Utterly disappointed

[freddiekingman]

Dr Hession states Exxon details later on call

did you hear any detail?

[Movieguy]

Dr. Hession is excellent at "no comment."

Did he not say he would discuss Exxon later, and then when asked about it said, "I am not going to comment?" Is this helpful? Am I missing something?

[HhoseBoy]

Aptly named thread, I cannot in double digit years remember a more non-informational CC. I'm still here holding strong, but dayum, how long is this string?

[jft310]

Dr Hession is a great landscape picture drawer. No details.. YET!Why its more than E/A sell down

[admin]

Yea, I have to agree there, they can't talk about details but some of the contours are emerging from the shadows..

[Petro2458]

He brings strong focus and execution.

Key nuggets:

- e/a is biggest discovery in Asia in 20 years (we knew this but great to hear)
- easy to get distracted...we are focused on strategic partnerships (i.e. get major partner ahead of discoveries ...not after! and ramp up exploration.
- we are still in "exclusive" negotiations with XOM
- non operated LNG is our niche...find it, sell it down to get future non op LNG revenues
- looking at taking on debt to enable exploration...presume this is to eliminate any negotiating levers potential partners might have or think they have
- no details on XOM deal. Smart approach...it only feeds the lions. And until there is a deal, various details will not move the stock!?

[sageo]

There are no words for how I feel right now.

Looks like a total transformation of the company. Gulf LNG not mentioned anymore. Interoil will not be a LNG operator. Focused on refinery and distribution business. What a freaking joke. I'm pissed off

http://www.interoil.com/iocfiles/documen...0Final.pdf

  A...Press -- Joke is right ! what a sorry way for Mike to start his new position at IOC . What a waste of anyone's good time ! Old proverb ..." Why say blah,blah when blah will do" !!

[charleydavid]

its apparent the bloom is falling off the XOM deal rose... they didnt mention that they were still excited about the deal, developing their own PNG plant is off the table... earnings are a huge miss...
PPS is heading to low 60's... if not lower...

[Petro2458]

No...that's wrong. This guy is gonna show you instead of tell you for years and never deliver

[paythepipernow]

One day we will get off this rollcoaster of a ride.....Hopefully all a little richer...