The US giant’s initial US$2.5 billion offer was the subject of a successful appeal by former Interoil chief executive Phil Mulacek in November 2016.
ExxonMobil’s revised offer made public last month was also for US$45 per share but improved the contingent resource payment related to the reserves held in the large Elk-Antelope field, which is seen as providing liquefied natural gas feedstock.
