How will the announcement come down?

[Tree]

Regarding any current BOD meetings I think we have to keep in mind the most recent company references:

From the March 1 PR:

"The InterOil Board of Directors will meet the Company’s advisors during March 2013 for the purpose of evaluating bids received for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea."

From the RJ presentation:

"Closing remarks and Corporate Operating Goals Near term corporate goals:

  Enter into an agreement with an LNG partner including a sale of interest in the Elk and Antelope resource

  File an application for a PRL (Petroleum Retention License) for Triceratops Development

  Ramp up to two rig drilling program at Elk and Antelope and PPL237 with PRE.

  Continue LNG pre-investment to drive the development timeline and reduce EPC contractor and strategic LNG partner bid risks

  Generate positive EBITDA from our operating businesses

PNG Cabinet Conditionally Approved InterOil’s Gulf LNG Project

Advisors have informed the Company that several bids to partner with InterOil in its Gulf LNG project have been received. The bid received are from the types of companies we anticipated. Our advisors are now evaluating the submissions.

The InterOil Board of Directors will meet the Company’s advisors during March 2013 for the purpose of evaluating bids received for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea.

  InterOil, and the partner we select, plan to form a Joint Venture which will be aligned to bring an LNG processing facility to Papua New Guinea of a nature and in a manner which will be satisfactory to the State

  With the incoming partner, the Joint Venture intends to finalize the development plan for the Gulf LNG project and complete the proper documentation to move the Gulf LNG project forward.

  The Gas Agreement with the PNG State, which supercedes our 2009 Project Agreement and controls the project development, should be finalized with the LNG partner we select."

We will know much more in 19 to 49 days.