01-15-2015, 05:26 AM
JDEO a long term holder advised me.
Here's the perspective you need to have and may have but haven't posted .
Hession deferred the dollar receipt from the sell down to Total for the shareholders to receive more money for the asset .
Interoil owned 7.1 T's per GCA and Hession was convinced that was not the right quantity of assets at E/A. He convinced Total to front the money to drill additional wells to narrow the difference between GCA and GLJ . Before he could do that he also wanted to hold onto the other lease areas which required a well to be drilled to get an extension and there was a date that had to be met to start drilling . Looking long term he saw the value in keeping the added lease area .
Didn't have the rigs or money to drill the additional wells at E/A and the lease areas at the same time .
Today we are focused on drilling the new wells at E/A which will get us paid later in 2015 . So far Ant 4 shows that GCA needs to extend their area estimate and Laurie Brown now has improved seismics which show more assets at E/A . More wells to come will hopefully prove out GLJ or more .
The other choice Hession had was close a deal without this extra prove out of assets . Accept a lower payment from Exxon or Total . He chose the larger pot of gold but with this delay to drill .
Additional Dr Hession negotiated a 30 percent interest in the LNG plant and a second future asset payment after even more wells are drilled . This is a binding contract with set payments per tranche .
You talk about the drop in price per share . The payment later this year cures that issue
Here's some homework for you JDEO
Please verify the below
WTI is down 50 percent in 6 months
BTE, PGE, ECA, SDRL, LINE all dividend payers and others are all well down more than 50 percent .
Look up OSH and see it's been crushed .
IOC has a transformational event coming later this year . An event none of the other oil and gas stocks have in their near future a payment that could easily be equal or more than the current market cap . Most think in the $2 Billion dollar area .
Total is fully committed to LNG and announced a new plant this week in Africa .
Japan wants all the LNG they can get from PNG see the Credit Suisse article this week on PNG and Japan .
Goldman states 2 events need to happen to remove the uncertainty . One a winner of the arbitration and second receive the payment later this year . They assume the lower GCA extimate and clearly state with a larger asset the payment rises as does the stock price .
So you need to wait for the pop from the asset payment and a year later the pop from FID and the pop as the plant opens . That's how to make money with Interoil .
And don't forget Antelope is not alone or they will do all of this over and over again.
Here's the perspective you need to have and may have but haven't posted .
Hession deferred the dollar receipt from the sell down to Total for the shareholders to receive more money for the asset .
Interoil owned 7.1 T's per GCA and Hession was convinced that was not the right quantity of assets at E/A. He convinced Total to front the money to drill additional wells to narrow the difference between GCA and GLJ . Before he could do that he also wanted to hold onto the other lease areas which required a well to be drilled to get an extension and there was a date that had to be met to start drilling . Looking long term he saw the value in keeping the added lease area .
Didn't have the rigs or money to drill the additional wells at E/A and the lease areas at the same time .
Today we are focused on drilling the new wells at E/A which will get us paid later in 2015 . So far Ant 4 shows that GCA needs to extend their area estimate and Laurie Brown now has improved seismics which show more assets at E/A . More wells to come will hopefully prove out GLJ or more .
The other choice Hession had was close a deal without this extra prove out of assets . Accept a lower payment from Exxon or Total . He chose the larger pot of gold but with this delay to drill .
Additional Dr Hession negotiated a 30 percent interest in the LNG plant and a second future asset payment after even more wells are drilled . This is a binding contract with set payments per tranche .
You talk about the drop in price per share . The payment later this year cures that issue
Here's some homework for you JDEO
Please verify the below
WTI is down 50 percent in 6 months
BTE, PGE, ECA, SDRL, LINE all dividend payers and others are all well down more than 50 percent .
Look up OSH and see it's been crushed .
IOC has a transformational event coming later this year . An event none of the other oil and gas stocks have in their near future a payment that could easily be equal or more than the current market cap . Most think in the $2 Billion dollar area .
Total is fully committed to LNG and announced a new plant this week in Africa .
Japan wants all the LNG they can get from PNG see the Credit Suisse article this week on PNG and Japan .
Goldman states 2 events need to happen to remove the uncertainty . One a winner of the arbitration and second receive the payment later this year . They assume the lower GCA extimate and clearly state with a larger asset the payment rises as does the stock price .
So you need to wait for the pop from the asset payment and a year later the pop from FID and the pop as the plant opens . That's how to make money with Interoil .
And don't forget Antelope is not alone or they will do all of this over and over again.