Few Facts ->
1) Lowest cost/mmbtu & profitable operation
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2) US$960 Million Cash in Bank
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3) Inter Oil Acquisition is US$760 Million( plus minus 100 million) Net Positive
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4) PNG Government is 9.8% Stake Holder. They bought at $8.20/Share. PNG Government will do everything possible their investment is protected and positive in medium and longer term.
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Transactions with stake risen from 22.83% to 29% in Papua LNG Project.
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My Assessment is Oil Search is Best Oil/Gas Investment at this stage.
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Those who invested in WPL, Santos, Origin few years back, ask them what happened to their wealth. Most lost more than 60%, some even 70%.
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Yes Top Management is mostly about "Self Greed" but there is no other alternative. They all are same, Question comes who is least greedy.
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