InterOil Corporation Research Report
InterOil's successful drill stem tests (DST) has given investors a reason to be delightful, although the company has still not settled its partnering agreement on its upcoming LNG project. InterOil is poised to capitalize on the booming liquefied natural gas (LNG) market by establishing an LNG plant in the Gulf Province of Papua New Guinea. While the plan was initially criticized by the PNG government last year, the plan finally gained the government's approval around November, clearing any political barriers for InterOil's new project. InterOil's LNG plant will have an initial output of 3.8 million tons per annum. InterOil's Board of Directors intends to meet the Company's advisors in the first week of March 2013 to evaluate which partner would be most suitable for the project. To give a clearer picture of how profitable this project could be for InterOil, one must note that the Chinese government plans to increase its natural gas energy consumption from 4% to 10% by 2020. If InterOil can supply this to China, it may bring in significant revenue for the company, allowing it to compete with ExxonMobil for the title of lead producer in Papua New Guinea.
Read more here: http://www.sacbee.com/2013/02/19/5199931...rylink=cpy
Don't know about the quality of the report.
But some of this was discussed on Bloomberg Radio the other day.