Exclusivity over: source

[Palm]

The market tends to fall for the anonymous source as will the stock. Just as the company had to comment on the "leaked" XOM exclusivity, they should need to comment on this. True or False

If this is true, it can only be construed as a positive for InterOil as it indicates the company is in a position of strength in these ongoing negotiations.  Unless there were other bids that could pressure Exxon to grant InterOil the terms it's seeking, InterOil wouldn't have been incentivized to not extend exclusivity.  Blair Price did a poor job of writing the article, but "it's dead" clearly refers to the exclusivity, not the negotiations.  The key here is that InterOil has made the voluntary decision to pressure closure by not extending exclusivity; this was not Exxon's choice.

"If this is true, it can only be construed as positive..."

We can say that but its OE day also and we know how this works; planned attack on pps is what it is (if that's what's going on), and if that's the case we will see that early heavy volume that knocks it down followed by sporadic bursts to keep it down. Look for a pattern similar to Tuesday; unless there is a comment released by IOC.