Statutory tootproval

[Tree]

What's a statutory approval??

toot toot

[TxPm]

Does any body with a little more knowledge of the workings of the PNG govt want to explain this

http://www.interoil.com/investor-relatio...approvals/

[Tusker]

Does any body with a little more knowledge of the workings of the PNG govt want to explain this http://www.interoil.com/investor-relatio...approvals/

Perhaps WA will later this Am.

Toot Toot !!

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[CesiumFormate]

I read this as two JVOA agreements. We may well have two different operators.

[Tree]

Does any body with a little more knowledge of the workings of the PNG govt want to explain this http://www.interoil.com/investor-relatio...approvals/

What it means is

EnnerOles proposed/selected partner(s) in PRL 15, 237 to lay 3.5$ Billion for a % stake have PNG Gov't approval.

See, partners will not lead with their chin and announce if all the palmducks are not in a row.  That is what shorts do.

Poetic license taken in a portion of the above.  Not insider info just insighter info.

Also known as check-mate.  It's still good to know we have a complicit DPE.