IOC Halted - News Pending

[sageo]

After this halt, how much lower will we open this time ??

Can't drop much lower than XOM's base bid which has been publicly known for some time.  TOT confusion.  Last trade at 10:49 EDT? That what I see at Schwab. Going on 3 hours now. I'm still hoping to hear somehow MH is in cuffs. Not pink.  Chrome.

Art- "In cuffs" is where he should be . One thing I do know  ...if XOM winds up with all our assets (and great prospects & discoveries) with their stealing price (with TOT paying them a ton) , then I will add more to our XOM stash . [ ....a bad move  ??,I am willing to chance it .]   Onlt time will tell. Good luck to you and yours

[Kaliboo]

The propane tank has been discovered?

Ahh.  That's funny.  A trip down memory lane.

So that's why MH is selling the company.  It's as clear as the reflection in those safety glasses.

[Putncalls]

RJ: The Saga is Over
The saga is over (we think): InterOil Corp. (IOC/$48.95/Market Perform) to be acquired by Exxon (XOM/$93.93/Underperform),
as Oil Search won’t match Exxon’s bid. Alongside its 2Q16 results reported earlier today, Oil Search stated that it will not revise its
bid to acquire InterOil. Rather than escalate the bidding war with Exxon, Oil Search conceded defeat, essentially opening the door
for Exxon to move forward with acquiring InterOil. Recall, our InterOil brief from Monday had stated that “we are skeptical that Oil
Search will come back with a revised offer.” We also wrote that Total (TOTF.PA/€43.58/Outperform) is very unlikely to put in a bid.
Barring some sudden last-minute development, the path appears realistic for Exxon to close its acquisition of InterOil by the end of
3Q16, the same timetable as had been the original plan for the Oil Search deal.

[AU74]

So TOT isn't out yet. Of course, they could also regain E/A control by acquiring OSH.

[CAC]

AU74' -- So TOT isn't out yet. Of course, they could also regain E/A control by acquiring OSH.

*******

True, but I would think avoiding the certification payments to XOM (and more likely the re-cert payment to XOM in a few years after we all know what's really down there) would make IOC the more attractive target.  Unless TOT truly believes there is only 7T's down there, they are going to have to pay XOM a lot of money eventually.  The only way to avoid that is to completely own IOC.

[sageo]

So TOT isn't out yet. Of course, they could also regain E/A control by acquiring OSH.

Hi Au - Would we be correct in saying"the worm keeps turning" here ? Sure is highly possible,I believe .  May the ' force' be with us . " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/biggrin.gif" />