PNG LNG will last three decades at least and is lowest cost producer. For same reason, OSH is my major holding.
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However it does not make any sense to me some one sitting on pile of Cash(US$2 Billion) while market is flooded with opportunities.
IOC acquisition is PE Dilutive. Bought IOC and Farmed out, only gain OSH will make is around 300 Million Cash but will lead to 20% Dilution also.
PNG LNG will last three decades at least and is lowest cost...
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