01-25-2013, 01:03 PM
'ltinvest' pid='16453' dateline='<a href="tel:1359035 Wrote:"The InterOil Board of Directors intends to meet the Company's advisors during the first week of March 2013 for the purpose of evaluating bids received and selecting our partner(s)" I'll be looking forward to the March conference call!
My takeaways:
- PA must be done. It would be ludicrous to announce feb28 deadline if this weren't in the bag
- takes a very confident process to enable releasing a date like this...the competition for these resources is more than enough to offset any risk that either another bidder/company or PNG is able to derail this
- really keen to find out terms of PA...that would be nice interim announcement in feb. curious how gov't take & terms ended up
good job IOC. Fantastic news release. I do not believe they will announce anything prior to feb28 closing date for binding bids..unless of course all bidders deliver ahead of this drop dead date. Could happen...seems more likely that IOC gets purchased as soon as the PA is inked.