, are we celebrating again this afternoon or was that just yesterday? 

On a more serious note, with a current market cap at 2.34B...and TOT knowing they are likely to pay that much just for their percentage of E/A, what logical reason would there be for TOT not to want to pay double that for all of IOC?  Add a billion or two to that number for the potential outside of E/A.  I truly don't understand how they haven't offered $120 per share for this company.

[ArtM72]

*********

So, are we celebrating again this afternoon or was that just yesterday? 

On a more serious note, with a current market cap at 2.34B...and TOT knowing they are likely to pay that much just for their percentage of E/A, what logical reason would there be for TOT not to want to pay double that for all of IOC?  Add a billion or two to that number for the potential outside of E/A.  I truly don't understand how they haven't offered $120 per share for this company.

It seems there are only two possible answers to that.  First, Total doesn't believe the resource numbers.  Second, Total believes making a bid would only start a bidding war for IOC, a war they might not be prepared to win.

Maybe they are waiting for the arbitration ruling to come down.  Maybe EVERYBODY is waiting for the arbitration ruling to come down, everybody that is except those disinterested because they believe IOC's other prospective limestone reservoirs are filled with mud and not gas " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/dodgy.gif" />

After all, why else would the only information related to well productivity released by the company be a picture of a flare not much bigger than my barbeque grill produces after I forget to watch the chicken?

[CAC]

*********

So, are we celebrating again this afternoon or was that just yesterday? 

On a more serious note, with a current market cap at 2.34B...and TOT knowing they are likely to pay that much just for their percentage of E/A, what logical reason would there be for TOT not to want to pay double that for all of IOC?  Add a billion or two to that number for the potential outside of E/A.  I truly don't understand how they haven't offered $120 per share for this company.

It seems there are only two possible answers to that.  First, Total doesn't believe the resource numbers.  Second, Total believes making a bid would only start a bidding war for IOC, a war they might not be prepared to win.

Maybe they are waiting for the arbitration ruling to come down.  Maybe EVERYBODY is waiting for the arbitration ruling to come down, everybody that is except those disinterested because they believe IOC's other prospective limestone reservoirs are filled with mud and not gas " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/dodgy.gif" />

After all, why else would the only information related to well productivity released by the company be a picture of a flare not much bigger than my barbeque grill produces after I forget to watch the chicken?

******

Hmmm.  You might be on to something with option number one.  TOT paid a healthy chunk up front, but can still avoid the bulk of their payments to IOC if the appraisal wells don't go as IOC expects them to go.  So TOT actually hasn't agreed to pay "billions" yet.   I've been assuming certain things about the E/A discovery (and the money that will flow from it) whereas TOT isn't making those assumptions at this time (for purposes of a buyout) and the market certainly isn't making them for PPS valuation.