Dry Hole Blowback

[Putncalls]

This is such BUNK! I can't beleave the blatant attempt at deception from Gelvert!

"This is why the hedge fund manager I quoted in my latest IOC articlementioned the low amount of InterOil is paying for condensate stripping plant expenses. He said: "Also, The condensate stripping plant expenses are comically low. The issue with the condensate stripping was always going to be dry hole blow back. You can't test for that for $4 million. Only evidence - they have done NOTHING on the condensate stripping plant that is worth doing."

[ArtM72]

Later on in the thread Gelvert off-handedly mentioned that he didn't even know what "dry hole blowback was". Still later in the thread he countered criticism of his inaccuracies by saying he wasn't an expert in IOC because he watched a number of other companies as well. He won't even state who the hedge fund manager is who is feeding him this stuff.

[Palm]

Nor does he state who he heard the great rumor from today that one of the IBs had pulled out of the SD process because of IOC's lack of transparency. Now IF an IB pulled out of the SD process that might make sense. The IBs were handling bids per geographic location. UBS was handling Europe. Shell's HQ is in London. If UBS pulled out it might be because Shell went bye bye. That's IF UBS pulled out. Funny he could even say which IB supposedly pulled out. So we ignore the guy. Name names Adam. BTW it was WA who mentioned the regional handling of bids along with Collin at the AGM.

[admin]

At least Minkow put his hours in..

[Tree]

'Dry Hole Blowback'
Kinda sounds like a hair salon term.....maybe Sussman knows.
Kinda sounds like a prison term.....maybe Minkow knows.