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[Kaliboo]

Hi folks!  I hope everyone is doing well (dissenters AND settlers).  Like some of you I dissented, but then accepted the cash offer as I couldn't justify continuing to chase this.  I hope dissenters are successful.  I contacted Computershare last week regarding the CRP.  They responded back with the attachment (a May status report) and as 2126 correctly stated, they will update us around August 22.

Once Computershare is notified, two 10 day clocks kick in.  Given Fidelity's bumbling, if there is a payment, I'm not expecting it too land in my account until October, maybe late September.

Note: Since my shares were with Fidelity in a 401K account and I dissented, Fidelity had problems when they finally got the check for the shares, although I had prepared them and had thorough discussions.  Fidelity then mailed the check to me and asked me what to do with it.  They were too lazy I guess to review all the notes in the file.  Anyway, I sent an email to Computershare to ensure the check is mailed to the corrected Fidelity address and to add more info in the Note section of the check that this was for the InterOil settlement.  The check is made out to my 401K account and not me directly to avoid a tax event.  All of this added an extra 3+ weeks to get the check into the account.  Don't want to repeat that with the possible, but doubtful CRP payment (did I reveal my expectation?).

Any pink shirt sightings?

Best wishes to all,

Kaliboo

Here's the response from Computershare:

The attached periodic report is hereby provided to CRP Holders by Computershare Trust Company, N.A. pursuant to Section 6.02(i) of the Contingent Resource Payment Agreement dated February 22, 2017. We expect to receive another report on or about August 22^nd.

In addition, below a timeline for the Resource Certification and CRP Payout (assuming Payment Condition is satisfied):

Under the terms of an arrangement between InterOil and ExxonMobil that closed February 22, 2017, Shareholders and RSU Holders (collectively, “Holders&rdquo received, in exchange for each InterOil Common Share, (i) a fraction of an ExxonMobil Share and (ii) an amount of cash (referred to as the CRP) that was paid into escrow.  Your CRPs are evidenced by escrow verification receipts (EVRs) in a register maintained by Computershare as escrow agent. 

The CRP was paid into escrow because it is subject to a post-closing adjustment that is linked to a certification of the volume of the PRL 15 2C Resources.

The verification process has commenced.  Below are further details on the final settlement of the post-closing adjustment for the CRPs.

1. Payment Condition must be met for Holders to receive a CRP Payout as final settlement of the post-closing adjustment.  Payment condition is met if:
   
   1. The interim Resource Certification is completed, and
   2. Volume of PRL 15 is determined to be greater than 6.2 Tcfe

To clarify, if the volume of the PRL 15 2C Resources is 6.2 tcfe or less, no CRP Payout will be distributed to the Holders.

2. When the Payment Condition is satisfied, the following must occur within 10 Business Days:
   
   1. CRP 3.05 (a), page 10: EM Canada Holdings ULC [Acquisition Co.] will deliver to the Holder Committee and Computershare [Escrow Agent] an Achievement Certificate in writing stating that the Payment Condition is satisfied and including:

                                       i.    Amount of aggregate CRP payment

                                      ii.    Amount of distributable CRP payment

                                     iii.    Amount of loan proceeds payment

3. CRP 3.05 (b), page 10-11: After Computershare receives the Achievement Certificate, Computershare will within 10 Business Days
   
   1. Pay each EVR Holder by check, mailed first-class postage prepaid to their address (or by any other method provided by the holder to Computershare in writing), and
   2. Include a copy of the Achievement Certificate with the payment