10-24-2013, 02:38 AM
'Ass0ciatedPress' pid='30142' datel Wrote:
'johnwgrant' pid='30140' datel Wrote:I'm not sure where you got your currency info... But, at 1 NOK = $.169 USD that works out to be about $8.3 million. A good amount of working capital - but NOT $49 million USD...
John,
Arthur didn't know the conversion he was referencing 49M NOK not USD. We had to take the wind out of his sails on the value of that after conversion.
Arthur found some very useful information and I recommended his post. Just wanted to make sure (as you did) that we all knew it was about $8 million. Going from memory, I think they made a little bit of money on their position. A shame that Duma stood in the way of them using Floating LNG - a very appropriate technology for InterOil to employ !!