Hemi's Interoil Research Note - Winner Announced When??!!!

[admin]

I don't agree Hemi. It's my strong opinion that Bid contents will not be known until the deadline, which is usually 3 PM on the day of the Bid Closing. Every Bid I've ever been involved with in the Oil, Gas and PetChem industry (be it under $1 Million or over $1 Billion) had strict rules on when the sealed Binding Bids can be opened and viewed by the Owners/ Advisors. The Bids cannot be opened until the deadline because the opportunity/ temptation then exists for the viewers to inform the contents of the Bids to the folks who have not yet submitted their Packages. My question is .... 3 PM on February 28 in which Time Zone? I've been thinking Singapore, which would be 2 AM New York time on February 28 This would give IOC enough time to know a few details before the CC.

Thanx for the correction Starvos!

 Keep it on Ice,

Hemi

This is a process that has been going on for, well quite a while, and the bidders haven't negotiated with a wall, but with people from InterOil (as well as the IB's). While envelope's might or might not have been opened before the CC, It's difficult to imagine they will contain too many surprises for the (few) people from the company that have been involved in this process.

[bertl05]

"If you think they have a good deal, thats all that matters, if you think they dont, thats all that matters." The reaction will be swift either way and it's a shit or get off the pot situation.

As far as Im concerned its too late to make a "guess" regarding the SD. At this point either you believe mgmt is being upfont with their comments that the SD will be accretive, or you think they are full of it. Its been a long haul, I happen to think they have a reasonable SD in the $1.25 to $1.75 mcf area. Will the PPS go up a lot, or down? I have no idea. But a quality airtight deal will certainly prove the doubters wrong. Of course the next hurdle will be FID. That event seals the deal, whenever that occurs.