OSH 0.92% $3.79 oil search limited

News: OSH UPDATE 1-InterOil gets unsolicited takeover offer from unnamed bidder, page-6

  1. 8,355 Posts.
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    Un Soliciated Offer -> Most likely from BHP & Exxon Mobil Jointly. BHP may be looking for 13% stake to replace Santos in next phase of PLNG.
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    However, unsolicited offer means nothing. Market is flooded everyday with such rumors, Santos had, AWE had, WPL had(When it made for OSH), list goes on. Rarely, unsolicited offer ever gets materialized.
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    TotalSA & OSH are partners in OIC largest gas fields. Who ever overbid OSH and TotalSA offer will have take OSH and TotalSA into confidence. Without their interest & consent taken into consideration, IOC cant make deal with anybody.
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    .. Remember TotalSA and OSH are only operators on the ground in PNG, not IOC.
 
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