spudding?  Look for an announcement anyday (ELK)

'johnwgrant' pid='20098' datel Wrote:I don't think they will be spudding ELK until the partner is selected. So, InterOil is going to sit tight until their partner is selected. Then, in conjuction with their partner, they will plan their drilling/exploration plan.

That is probably the case, although the company itself has created expectations here, so I don't think asking the question isn't legit.

'jft310' pid='20111' datel Wrote:The company is doing a sell down with a partner who will be the Senior partner so IOC is ceeding control to this new partner. Its up to this new chosen partner to decide which well to drill when. The type of monetization strategy chosen will determine which well to drill next and when and who does the drilling. Maybe IOC needs the cash to pay the lawyers so they complete the sell down???.We do not have the vision to see all the events and whinning about Elk misses the target. That target is a sell down for a large upfront payment with a Super Major to build an LNG plant that monetizes the assets. Please look at the BIG picture and understand not all these things are under IOC's control and that others needed to clean up their act like the PNG govt and Petromin before things can go forward. Today we can go forward. To me it would be fascinating to track who has aggressive strike price options and their feeling about timing. What's the correlation??. I would guess very close.

All very well, and perfectly understandable and reasonable. Except for the fact that the company itself created expectations for an Elk spud. They could should have said something of the above, but I guess nobody's perfect..

Admin- Its not the perfect thing its this and its quite simple. IOC is a very small company and they are very few in Senior Management to do these deals and they are stretched thin at best. Since they have Confidentiality Agreements in place if they announced a delay at Elk well wouldn't you want to know why?? They can't tell us legally the why!!! And its not to say Elk's spud isn't soon. Most senior investors want them to spend their time doing a Grand deal with a Super Major to monetize what they have vs what they may find at Elk??Hint 8 T's of NG is enough. They don't have time to hold your hand . In this new arrangement with the new partner the partner might be agreeing to pay part of Elk's drilling costs?? So you would prefer IOC to pay for this entire well drill as an IOC investor or to spread the costs out with the new partner??? The point is they have good reasons for not drilling ELK and they are hidden behind the Confidentiality Agreements. What you want is that blanket of secrets to drop and the Confidentiality Agreements to expire with the new deal. Sitting here argueing about minutae is just a waste. Let em get the deals to ya please.

'jft310' pid='20115' datel Wrote:

Admin- Its not the perfect thing its this and its quite simple. IOC is a very small company and they are very few in Senior Management to do these deals and they are stretched thin at best. Since they have Confidentiality Agreements in place if they announced a delay at Elk well wouldn't you want to know why?? They can't tell us legally the why!!! And its not to say Elk's spud isn't soon. Most senior investors want them to spend their time doing a Grand deal with a Super Major to monetize what they have vs what they may find at Elk??Hint 8 T's of NG is enough. They don't have time to hold your hand . In this new arrangement with the new partner the partner might be agreeing to pay part of Elk's drilling costs?? So you would prefer IOC to pay for this entire well drill as an IOC investor or to spread the costs out with the new partner??? The point is they have good reasons for not drilling ELK and they are hidden behind the Confidentiality Agreements. What you want is that blanket of secrets to drop and the Confidentiality Agreements to expire with the new deal. Sitting here argueing about minutae is just a waste. Let em get the deals to ya please.

JFT, they produced a forward plan, containing plans to spud Elk3. I'll have to look up the exact wording of that, but from memory there was a whiff of imminency about it (something like 'after completion of Ant3'. Now, I understand that these plans could very well depend on the selection of the partner, for various reasons, and that they cannot disclose any of these reasons. What I don't understand is why they could not have told us that the execution of the forward plan would, or could, depend on the partner selection. But perhaps that's just me. I'm not even 100% sure that they didn't, but that's just me also

'jft310' pid='20115' datel Wrote:

Admin- Its not the perfect thing its this and its quite simple. IOC is a very small company and they are very few in Senior Management to do these deals and they are stretched thin at best. Since they have Confidentiality Agreements in place if they announced a delay at Elk well wouldn't you want to know why?? They can't tell us legally the why!!! And its not to say Elk's spud isn't soon. Most senior investors want them to spend their time doing a Grand deal with a Super Major to monetize what they have vs what they may find at Elk??Hint 8 T's of NG is enough. They don't have time to hold your hand . In this new arrangement with the new partner the partner might be agreeing to pay part of Elk's drilling costs?? So you would prefer IOC to pay for this entire well drill as an IOC investor or to spread the costs out with the new partner??? The point is they have good reasons for not drilling ELK and they are hidden behind the Confidentiality Agreements. What you want is that blanket of secrets to drop and the Confidentiality Agreements to expire with the new deal. Sitting here argueing about minutae is just a waste. Let em get the deals to ya please.

It is about confidence, you say what you mean and mean what you say.  Can a company do that without losing flexibility, that is the question.  My family money dipped into negative territory for the 6th time in 3 years. I attribute some of that to management saying things and not following thru.  We will pick a partner, oh no we won't. We are getting ready to drill Elk, oh no we are waiting.  Probably good reasons for both but confidence would steam roll the latest 5 day drag down.  This big massive accreative selldown coming and the stock is below the secondary of three years ago with all of the extra T's. It is unbelievable that we have the price where it is. Why, confidence is the only thing that is keeping this stock from ripping to the moon. This baby should be the sun moon and stars. Where in the hell are the buyers, that's my question.

'ellerslick' pid='20117' datel Wrote:

'jft310' pid='20115' datel Wrote:

Admin- Its not the perfect thing its this and its quite simple. IOC is a very small company and they are very few in Senior Management to do these deals and they are stretched thin at best. Since they have Confidentiality Agreements in place if they announced a delay at Elk well wouldn't you want to know why?? They can't tell us legally the why!!! And its not to say Elk's spud isn't soon. Most senior investors want them to spend their time doing a Grand deal with a Super Major to monetize what they have vs what they may find at Elk??Hint 8 T's of NG is enough. They don't have time to hold your hand . In this new arrangement with the new partner the partner might be agreeing to pay part of Elk's drilling costs?? So you would prefer IOC to pay for this entire well drill as an IOC investor or to spread the costs out with the new partner??? The point is they have good reasons for not drilling ELK and they are hidden behind the Confidentiality Agreements. What you want is that blanket of secrets to drop and the Confidentiality Agreements to expire with the new deal. Sitting here argueing about minutae is just a waste. Let em get the deals to ya please.

It is about confidence, you say what you mean and mean what you say.  Can a company do that without losing flexibility, that is the question.  My family money dipped into negative territory for the 6th time in 3 years. I attribute some of that to management saying things and not following thru.  We will pick a partner, oh no we won't. We are getting ready to drill Elk, oh no we are waiting.  Probably good reasons for both but confidence would steam roll the latest 5 day drag down.  This big massive accreative selldown coming and the stock is below the secondary of three years ago with all of the extra T's. It is unbelievable that we have the price where it is. Why, confidence is the only thing that is keeping this stock from ripping to the moon. This baby should be the sun moon and stars. Where in the hell are the buyers, that's my question.

Exactly.  Where are the buyers with all this recent positive news, and all the resource positive news over the longer term?  On such super low volume it seems wrong to credit the shorts for the stock's poor behavior.  It's not the selling, short or not, it's the lack of buyers.

'ellerslick' pid='20117' datel Wrote:

'jft310' pid='20115' datel Wrote:

Admin- Its not the perfect thing its this and its quite simple. IOC is a very small company and they are very few in Senior Management to do these deals and they are stretched thin at best. Since they have Confidentiality Agreements in place if they announced a delay at Elk well wouldn't you want to know why?? They can't tell us legally the why!!! And its not to say Elk's spud isn't soon. Most senior investors want them to spend their time doing a Grand deal with a Super Major to monetize what they have vs what they may find at Elk??Hint 8 T's of NG is enough. They don't have time to hold your hand . In this new arrangement with the new partner the partner might be agreeing to pay part of Elk's drilling costs?? So you would prefer IOC to pay for this entire well drill as an IOC investor or to spread the costs out with the new partner??? The point is they have good reasons for not drilling ELK and they are hidden behind the Confidentiality Agreements. What you want is that blanket of secrets to drop and the Confidentiality Agreements to expire with the new deal. Sitting here argueing about minutae is just a waste. Let em get the deals to ya please.

It is about confidence, you say what you mean and mean what you say.  Can a company do that without losing flexibility, that is the question.  My family money dipped into negative territory for the 6th time in 3 years. I attribute some of that to management saying things and not following thru.  We will pick a partner, oh no we won't. We are getting ready to drill Elk, oh no we are waiting.  Probably good reasons for both but confidence would steam roll the latest 5 day drag down.  This big massive accreative selldown coming and the stock is below the secondary of three years ago with all of the extra T's. It is unbelievable that we have the price where it is. Why, confidence is the only thing that is keeping this stock from ripping to the moon. This baby should be the sun moon and stars. Where in the hell are the buyers, that's my question.

As sorry as I am for you for that negative territory, I don't think you should blame that on management. If you do that, this isn't the right stock for you. They manage a business, not a stock price. That business dances to an entirely different time beat than the stock price, and there is little that they can do about that. That doesn't mean they have a perfect track record, or that we're not allowed to complain or hold them to account, but one must do so with specifics, not in these general terms, I feel. But that's just me as well

Good luck with recovering your family money, I'm fairly sure if you stick around here, that will happen, unless you're deep into options and/or margin.