02-17-2013, 01:14 PM
Very good post. I do wonder why IOC would be so specific about the news release and BoD meeting in first week of march. I can only conclude that the framework is well organized and has progressed to the point that "final binding" bids will not materially change in structure, thus making the subsequent selection process more timely.
After all this time... Another week will not be material to the long term.
"Separately, InterOil announced that it has advised bidders with which the Company has been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. 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) for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea.
After all this time... Another week will not be material to the long term.
"Separately, InterOil announced that it has advised bidders with which the Company has been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. 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) for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea.