a fable uncle remus mother told him long ago, page-3

Maverick,

Ok, here goes...

Holy thinks Arrow is going to be all over without a battle. With BG having a large offtake agreement with one Chinese national oil company, this is likely to prohibit them from bidding against Shell/PetroChina.

However, a looming battle is brewing for the unattached ESG. Strong interest from the Chinese, Shell, Petronas, BG, and Santos of course. In fact, rather than Arrow being uncontested (and a low metric), this is good news for ESG, because it means more big players will bid for them.

And, in terms of timing of a move on ESG, it is VERY close. ESG know this (hence all of their comments of late, which seem to be tempting Santos to make a move - my comment).


He goes on about Over In Palestine (OIP) quite a bit, as a place where key ESG players will move to after ESG is taken over. Orion (OIP), after the failed attempt to merge GGX, has still got a lot of value in its CSG leases, despite what some parties may have claimed.


I think we should all be grateful Holy is back on the thread. And good to see he has no ill-feelings towards those who dispossessed the ex-Over In Palestine folks. No axes to grind there Holy. :)

Y