Way Forward - Vote YES

[Tree]

That is absolute bullshit Tree. A YES vote sells the company to OSH under the terms of the deal A NO vote is not void. A NO vote VOIDS THE TRANSACTION which is what we want. In your post you have done EXACTLY what Peter Botten and Michael Hession wanted you to do: conflate and confuse the matter at hand. Hard to restrain myself from a personal attack at this point but I will.

Art, you are correct and Tree is either dreaming or deliberately misleading.

The Vote is very specifically for OSH and does NOT have any grandfathering provision that would allow a new bidder to be naturally installed in place of OSH.

The wording of the proxy is not ambiguous in this regard. 

The Proposal in the Proxy is this:

"TO CONSIDER, AND, IF DEEMED ADVISABLE, TO PASS, WITH OR WITHOUT VARIATION, A SPECIAL RESOLUTION, THE FULL TEXT OF WHICH IS SET FORTH IN SCHEDULE B TO THE MANAGEMENT INFORMATION CIRCULAR OF INTEROIL DATED JUNE 24, 2016 (THE "INFORMATION CIRCULAR", APPROVING A STATUTORY PLAN OF ARRANGEMENT UNDER SECTION 195 OF THE BUSINESS CORPORATIONS ACT (YUKON) INVOLVING INTEROIL AND OIL SEARCH LIMITED, ALL AS MORE PARTICULARLY DESCRIBED IN THE INFORMATION CIRCULAR."

There is no way that XOM could be legally inserted to replace "OIL SEARCH LIMITED"

Tree: Which is it? Are you uninformed, or deliberately misleading?

I almost never call a fellow poster out directly, but you yeed to get your facts straight.

Which one is it Oliver?  It's the one where you and Art are 100% dead wrong. Are you foolish or are you blinded by bitterness?  Art could not understand my post and neither do you.

Again, a yes vote is a vote to approve the deal recommended by BOD.  The BOD will recommend the deal they deem as Suoerior.  It's up to BOD, not SHU posters determine the best available offer.

A YES vote is only an endorsement of the deal recommended by IOC Board.  After scrutiny of 36 options/offers IOC BOD deemed OSH the Superior initial Offer.  A YES vote is an endorsement of that OSH sale recommendation.  A NO vote was  a refute of the BOD recommendation

Since BOD has deemed XOM the Superior Offer, that XOM offer is the issue to be voted upon in the future if it stands as Superior. We do not, cannot and will not be asked to vote yes or nor or maybe on the original OSH deal by July 28, unless XOM walks. Your NO notes to OSH deal are void, unless XOM walks and no one else tops OSH offer.

OSH has until 7/21/16 counter or walk away.

If XOM recommended offer stands after 7/21/16 then a new vote date will be announced. Bidders will have until that vote date to submit a Superior Offer. This could go on for months.

We will be asked to endorse or not endorse the BOD recommended Superior Offers as they rise to the top and the name of entity will keep changing until no other bidders exist