Oil Search Valuation & Target Price, page-539

Sircorp made the claim, it's his claim to prove.  

I think his inability to understand how much cash OSH actually has (cash $780m not $1.5B, undrawn facilities $748m, total debt $4084m net debt of $3304m) makes his posts somewhere between misguided and possibly a financial hazard if people take these posts at face value.

Crazy half baked claims like OSH spent $80m on the bid is hilarious but just for sits and giggles I tried to figure out how the number came up...from the Qtrly below.

Other operating costs, including expenses related to the InterOil bid (excluding offsetting break fees and recoveries from Total SA which will be booked in the second half), are expected to be between US$83million and US$88million

While disappointed that our proposed takeover of InterOil will now not proceed, we will receive a US$60million break fee (of which Total is entitled to 20%) if InterOil terminates our Arrangement Agreement which more than covers our costs


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