11-15-2014, 11:18 PM
I have stated several times that Hession has reasons for not telling us all . One is to make up for Phil speak $4-5 per mcf talk . Second is a fear that Interoil may be offered a today price that appears robust but doesn't come close to real value . We need to get to the Total payment to be ok for awhile . Phil M summed it up the best time for Interoil to sell out will be right before LNG production starts .
Any long term follower of Interoil should understand the above without further detail .
But for newbies in order to get this perspective requires a full understanding of the past and an understanding of what Board of Directors are supposed to do . The BOD has a fiduciary duty to fulfill for shareholders . That includes full value in a buyout. Interoil full value can't be determined without years more drilling and sell downs . Thus I don't think Interoil gets sold for years if we can navigate the time period between the Ant 4 and 5 drilling and the Total dollar receipt . That payment is truly transformational . I expect Interoil to receive $3-4 Billion at recertification.
As usual use or flush .
Any long term follower of Interoil should understand the above without further detail .
But for newbies in order to get this perspective requires a full understanding of the past and an understanding of what Board of Directors are supposed to do . The BOD has a fiduciary duty to fulfill for shareholders . That includes full value in a buyout. Interoil full value can't be determined without years more drilling and sell downs . Thus I don't think Interoil gets sold for years if we can navigate the time period between the Ant 4 and 5 drilling and the Total dollar receipt . That payment is truly transformational . I expect Interoil to receive $3-4 Billion at recertification.
As usual use or flush .