back in July 2009 STO paid 66c/GJ for its 35% stake = 455PJ
as of the last 3P of 2797PJ the metric is now based on 979PJ
$300M/979PJ = 31c/GJ - a familiar trend which makes the accountants happy - a good investment
STO can just wait to see if any challengers arise. The AOE capitulation must give them heart. Though the catalyst for the Shell action seems to have been the AOE - LNG deal
So our DC needs to turn some MOUs and HOA into something concrete or do something extraordinary - a strategy to force STO to act
Anticipation Fatigue is setting in
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