I have a friend in PNG and the local Competition Commission is investigating XOM and the deal. They have served a notice on XOM to provide Docs to them by mid Nov.... The Yukon court has no jurisdiction in PNG the ICCC of Papua may veto the deal
EVEN More alarming is the fact that IOC's Licence was denied in Nov 2015 and without that they cannot legally receive profits.
Does anyone know if IOC board reported this to the NYSE and shareholders.
There are also report there are other legal challenges about to hit this deal and IOC in PNG itself