InterOil has done well recruiting Dr Hession to CEO position.

[Stavros]

Posted by a PNG Geologist named Peter:

http://www.linkedin.com/groups/InterOil-has-done-well-recruiting-3353631.S.258287502?view=&gid=3353631&type=member&item=258287502&trk=eml-anet_dig-b_nd-pst_ttle-cn

He will deliver two long overdue issues to the watching global petroleum industry apart from other commercial issues at hand that he will navigate the company through.

InterOil Board has to be commended, they did extremely well by bringing on board Dr Hession, who’s experience in the industry, region and finance is admirable. Not only that; for me as a practicing petroleum geologist, Dr Hession is a Geologist/Geophysicist by background. That brings a very high level of confidence to the table when we are dealing with a run-away beast like Elk-Antelope Field.

I am sure; with his background Dr Hession must be very excited about the overall geoscience enigma that surrounds the Elk-Antelope Field. It is reported as a reefal/fractured carbonate play system that is set to produce at record production rates. Compounded with another set of uncertainties as it is a very rich condensate field with potential oil leg somewhere up there in Kerema country. This is the story that has been told and this is the story we know now.

But does the outside world believe and buy that story? Well Dr Hession as a very skilled petroleum geoscientist must unravel and at the same time certify the reserve numbers to quench the thirst of the world at large.

I think companies like ExxonMobil and Oil Search have now found their match in manpower edge, pitch Dr Hession and Keli Taureka together. I would say, InterOil now stands tall above Oil Search.

Dr Hession has two immediate tasks to accomplish amongst others.

Number 1: Dr Hession has to bring in reputable and recognized industry experts to properly certify the reserve and resource numbers at Elk-Antelope. That may require a few more wells? A few more seismic lines?

Number 2: InterOil Dataroom….yes the dataroom of InterOil is said to be below acceptable international standard. Why was that?...is a question past management was not able to address. Now I believe Dr Hession is the right man to make that dataroom presentable and ACCESSABLE to other interested parties like ExxonMobil and others.

Than there is the issue of Triceratop, that is another challenge that awaits Dr Hession, but I believe he has time to work that out.

Of course apart from that he has to deliver the Gulf LNG…how that is structured and presented to PNG and the world at large can take a few months or …just might take a few years.
Congratulations to InterOil Board for bring on board Dr Hession.

And to Dr Hession, PNG has long been called; “the land of the unexpected”, welcome to PNG, you shall soon find out for yourself.

[kerekesc]

Posted by a PNG Geologist named Peter:

http://www.linkedin.com/groups/InterOil-has-done-well-recruiting-3353631.S.258287502?view=&gid=3353631&type=member&item=258287502&trk=eml-anet_dig-b_nd-pst_ttle-cn

He will deliver two long overdue issues to the watching global petroleum industry apart from other commercial issues at hand that he will navigate the company through.

InterOil Board has to be commended, they did extremely well by bringing on board Dr Hession, who’s experience in the industry, region and finance is admirable. Not only that; for me as a practicing petroleum geologist, Dr Hession is a Geologist/Geophysicist by background. That brings a very high level of confidence to the table when we are dealing with a run-away beast like Elk-Antelope Field.

I am sure; with his background Dr Hession must be very excited about the overall geoscience enigma that surrounds the Elk-Antelope Field. It is reported as a reefal/fractured carbonate play system that is set to produce at record production rates. Compounded with another set of uncertainties as it is a very rich condensate field with potential oil leg somewhere up there in Kerema country. This is the story that has been told and this is the story we know now.

But does the outside world believe and buy that story? Well Dr Hession as a very skilled petroleum geoscientist must unravel and at the same time certify the reserve numbers to quench the thirst of the world at large.

I think companies like ExxonMobil and Oil Search have now found their match in manpower edge, pitch Dr Hession and Keli Taureka together. I would say, InterOil now stands tall above Oil Search.

Dr Hession has two immediate tasks to accomplish amongst others.

Number 1: Dr Hession has to bring in reputable and recognized industry experts to properly certify the reserve and resource numbers at Elk-Antelope. That may require a few more wells? A few more seismic lines?

Number 2: InterOil Dataroom….yes the dataroom of InterOil is said to be below acceptable international standard. Why was that?...is a question past management was not able to address. Now I believe Dr Hession is the right man to make that dataroom presentable and ACCESSABLE to other interested parties like ExxonMobil and others.

Than there is the issue of Triceratop, that is another challenge that awaits Dr Hession, but I believe he has time to work that out.

Of course apart from that he has to deliver the Gulf LNG…how that is structured and presented to PNG and the world at large can take a few months or …just might take a few years.
Congratulations to InterOil Board for bring on board Dr Hession.

And to Dr Hession, PNG has long been called; “the land of the unexpected”, welcome to PNG, you shall soon find out for yourself.

I was completely perplexed by this article when I initially read it.  Peter, the PNG geologist, tries to put on a knowledgeable face, but he is short on specifics and examples to support his "opinions" and makes several outrageous comments.

-"Dr Hession has to bring in reputable and recognized industry experts to properly certify the reserve and resource numbers at Elk-Antelope."  Really? Is Peter the Geologist serious?

-" ...the dataroom of InterOil is said to be below acceptable international standard."  Really, this is a new one not even Tilson has mentioned!  Peter the Geologist might want to provide us with a few examples of how this could be rather than merely saying "said to be."

-"... to make that dataroom presentable and ACCESSABLE to other interested parties like ExxonMobil and others."  Really?  Peter the Geologist  must be kidding to insinuate that XOM and other interested parties have not had access!

The only acceptable fact Peter the PNG Geologist had to say is that Dr. Hession is a fine person to lead IOC......but we already knew that!

[Spartina]

Thanks Stavros, nice find.

[Investor1979]

[quote='Stavros' pid='25773' dateline='1373982801']

Posted by a PNG Geologist named Peter:

http://www.linkedin.com/groups/InterOil-has-done-well-recruiting-3353631.S.258287502?view=&gid=3353631&type=member&item=258287502&trk=eml-anet_dig-b_nd-pst_ttle-cn

He will deliver two long overdue issues to the watching global petroleum industry apart from other commercial issues at hand that he will navigate the company through.

InterOil Board has to be commended, they did extremely well by bringing on board Dr Hession, who’s experience in the industry, region and finance is admirable. Not only that; for me as a practicing petroleum geologist, Dr Hession is a Geologist/Geophysicist by background. That brings a very high level of confidence to the table when we are dealing with a run-away beast like Elk-Antelope Field.

I am sure; with his background Dr Hession must be very excited about the overall geoscience enigma that surrounds the Elk-Antelope Field. It is reported as a reefal/fractured carbonate play system that is set to produce at record production rates. Compounded with another set of uncertainties as it is a very rich condensate field with potential oil leg somewhere up there in Kerema country. This is the story that has been told and this is the story we know now.

But does the outside world believe and buy that story? Well Dr Hession as a very skilled petroleum geoscientist must unravel and at the same time certify the reserve numbers to quench the thirst of the world at large.

I think companies like ExxonMobil and Oil Search have now found their match in manpower edge, pitch Dr Hession and Keli Taureka together. I would say, InterOil now stands tall above Oil Search.

Dr Hession has two immediate tasks to accomplish amongst others.

Number 1: Dr Hession has to bring in reputable and recognized industry experts to properly certify the reserve and resource numbers at Elk-Antelope. That may require a few more wells? A few more seismic lines?

Number 2: InterOil Dataroom….yes the dataroom of InterOil is said to be below acceptable international standard. Why was that?...is a question past management was not able to address. Now I believe Dr Hession is the right man to make that dataroom presentable and ACCESSABLE to other interested parties like ExxonMobil and others.

Than there is the issue of Triceratop, that is another challenge that awaits Dr Hession, but I believe he has time to work that out.

Of course apart from that he has to deliver the Gulf LNG…how that is structured and presented to PNG and the world at large can take a few months or …just might take a few years.
Congratulations to InterOil Board for bring on board Dr Hession.

And to Dr Hession, PNG has long been called; “the land of the unexpected”, welcome to PNG, you shall soon find out for yourself.

I was completely perplexed by this article when I initially read it.  Peter, the PNG geologist, tries to put on a knowledgeable face, but he is short on specifics and examples to support his "opinions" and makes several outrageous comments.

-"Dr Hession has to bring in reputable and recognized industry experts to properly certify the reserve and resource numbers at Elk-Antelope."  Really? Is Peter the Geologist serious?

-" ...the dataroom of InterOil is said to be below acceptable international standard."  Really, this is a new one not even Tilson has mentioned!  Peter the Geologist might want to provide us with a few examples of how this could be rather than merely saying "said to be."

-"... to make that dataroom presentable and ACCESSABLE to other interested parties like ExxonMobil and others."  Really?  Peter the Geologist  must be kidding to insinuate that XOM and other interested parties have not had access!

The only acceptable fact Peter the PNG Geologist had to say is that Dr. Hession is a fine person to lead IOC......but we already knew that!

Sounds like a " disguised " short. He questions the current " story" of Interoil and whether the outside world believe and Buy that story.. He refers to Tricera as an Issue,  but he thinks that Hession has time to work that out . I didn't know about any issues other than normal continued development . Perhaps he is a begrudgingly complimentary  ex-short.

[maui4marko]

3rd

Peter K.

Director at DIRECO Services, ADF Haus, Port Moresby, PNG

Papua New Guinea

Oil & Energy

Current	DIRECO Services (PNG) Limited
Previous	Oilfield Production Consultants (OPC) London Office, Saudi Aramco, Baker Hughes Inteq_Qatar
Education	UBD MSc Petroleum Geoscience

[Investor1979]

I presume his reference to E/A as a run-away beast is a good thing? If so, let the beast run!

[maui4marko]

I'll let the readers draw their own conclusion:

Peter's connections on LinkedIn:

Barrick Gold - 32
Newcrest Mining - 25
Oil Search - 24
OK Tedi - 14
Morobe Mining JV - 12
BHP Billiton - 8
Marengo Mining - 7
Petromin - 6
Xstrata - 5

[ArtM72]

Looks to me like this is likely "the" Peter but let's not be so certain it is him, and not bother looking too hard. The fact that he has some new criticisms which seem well meaning. His characterization of E/A as a beast was provocative as was his observation about the IOC data room. In any event I saw this as an honest, well meaning article that most importantly speaks well of IOC's resources, which now includes by almost all accounts a very capable CEO. Good but challenging times ahead for all, challenges with a quickly diminishing ratio of risk/reward.

[Libtardius Maximus]

No comments on the "O" word?

[kerekesc]

On a message board, on the internet, one can only make conclusions based on what someone said, not on a listing of past accomplishments which may or may not be truthful.  In this case, a person, presumably a scientist, has made a host of nonsense-filled, opinionated ascertians sprinkled with a few downright falsehoods.  To me, this is not the writing of a logical minded scientist.