Bid Bird in Hand - Others Circling

[Tusker]

Looks familiar... in a Big Picture Window sort of way.

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"Separately, InterOil announced that it has advised bidders with which the Company has been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. The InterOil Board of Directors intends to meet the Company’s advisors during the first week of March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea."

This announcement would not have been made without an acceptable bid in hand.  Bidders know this and were put on public notice of closing date.

Can the 'two in the bush' be worth more than the bid bird in hand??

Toot Toot