Has everyone forgotten that IOC is doing a road show at the moment ? Hession has been talking to many organizations.This information is in the public domain. Not just that one individual . Sorry some of you were not given a special invitation. Tiresome, just tiresome.
No one really knows. I have made a lot of money with this stock. I have long ago ignored the stock price in relationship to the news. Price SHOULD have been north of $100.00 in 2013. There are a lot more Ts than people think. Shell,XOM,TOT and others think in terms of 20 years in advance. What's easier, look for product and hope you find it or buy it ?JMHO
OIL Search managing director Peter Botten says Papua New Guinea offers the oil and gas company opportunities for acquisitions.
Speaking during the company’s 2015 half year presentation on Tuesday, Botten said the company had the ability to acquire assets with more focus in the country, however it would only be dependent on the pricing.
“We certainly in this market are very disciplined about where we spend our money,” Botten said.
“We do have an ability to look at acquisitions and if those acquisitions would fit our core strategic goals.
“We remain interested but our interest is on the right pricing.
“Clearly our assets in PNG are where we would like to look at optimizing.
“We have applied for a number of exploration licences for the last 12 to 18 months and we think there is a lot of running room, especially in oil and gas in PNG.
“Our future lies there and that’s where we will be looking.”