Press Release

[TxPm]

It looks like the approval is beginning to hit the wires. This appears to be an official press release from IOC & if it is IOC doesn't seem at all surprised or concerned about the 50/50 split and is sticking by the "In-Kind" Statement and on commercial terms to be negotiated with the state. It appears we will have to wait for more details

http://finance.yahoo.com/news/png-cabine...00672.html

[Petro2458]

Great stuff...Excellent milestone. Again-IOC is delivering on promises. Key point is IOC is being treated fairly by the state.

[Palm]

Agree Petro; and PNG is not dumb enough to try and screw a developer when the country is in such sorry shape. They are looking for partners and they see one in IOC.

[Tree]

It looks like the approval is beginning to hit the wires. This appears to be an official press release from IOC & if it is IOC doesn't seem at all surprised or concerned about the 50/50 split and is sticking by the "In-Kind" Statement and on commercial terms to be negotiated with the state. It appears we will have to wait for more details

http://finance.yahoo.com/news/png-cabine...00672.html

Thx PM,

Why should IOC be surprised or concerned?  Only those that  prefer being wrong, make the assumption that IOC is being strong-armed by PNG, IOC should be surprised by a Gov't PR they helped write or the best, management tried hiding facts of their PA just hours prior to when they knew  the PR was released.

[Hoosier1]

Nice... IOC got out in front of the "spin" with this release...
h1