Gassed, at least I am not paid to run off at the mouth.You are...

Gassed,
at least I am not paid to run off at the mouth.
You are missing the point.ICN has agreed the price formula without knowing what the appraisal,development , and production costs being known.In fact ICN doesnt even know the source of the gas.In other words the price formula is set but none of the costs are known,.....a recipe for disaster.
Shareholders should note that I was a shareholder for many years, I work in the oil industry and I have a very good idea after 20 years in the industry as to how things work.I post here from time to time to try and offset the very uneducated and overly optimistic dreamtime posts.
Posters like gassed lull everybody into a false sense of security, but thats his job I suppose.