Earnings

[blue water]

PORT MORESBY, Papua New Guinea and HOUSTON, Nov. 11, 2013 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) today announced financial and operating results for the third quarter ended September 30, 2013.

Key Points

• Net loss for the quarter of $6.3 million compared to a profit of $5.3 million for the same period in 2012
  
  • $250 million secured syndicated capital expenditure facility led by Credit Suisse AG
    
    • Continuing focus on streamlining business units and reducing costs
      
      • Negotiations with a number of supermajors relating to the monetization of the Elk and Antelope resource in final stages; announcement expected by year end...
        

        Commenting on the results, InterOil chief executive Dr Michael Hession said, ...

        "Negotiations with a number of supermajors regarding the monetization of our gas resources are in the final stages. We expect to be able to make an announcement on the selection of our development partner before year end".
        

  I don't see that Hession has said anything more than that they will announce a partner.  Does anyone read this to say that a deal will be signed by year end, or anything definite about a deal will be announced other than a partner?  It certainly sounds like a deal is coming, but I can't quite convince myself that the company will announce what it is before Dec. 31 2013.