easy for mm's and hacks to do that (in my view Ed) with days of low volume..When volume eventually spikes to a more sustained higher level(it will), their ability to jockey the pps and collect weekly and monthly option premiums will be put to the test.
90 days expected to drill, log, and test.....Mark your calendars with this being March 5th..Looking forward to core samples and June 5th expected completion date or thereabouts...
read another posting saying Hession stated IOC would retain 30%..Hope that is true, but still not sure where the other percentage discrepancy comes from..Maybe my math is failing ..Can get confusing at times..
I s "material" the same 30% with IOC as prior is my question...Seems there may be about 3% discrepancy by my math of percentages I've read in total to the entire PRL 15 area..Where or who is that coming from ? Of course shorts need not reply..We understand zero intellectual honesty exists with you hacks.
I'm sure Bonk and friends will do all they can to pull a rabbit out of a hat ..Where none exists of course, but just remember those gas flares coming from those world class wells were some sort of David Copperfield trick..Any chance Bonk has an act in Vegas ? Maybe he is one of those dudes passing out girlie cards on the sidewalk?
that's what I feel is by far the best result of this deal.....It accelerates beginning cash flow coming to IOC by YEARS ! It sold off with the prior deal not being with EXXON for that very reason (in some respect) and the delay of cash flow and when it would start.
149 million X 8.20 = 1.2 Billion plus a tad by my math..The it is state about 900 million "buy in".Where does the extra 300 million go? Though fees involved in raising money, they're not that kind of change !
as VS has at least another moniker besides Bonk(if it is him and having been caught red handed slipping up weeks back)) we definitely know he is not always on the straight and honest path..Deception definitely in his mix character wise..
maybe severe bipolar issues...To proclaim being a big long and spewing anything negative he can possibly contemplate just doesn't make sense..Especially when he spews negatives far more often than anything positive..His wife(should he have one) just must love how cheery he is each morning..A breath of sunshine !
without reading Bonk and anything that sewage has to say in other posting, I'm certain the time needed to get "all ducks in order"/two days is required to avoid the sewage such as Bonk or other hacks may spew in attempts to negatively spin the release....Ignore that dude,, and by the way Bonk, I see your Cisco having issues and needs to raise big money today..That be your number one I recall...LOL ! &
Have you seen Radian of late?..Up four fold baby from that recommendation back when..hah !
I suspect that allows time for signing of simultaneous deal(s) and their subsequent ability to be announced at one time...Nobody wants any 'spin" placed on whatever is coming down as happened with IOC's botched Total announcement..That's my guess, but maybe others have ideas that are plausible.