04-18-2013, 09:23 PM
pickboone•13 minutes agoFlag
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"We understand that there is some sort of a beauty contest now between the majors to acquire those positions and we have a tagalong. So we will be able to make a new rapid cash on that property."
PRE's commentary above may the clearest sign yet of what has been transpiring in InterOil's asset sell-down process. I've listened to several of PRE's conference calls and don't recall a single instance in which they've expressed this much excitement about anything. This statement is the clearest independent confirmation I've seen that a bidding war has erupted among the majors for InterOil's assets. The quote above insinuates that there may already be offers on the table for some or all of block 237, and if that's the case, it won't be long before all of InterOil is acquired since the implications are that the strong interest spans way beyond Elk/Antelope, and other parties agree that even outside of PRL15, the structures that have been "mapped are very, very, very large... in excess of 5 to 10 Tcf every single opportunity there." The majors will not let go of an opportunity like this before dipping deep into their cash hoards to try to acquire the company
0users liked this postsusers disliked this posts0
Reply
.
"We understand that there is some sort of a beauty contest now between the majors to acquire those positions and we have a tagalong. So we will be able to make a new rapid cash on that property."
PRE's commentary above may the clearest sign yet of what has been transpiring in InterOil's asset sell-down process. I've listened to several of PRE's conference calls and don't recall a single instance in which they've expressed this much excitement about anything. This statement is the clearest independent confirmation I've seen that a bidding war has erupted among the majors for InterOil's assets. The quote above insinuates that there may already be offers on the table for some or all of block 237, and if that's the case, it won't be long before all of InterOil is acquired since the implications are that the strong interest spans way beyond Elk/Antelope, and other parties agree that even outside of PRL15, the structures that have been "mapped are very, very, very large... in excess of 5 to 10 Tcf every single opportunity there." The majors will not let go of an opportunity like this before dipping deep into their cash hoards to try to acquire the company