Exclusivity over: source

[cybersssss]

Stock down over 12% (60,000 shares thus far, not some tape paint) in premarket trading based on an article making certain assertions that are material events. Petro, agreed that IOC must comment. I am waiting.

[ltinvest]

Reconfirmed from Interoil management negotiations with Exxon are ongoing. Amazing how we let the shorts manipulate us in such predictable ways. Someone is enjoying a bloody mary with a smile on their face on options expiration day.

[Petro2458]

That doesn't matter IT. The market is reacting to exclusivity.

[Ass0ciatedPress]

"Yet an InterOil spokesperson said negotiations between Exxon and InterOil were ongoing," quote Blair Price.

this company never ceases to amaze me.

[jft310]

northoil • 2 minutes 18 seconds ago Flag(yahoo)
1users liked this postsusers disliked this posts0Reply
Stay (Just a little bit longer)
Given recent market action, it’s hard to stay the course, but the positives are pretty strong:

1. The exclusivity period is a negotiating tool but not that big a deal. IOC doesn't want to start over with someone else (don't forget, Exxon made the BEST initial offer; the next company , Shell or whoever, offered something less). And the upstream is cutthroat. Exxon would never let Shell or Total into its back yard if they could help it. So, the deal with Exxon WILL happen. Exxon wants to control the world, let alone PNG. They need the gas, they want the gas and for those who understand how exploration is conducted, IOC is sitting on a lot more gas and Exxon knows it. We can’t predict when, but “if” is not an issue. Exxon wants this deal, they want the exploration upside and they will have it. It won’t be too much longer. I hope.

2. The recent price disaster has wiped through a lot of stop losses and weak hands. People who were thinking of selling have sold. Who’s left? Duh … only buyers and 11 million short shares which have to be covered. The day of the announcement will be a 4 million share day, maybe more

[jft310]

A large HF mgr I chat with first reaction. Blair Price on the take. An additional player is not bad. I think that SPA is done .

[TomCrooz]

A large HF mgr I chat with first reaction. Blair Price on the take. An additional player is not bad. I think that SPA is done .

If the SPA is done, that would be a material event and needs to be reported.

[steve3752]

The problem is that uncertainty is never good for a stock and this is certainly true for IOC.  Company should clarify.

As Exxon had said major terms were agreed to, if the exclusive negotiations are over beacuase they could not work out a deal everything is pure speculation.  Can spin positive and spin negative.

Point being, uncertainy will crush share value until some clarity is back.  IOC needs to speak. I know they cannot say certain things.  I cannot believe they cannot say something.

[Petro2458]

I guess the only refreshing thing is if the deal was dead then they and XOM would have to say so...

[cybersssss]

Petro- There is nothing refreshing on a 20% loss in stock value over 5 days. The company not responding to this is negligence on their duty to the shareholders.