4.4 billion

[Martinistocks]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

[kommonsents]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

Correct, including SHU and a the perpetual pumpers.

IOC has been a stock "in play for many years".

The pumping from the major pumpers, the cheerleaders, the Pied Pipers, has ranged from over $400/pps to now, only a bit over $40~/pps.  The pumpers have absolutely no shame or integrity.

Time to put this puppy to bed.

However, I do not intend to just roll over.  I vote not on the deal and will join with those that want to fight management and BOD on issues of integrity and responsible management.  They are, after all, professionals with a fiduciary responsibility to shareholders.

[Kaliboo]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

This is the mystery that has haunted this stock.  It defies rational thinking.  OSH gets a large percent of payments due to us for assets that are already owned by Total.  They should not get any of that.  They get IOC for free.  Why wouldn't other companies jump in?  Maybe they will but who?  The fact it has not already happened suggests something very corrupt perhaps driven by PNG.  What else would explain the lack of better bids on a give away theft deal?

[hirosan]

Do we have any rights to demand they publish details of the other Offers?

[steve3752]

Do we have any rights to demand they publish details of the other Offers?

Yes. In a lawsuit for breach of fiduciary duty they would have to disclose it in discovery.

[Libtardius Maximus]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

Fear not Martini. The best thing we can do is push back on this craptastic deal and those that expect us to just roll over. For those attending the AGM, be sure to bring the nasty. Looking at you ArtM72.

[katytrader]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

This is the mystery that has haunted this stock.  It defies rational thinking.  OSH gets a large percent of payments due to us for assets that are already owned by Total.  They should not get any of that.  They get IOC for free.  Why wouldn't other companies jump in?  Maybe they will but who?  The fact it has not already happened suggests something very corrupt perhaps driven by PNG.  What else would explain the lack of better bids on a give away theft deal?

  I can't explain the lack of better bids, but I think they are saying that IOC shareholders are getting a chunk of OSH in exchange, even if the CVRs are worthless.  If one presses them on this point, I think they will simply defer to Botten to explain what the benefits of shareholdings in OSH are.   I guess we had better read more of OSHs' old presentations beyond the Papua slide.

[ArtM72]

OSH has found barely enough gas for two trains. Other than maybe their office what infrastructure can be shared that wouldn't have been shared in a IOC/OSH/TOTAL JV? Did Hession already dump the seismic and modeling groups?

[petrengr1]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

If Exxon does not make an offer to buy IOC their management is as bad as ours.

They could offer us $4.4 billion ($88/share) and then all of the benefits of IOC's SPA with Total would acrue to them. They would get the interim resource payment, the FID payment, the first cargo payment and they would have the option for the second resource payment after production has commenced.

Since Total would be paying for about half of their cost (depending on resource size) Exxon would be getting IOC for about $44/share and they would get all of our licenses, Triceratops, Raptor and Bob Cat for free.

[Libtardius Maximus]

$85 per share and $4.4 billion would have  most agreeing for an Exxon or other to come in and take the whole enchilada away from OSH and TOT.  That would be an exchange of stock and/or  cash.  Would pay the fee that OSH and IOC negotiated for a break up.  Why would a major not want the 16+ TCF.  Feeds PNG LNG for the third train, creates parts they can sell off for a nice profit and could keep the government happy as well.

Sadly my only other experience with a takeover and pineing away for the rescuer company to raise the bid never materialized.  So we got the OSH deal (in retrospect) and walked away very unhappy.  So we can dream about those hero companies coming to save us.  I hope it happens but have my doubts.  Too many experts  saying it is a good deal and it seems as though the collusion was well planned and put into motion..  Seriously, we either have way over inflated expectations or we have been led by the nose to belive this through the prognostications of previous and current management.  Just cannot trust anyone.

If Exxon does not make an offer to buy IOC their management is as bad as ours.

They could offer us $4.4 billion ($88/share) and then all of the benefits of IOC's SPA with Total would acrue to them. They would get the interim resource payment, the FID payment, the first cargo payment and they would have the option for the second resource payment after production has commenced.

Since Total would be paying for about half of their cost (depending on resource size) Exxon would be getting IOC for about $44/share and they would get all of our licenses, Triceratops, Raptor and Bob Cat for free.

Pet has finally weighed in. Could it be that Hession took the OSH deal to bait XOM? We can guess that OSH has a wink wink going on with XOM and that could be accurate. But for IOC shareholders to win this is what has to happen.