I Voted Today

[ArtM72]

Let me add that while few if any here have any confidence in Hession or the Board we have been provided NO reason why IOC must be sold to ANYONE at this time. Some on this board seem to be losing touch with the apparent fact that, if properly managed, IOC has the financial resources to make it to certification and Papua LNG operation.

Now, in the unlikely event we find out that presentations made by IOC over the past six months with respect to our financial position were misrepresentations of IOC's true finances, then we have a very different situation.

[Libtardius Maximus]

Let me add that while few if any here have any confidence in Hession or the Board we have been provided NO reason why IOC must be sold to ANYONE at this time. Some on this board seem to be losing touch with the apparent fact that, if properly managed, IOC has the financial resources to make it to certification and Papua LNG operation. Now, in the unlikely event we find out that presentations made by IOC over the past six months with respect to our financial position were misrepresentations of IOC's true finances, then we have a very different situation.

Art, It's pretty basic what has happened here. Hession blew the drilling program wasting our cash and put the company out on a limb. Can they make it from here alone? Doubtful imo, too many headwinds the biggest being PNG government and election season. O'Neill is way out on a limb with his OSH deal, underwater by 20%. Total has been taking their sweet time drilling. And then there is OSH which admits they took out IPI post tranny with the long view of buying out IOC. They were able to tack a full year on the drilling program by taking IOC to court. Now they hide the ball with IPI cert, which if they can delay until after A7 the political thing will be over.

All that remains at the moment is the HOPE that XOM is the bidder and is a better deal for shareholders.Perhaps then we can have a bidding war if TOT decides it wants to play instead of paying XOM or whoever the money they can keep for themselves.

[cybersssss]

Re: total and Exxon. I do not think that this is just about money. I think it is about control of the feedstock. If total controls it then they can get better terms from Exxon if they want to join png lng. If they build Papua lng Exxon may not have enough gas for expansion.

If Exxon buys ioc they can direct gas to where they want and have better leverage.

Plus the winner gets the massive exploration acreage.

[ArtM72]

I got notice from Schwab for shares in only one of my accounts and called my broker. For the AGM vote they told me their records showed one of my accounts had already been voted yes on the white ballot. (I would do no such thing). My broker was on vacation then. Not now. I'll report if they loaned or otherwise voted my shares this time without authorization.

I have received all my necessary proxies and found a browser issue and the format of transmission from Schwab was the reason for the mixup.

[bdahl385]

If you vote online and submit your NO vote now, you can always go back and change it up until the deadline of  Jul 25, 2016 11:59 p.m. EDT, Votes can be changed until voting deadline by resubmitting your Vote if circumstances cause you to want to accept the OSH bid. My 650 shares are now in the NO camp. 

I was also wondering if IOC mgmt can solicit "running totals" in real-time from the online proxy company.  I would love to see Dr. Pink Shirt start sweating as the early returns show a 80-90% NO vote.  I think the NO vote camp is more passionate and likely to get their vote in immediately once proxy control number is made available.

Does anyone in the investment business know if the proxy company can share vote tally before deadline???

[MartiniStocks9756]

Can any of you voters answer my simple business question? If you are CEO of Total and XOM has made a 3 billion dollar offer, and you really want the gas in Asia at one of the cheapest locations on earth and for 4.4 billion you should win the game. Not only do you win the game, but you do not have to pay 1.7 billion or so to another company. So the real price is 2.7 billion for an asset that will give you at least 20 billion over 20 years and does not even include the other discoveries and acreage. To me I am scratching my head. OK I tried to get the business steal of the century and XOM won't let me walk away so cheaply. Why would I not just ratchet up the bid and save my self a billion or two and win the prize. I have got to be missing something big here. And that investment is peanuts to these companies. So what am I missing ladies and gentleman? Help me get it. SAGEO you worked for the big boys do you have clarity here.

[Stavros]

Martini: Who says you are missing anything, and who says TOTAL does not have the same views as your good self?

Perhaps they will quickly up the bidding as soon as the XOM Superior Proposal is made public?
How many times can we put "Superior" in front of "Proposal" before the winner is declared?

Mavbe we will see . . . Superior (XOM) Superior(TOTAL) Superior (XOM) Superior(TOTAL) Superior(XOM) Proposal (OSH), with XOM as the final WINNER

[MartiniStocks9756]

I like your maybe and wishing we get there and observe a true battle for the IOC prize. But no matter what happens, I think Hession deserves the worst CEO award for putting us in a precarious financial situation. If he had only blundered once maybe but he made many multi million dollar errors and actually cost shareholders around 2.5 billion in PPS value. Voting no on his behalf is well deserved.

[Putncalls]

It sure would cost a lot less if MH would just sell his soul.

[kommonsents]

It sure would cost a lot less if MH would just sell his soul.

He already did that, Puts.