For Clarity - - - Copy of Final IOC/TOTAL SPA

[Stavros]

To avoid any confusion ... which was pointed out to me in a PM by another poster:

There was an "Original SPA" between IOC/TOTAL covering the Transformational Deal that was signed on 6 December 2013.

The "Original SPA" was replaced by a "Final SPA" after OSH acquired the shares from IPI. It was signed on 26 March 2014.

A copy of the "Final SPA" is attached.

[Tusker]

To avoid any confusion ... which was pointed out to me in a PM by another poster:

There was an "Original SPA" between IOC/TOTAL covering the Transformational Deal that was signed on 6 December 2013.

The "Original SPA" was replaced by a "Final SPA" after OSH acquired the shares from IPI. It was signed on 26 March 2014.

A copy of the "Final SPA" is attached.

Curious, do you recall any mention of a disagreement over the Joint Exploration Well on or about 30th September 2014.

In regards to Section 6.5 Subsection (a)

Did Total act reasonably ?

[Stavros]

GREAT QUESTION TUSKER >>>

Why were the T&C's of the SPA violated by TOTAL .... and Accepted by IOC??

6.5 Exploration of PRL 15 outside the Elk and Antelope Fields

(a) The parties acknowledge that one (I) exploration well will be drilled within the PRL 15 Area but outside the PRL 15 Fields in 2015 ("Carried Exploration Well"). Promptly following execution of this Agreement, the parties shall seek to agree the objective, location and timing of the Carried Exploration Well, provided that if the parties fail to reach agreement prior to 30 September 2014, the Buyer shall nominate the objective, location and timing of such well.

(b) Each party shall take all and shall procure its Subsidiaries shall take all necessary action under this Agreement and the PRL 15 JOA and vote in favour of and implement the drilling of the Carried Exploration Well as agreed or nominated under clause 6.5(a).

© Each party shall use its reasonable endeavours to procure that any other person holding an interest in the PRL 15 Title shall vote in favour of and implement the drilling of the Carried Exploration Well as agreed or nominated under clause 6.5(a), provided that if any other person holding an interest in the PRL 15 Title votes against the proposal to drill the Carried Exploration Well as agreed or nominated under clause 6.5(a), the parties shall propose and conduct such drilling as an Exclusive Operation under the PRL 15 JOA.