Recap of Last 60 days

[2126]

Recap of last 60 days:
June 9: Saxon Palmer  appointed as IOC’s Senior Vice President, Exploration
June 10: IOC Spuds Wahoo with IOC Rig 3
June 15: IOC Spuds Triceratops 3 with High Arctic 115
July 2: PRL 15 JV selects sites for Central Processing Facility (Gulf Province near Purari River)
    and LNG Plant (in Caution Bay near Port Moresby)
July 21: PRL 15 JV selects all key advisors [Credit Agricole (Financial Advisor), Milbank (International Legal Counsel), Allens (PNG Legal Counsel) and PwC (Tax Advisor)]
August 1: Total assumes Operatorship of PRL 15 JV

IOC Stock Price on June 1: 47.88
IOC Stock Price on July 31: 42.78 (Down 10.6%)

TOTAL Stock Price on June 1: 50.38
TOTAL Stock Price on July 31: 49.29 (Down 2.1%)

OSH Stock Price on June 1: 7.71
OSH Stock Price on July 31: 7.47 (Down 3.1%)

[Thylacine-2]

The discrepancy in price drop the last 60 days between IOC and the JV partners is likely due to Chandler selling out. As long as Tusker doesn't sell out the next 60 days we should be OK.

[Putncalls]

Who is Saxon Palmer? Did Kirk lose his ship?

[jft310]

Rig count up today , oil prices down . End of month today and Friday option expiration .
Cohen bought Sept 50 calls near this price today and 3,000,000 shares .
Chandler sales have a bearing yes .
Mr Market thinks we are an oil stock huh?????, hello !!our short term value is dependent on how much gas we certify !! Drilling results indicate a higher payment to come .
My Friday musings !!!