Today's News/Stock Action

[Investor1979]

There isn't much of a float, so just have management execute a large share repurchase and the sp should rise and each remaining share held by us longs will become even more valuable. Perhaps they could convince their institutional holders not to lend their shares.

[j.coolaid]

IOC will not have to rely on "1,000's", it will have millions with which to go after these bashturds, and a legal staff to help do it would probably be a good use of shareholder money. How many BILLIONS is this company undervalued in some significant part because of these lying libelous criminals?

      if the world were so fair is my poimt...I love the point, but I have fought those wars for years on other fromts..It has got no where.....a divi coming out  of whatever is their death in my view,,Wire brush colonoscopies for my burbot friends and their entire gang of thieves...that is  my bliss..

[will2bgreat]

Folks,

Are we not missing the main point here of the shorts.  The shorts have their positions because IOC is a cash burning machine.  Don't get me wrong, I am long IOC because of their natural gas reserves but until that gas is monetized, IOC is a cash burning machine.  The only threat to the short positions is moneitization.  Furthermore, this partial sale to XOM has done nothing to change their mindset.  From their position they are asking themselves a question, "If the deal between IOC and XOM is so great, why is IOC looking at doing a seperate LNG plant?" And given IOC's history of overpromising and underdelivering, they see this sale as nothing but more of the same.  If you want to see the shorts leave, IOC needs to cut the deal with XOM that shows monetization of the resource in some given timeline; preferably 3 years.  That will get the shorts running for cover.  Anything short of showing XOM is committed to this deal within some give timelne and staying flat on a good day will be the least of our concerns.

Good luck longs.

[Palm]

Monetization of a portion of PRL 15 will take place when FID is announced on a deal for feeding the 3rd train at PNG LNG plus any other FID announcements. That first item will be well before 3 years.

[Getitrt2]

will2bgreat: From shorts(?): "If the deal between IOC and XOM is so great, why is IOC looking at doing a seperate LNG plant?"

What a silly question that is, whoever it's from. The current deal being finalized between IOC and XOM is not for ALL of the current certified estimates for PRL 15, and there may very well be even more than that, not to mention Triceratops and beyond. Why would they not want to also proceed as they can with plans for monetization of more, either with XOM, another partner or partners, or independently, all of which they retain options for? That is the real question, if there is one.

[jft310]

Exxon for their 4th train needs to buy out IOC's plans to build their own LNG. Can't see how that happens because the LNG participation rate which I estimate will be 20% for the Exxon third train for IOC pales in the face of the participation rate of your own LNG plant. EWC was 85% participation rate for IOC but that deal may not still be on the table.

[ltinvest]

Folks,

Are we not missing the main point here of the shorts.  The shorts have their positions because IOC is a cash burning machine.  Don't get me wrong, I am long IOC because of their natural gas reserves but until that gas is monetized, IOC is a cash burning machine.  The only threat to the short positions is moneitization.  Furthermore, this partial sale to XOM has done nothing to change their mindset.  From their position they are asking themselves a question, "If the deal between IOC and XOM is so great, why is IOC looking at doing a seperate LNG plant?" And given IOC's history of overpromising and underdelivering, they see this sale as nothing but more of the same.  If you want to see the shorts leave, IOC needs to cut the deal with XOM that shows monetization of the resource in some given timeline; preferably 3 years.  That will get the shorts running for cover.  Anything short of showing XOM is committed to this deal within some give timelne and staying flat on a good day will be the least of our concerns.

Good luck longs.

To be accurate, Interoil is not a cash burning machine.  Without exploration/drilling efforts, Interoil is cash flow positive.  Their "cash burn" is a result of their exploration "expenses".  However, I draw a distinct difference in business between "expense" and "investment."  I dare say none of us would be here and our debates would be moot if it were not for the "investments" Interoil has made in exploration that have thus far yielded over 9T's of certified resources. The deal with Exxon will provide an excellent return on investment......while still leaving approximately 50% or more of E/A to be monetized with a separate stand alone LNG plant.  However, IF Exxon (in a future deal) provides a better return on investment for the remaining gas at E/A versus an LNG plant, Interoil will opt for the better overall return.  Additionally, Interoil will "invest" some proceeds from the initial Exxon sell down in exploration.  Many believe this investment will yield an additional 10T to 20T over the next 5 years when Triceratops and other propspects are fully explored.

If someone wants to be short 10T, 20T, 30T of gas (with high liquid %) over the coming years in the AsiaPacific region with LNG prices between $15-$20 and the worlds largest energy company as your partner, I'm happy to remain on the other side of that trade.