(11-15-2014, 11:18 PM)jft310 Wrote: 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 .
I don't agree with your thesis that hiding good news somehow increases the ultimate value of the company, or that disclosing it makes us more susceptable to a cheap takeover. To think those who are in this business with people on the ground don't know and understand far more than is publicly released by MOH just doesn't seem rational. After all, it was Beveridge at Berenstein who told us Raptor was to be a discovery (actually not us, but Berenstein's clients) before the government was notified and publicly announced by MOH. How did he know if the information was made freely availabe to the right people or clearly evident to knowlegeable people on site.
OK, so that's how this business works today. The last people to know the facts on the ground are the general investing public. I just don't see how that benefits share price.
As to MOH giving out almost no information as some antidote to Mulacek's free and open releases? That doesn't ring very true either if for no other reason than it's a case of water over the dam.