03-13-2013, 04:44 AM
In the near future, Interoil is likely to make perhaps the the most impactful announcement in its company history- the long awaited liquified natural gas (LNG) partner selection and resource sell down. Final bids from prospective partners were received on February 28, and the selection of the "winner" will be made by the board. With the stock currently pricing in only $0.70/Mcf of gas resource-vs. the regional industry average of around $1.20/Mcf fro analogous transactions over the past five years - we think the validation provided by the partnership announcement should meaningfully reset valuation