12-04-2012, 06:31 AM
'ebster123' pid='13848' datel Wrote:Unfortunate the Bloomberg article did ot mention what was stated in another article "He also expressed confidence that Papua New Guinea would be able to finance a higher share of InterOil Corp.’s natural gas assets following an agreement reached in November." Regardless of what the train mixes, regardless of who the Partner is, regardless of anything this should reinforce the shorts bogus claims. Read "would be able to finance a higher share of InterOil Corp.’s natural gas assets", the assets are there and PNG is doing their best to get them. Looks to me like the PNG GOV'T wants and needs IOC as much as IOC needs them. Symbiotic relationship will work well for both entities!!
Yes they want it and yes they will pay matching commercial rates.
The irony is PNG is motivated to have a higher buy-in $/M than a lower $/M as that places a higher value on the asset.
Many are freaking that this does not hold true as they fall for short rubbish.