This replaces the 2009 LNG Agreement . IOC has secured a written legally binding agreement to keep moving forward. Any other discussions are noise and this document should remove any June expiration discussions. See Pet Engineers comments
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Regarding PRL 15, the first five year term of our license does not expire until November 29, 2015 and we can have two five year extensions.
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April 15, 2013
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Port Moresby and Houston, TX — InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company&rdquo
today announced that the Joint Venture Operating Agreements (JVOA) relating to operations within Petroleum Retention License 15 and Petroleum Prospecting License 237 have been approved by the Minister for Petroleum and Energy and registered under the Oil and Gas Act.
As previously disclosed, InterOil has received bids from potential partners in connection with the development of the Gulf LNG project and an interest in the Elk and Antelope fields in Papua New Guinea. Confidential negotiations with more than one bidder are ongoing, and the process is moving forward as planned. InterOil will provide further comment once these discussions have closed and an agreement has been reached.