Insider Post 10:15 pm est

[trans]

Check out Insider post on Yahoo titled Investigators.  If true, it looks like they have nabbed the Petromin leaks and the shorts .  ties to West coast and East coast US. and elsewhere to other bidders etc.    This looks important.............

[jft310]

inciderr yahoo post here

Investigators
.

Mentioned. Demand of Petromin dismantle has uncovered unauthorized contact between Petromin and key national Ministries and Gulf LNG bidders. Contact unknown by Investment Bankers and Prime Minister's team until last week state visits with Japan and Thailand. E-mail, phone and text logs are gathered and parties in Australian and on east and west coast US are incriminated. Obstructionism and mis-information removed. Process clear

[jft310]

pickboone says

The last shackle breaks, the floodgates break open?
.

Rumors of Petromin's dismantling and a scramble by Shell to buy into InterOil's assets posted by credible long-time posters have suddenly flooded the message boards. Assuming the veracity of these reports is confirmed, the implications are very significant for InterOil:

1) On April 21, 2011, Petromin reportedly "schemed “Project Zebra”under which it has mounted a hostile takeover or dilution bid of InterOil’s LNG project equity position as a condition of Shell’s engagement as Gulf LNG project operator."

2) Though PM O'Neill's position has been to "develop the two LNG projects together and for new and returning foreign investors to follow the laws of PNG and come through the “front door” to invest in PNG", IOC's stock has been stagnant since April 2011 despite the stock market appreciating approximately 20%, Antelope-3 and Triceratops-1 being successfully drilled and tested, the LNG market tightening further, and "several bids" from world class operators for stakes in Elk/Antelope being received.

3) Hence, one could surmise that despite the O'Neill administration's unprecedented power and positive predisposition to private industry and InterOil, concerns about Petromin and Shell's antics have suppressed the stock's appreciation and emboldened the shorts.

4) Shell's CFO has already publicly acknowledged Shell's interest in InterOil's gas, and Petromin's dismantling would logically have been the final straw that would result in Shell legitimately bidding for InterOil's assets or even the entire company as the hope that Petromin could coerce a bad deal for InterOil gets obliterated; hence it's no coincidence that reports of Petromin's dismantling are being followed by reports of Shell's scramble to bid for InterOil's resource.

5) With Petromin being disempowered, I believe IOC is worth significantly more than Oil Search, which has a $10 billion market capitalization.

6) Shell's late entry into the fray implies a true bidding war for IOC's assets - think Cove!

[admin]

Well, lets wait for some official confirmation, but in the meantime you can try to make sentences, using the words axis, evil, unraveling, eyes...
I had the first entry already a couple of days ago, but perhaps someone can come up with something better.

[Tree]

Petromin to be gone. NCPC to emerge. Leadership under purge. Kalinoe signature line on the JAPEX/MOU and voila that MOU was signed by the JP Ambassador (I think) instead? Gee I wonder what happened to Kalinoe??
Makes sense an investigation would have preceded his removal, as it does appear he was removed. I wont count on hearing any details of investigation findings, just management changes. Dirty laundry like this is usually not publicizd and changes will be made and life will move on. We may NEVER get confirmation. The NCPC switch will be proof. Wouldn't it funny if incider is right and the web does lead to AU and US coasts and someone along the way just may take a fall??

[jft310]

Interesting thing is the SEC is looking at inside information(negative as wellas positive) in shareholder freindly ways these days. Not sure ask Steve Cohen at SAC. Linking these guys to this type information as a minimum would mean fines. This goes well beyond rumors but to actual information that they traded on. Historically the SEC makes them disgourge ill gotten profits and they pay fines. Now were talking.!