Bytee The tax regime argument was given to me too . But when I...

Bytee
The tax regime argument was given to me too . But when I suggested that a fair chunk of oil reserves we are buying are Maari,( which was sighted as the attractive fiscal regime along with PNG) and it's production trickles out and thus the NPV value of any margin would be decimated, he didn't have a come back. Compare Beibu Reserves and production to maari which is supossedly 4.5 times as big but produces as a fraction and needs development drilling to maintain that fraction. the problem for them that I knew the Maari field and production well from my days as a CUE shareholder

aj23, I have been around Roc for years and have been one of the most consistently bullish posters so don't call me a whinger , having appeared out of nowhere
BTW - if you want real answers ( re divi ) and not spin you have to ask very clear questions
I asked how would it be possible to pay a divi given the huge Malaysian commitment and Bohai drilling ( which would not come of of Rocs cash ) the answer was that he couldn't see a divi being paid out to at least 2016

also, I don't love it when someone is talking down the Malaysian JV ( when it suits them ) when 2 months early, they were hosting a CC for analysts saying how great it was.

They are spinning it to justify the merger. If you want to lap up the HZNs line's , knock yourself out, I on the other hand am very used to pressing MDs CFOs and the like when I get fluff as answers