Dear fellow investors,
I was reading IOC's annual report to shareholders last evening and found a reference to investment in shares of Flex LNG Ltd. I knew that IOC and Flex LNG Ltd. had a partnership at one point but was unaware of an investmentment. I took to my computer and Google and found a website that says in September a company called Interoil Finance Inc. sold 8,938,913 shares of Flex LNG Ltd. for "NOK 5.5" I will attempt the link here
http://www.newsweb.no/newsweb/search.do?messageId=335300
I do not know what the conversion of NOK is but that is 49 million! That should go a long way to filling IOC's coffers and help in deal negotiations! Having lots of cash in the bank is a good thing! I hope they use it to buy back IOC stock!
Arthur Bell