Deal presentation

[Palm]

JV now agrees Certification will include Ant 7. This and other things will now move much faster.

http://www.interoil.com/iocfiles/documen...%20PPT.pdf

[jft310]

The slides say a good deal for Total and Oil Search . Is it a good deal for Interoil shareholders ?
One has to conclude no !

[ArtM72]

I didn't know until just now this deal has already been approved by the BOD! OMG.

[jft310]

We can stop the deal just need the votes . They need 66 percent to say yes . Looks like a big number to me.

[admin]

Soo, GLJ says 10.2Tcfe, Hession during the CC said:

The fact of the matter is volumes are trending up and, Evan, [indiscernible] talked about this. The GLJ, their view of the reservoir as we continually drill four, five and six GLJ again and again are being proved to be more correct with respect to the reserves and the nature of the geology that we are dealing with.

But in their deal presentation to shareholders, their evaluation tabel for the CVR does not go beyond 8.0Tcfe.

How about that for a forked tongue..

And Antelope 7 is supposed to add up to a possible 3Tcf..

[jft310]

They are asking for litigation, they sold us out .

[Tusker]

JV now agrees Certification will include Ant 7. This and other things will now move much faster.

http://www.interoil.com/iocfiles/documen...%20PPT.pdf

Was there any doubt?

What was so absurd was the MH was telling shareholders a MYTH.  The operator according to my face to face with a former Consul of IOC is the boss.  OSL went into manuvers.

MH suggested a repeated /message for three quaters that there was a independent decision oi IOC's making.

One of many misleading postures of IOC Mngt.

I will be adding a few more... thanks to some recently recieve comments.

[Thylacine-2]

There is no 8.0Tcfe limit. The payoff is on whatever is certified.

[ArtM72]

So, with Board Approval already announced, how much will Hession have made by selling the company at a 50% discount from where it was when he was made CEO?

And OSH agrees to sell off 60% of IOC to TOT at the same price?

If the big banks are in on this as would be evidenced by their approving the sell out then we know for sure this all has been a collaborative scheme to steal the assets of this company.

Great partners, OSH and Total. F*ck em and the Trojan horse that carried them in.

[admin]

There is no 8.0Tcfe limit. The payoff is on whatever is certified.

I realize that, but it's noteworthy to see their own tables going only to 8Tcfe whilst their own resource evaluator is already at 10.2 and Hession arguing that they have been proven right with every evaluation step taken the last couple of years. Then there is up to an additional 3Tcfe possible from Antelope7..

Perhaps I'm reading too much into these tables, but it is rather striking.