'my2cows' pid='57234' datel Wrote:
'Gator' pid='57231' datel Wrote:
InterOil has a 36.5 percent stake in the project, while Oil Search holds about 23 percent.
InterOil has undergone a corporate reorganization and divested downstream assets in PNG to focus on the development of Elk-Antelope project.
Frankly I'm suprised at these levels a national oil/gas company from Japan or China hasn't bought Interoil. China if it bought Interoil, could have it longer term gas at 1/3 of the cost of Austrialian Gas. Pay 1/mcf for interoil, build their own plant ( 4/mcf for processing and shipping.) Seems like a no brianer
The fact this is a no brainer in itself tells us there must be lots going on under the surface in the commercial environment we know nothing about. We invest because we believe in what is under the surface in the geologic environment and believe there will be a strong and growing demand for energy in China, India and Southeast Asia, leaving for the time being questions about Japan's future growth and the status of its nuclear industry.