merger of equals, page-9

Looking ahead - crystal ball gazing, looking through the crimson mist/rage........should this all come to pass - the best move for Mergeco IMO would be to leverage ROC's good relationship with Petronas into the potential PNG western province LNG project. Mergeco should somehow get itself into Pandora field (should have been there already), aggregate some of the smaller players (KPL, CMT etc), and then bring in Petronas to takeover the project as the next one in its stable - they build LNG projects (GLNG).

First port of call should be to take out CMT (25-40% interest in Pandora) for a juicy premium (yes I hold)