PORT MORESBY, Papua New Guinea and HOUSTON, Oct. 1, 2012 /CNW/ - InterOil Corporation (IOC:$77.26,00$-0.69,00-0.89%) , today announced that it has posted presentations provided at its analyst and investor trip to Papua New Guinea on September 29th on its website at www.interoil.com

Thanks Sam, I would have missed that..

["My understanding is that the seismics on Triceratops indicate a lower carbonate base and potentially a much bigger structure than previously contemplated, and this is reflected in the new slides. Probably the most significant revelation on the prospectivity on InterOil's acreage begins on page 16 on in the upstream presentation, and it describes the basis for a major extension of the reefal carbonate trend and for the invalidation of old palaogeographic models. The person with whom I spoke has extensive experience in the petroleum industry and was astonished by the acreage potential in InterOil's PPLs. He thinks that there is potential for multiple additional multi-tcf discoveries and that the majors have started to grasp the magnitude of the potential.

Based on the attendee's assessment, with the NEC approval and sell-down catalysts imminent, not only will Elk and Antelope be revalued, but also Triceratops and the remaining acreage will be significantly revalued. It's also clear to him that the government wants FID to happen as soon as possible and certainly this year, but a sell-down will conclude much sooner."]

I'll leave it for the specialists to evaluate the triceratops comments, which, if true, seem to hold very bullish implications.

For some time, I've been in favor of perhaps making a few concessions on the E/A selldown, or perhaps sell a bigger stake (even all of it, if necessary) in it in order to drill all these prospects, on which the odds for other significant finds seemed particularly favorable. While optimisim about the E/A selldown is increasing as well, so significant concessions might not be necessary, but the prospects elsewhere in their licence area seem to be getting more interesting by the day..

Reefs usually don't come in isolated single appearances..

Well, thanks Spartina, then

It will be interesting to see what the specialists have to say about the new presentations