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Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
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'jft310' pid='18067' datel Wrote:
Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
Our Board of Directors ASPIRES to meet our advisors during March 2013 for the AIM of evaluating bids received and selecting our partner(s)
purpose noun aim, ambition, application, aspiration, avail, basis, constancy, deliberation, design, desire, desired result, destination, determination, direction, doggedness, drive, eagerness, end, expectation, final cause, firmness,force, function, goal, guiding principle, hope, idea, intended result, intent, intention, mens, mission, mooivating idea,motive, object, objective, perseverance, plan, point, propositum, resolution, resolve, service, significance,singleness, target, tenacity, use, voluntariness, will, wish, zeal
intend verb aim, aspire to, be determined to, cogitare, design, desire, determine upon, drive at, elect, endeavor,expect, fix the mind upon, harbor a design, have in mind, have in view, mean, plan, presume, propose, purpose,resolve, scheme, set as a goal
**********
Mix/Match any synonyms you like.
That clearly written sentence leaves much wiggle room. Absolute control of future events is not IOC's. How long is a string again??
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'Tree' pid='18074' datel Wrote:
'jft310' pid='18067' datel Wrote:
Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
Our Board of Directors ASPIRES to meet our advisors during March 2013 for the AIM of evaluating bids received and selecting our partner(s)
purpose noun aim, ambition, application, aspiration, avail, basis, constancy, deliberation, design, desire, desired result, destination, determination, direction, doggedness, drive, eagerness, end, expectation, final cause, firmness,force, function, goal, guiding principle, hope, idea, intended result, intent, intention, mens, mission, mooivating idea,motive, object, objective, perseverance, plan, point, propositum, resolution, resolve, service, significance,singleness, target, tenacity, use, voluntariness, will, wish, zeal
intend verb aim, aspire to, be determined to, cogitare, design, desire, determine upon, drive at, elect, endeavor,expect, fix the mind upon, harbor a design, have in mind, have in view, mean, plan, presume, propose, purpose,resolve, scheme, set as a goal
**********
Mix/Match any synonyms you like.
That clearly written sentence leaves much wiggle room. Absolute control of future events is not IOC's. How long is a string again??
Long enough to tie a knot.
Toot Toot
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'Tusker' pid='18075' datel Wrote:
'Tree' pid='18074' datel Wrote:
'jft310' pid='18067' datel Wrote:
Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
Our Board of Directors ASPIRES to meet our advisors during March 2013 for the AIM of evaluating bids received and selecting our partner(s)
purpose noun aim, ambition, application, aspiration, avail, basis, constancy, deliberation, design, desire, desired result, destination, determination, direction, doggedness, drive, eagerness, end, expectation, final cause, firmness,force, function, goal, guiding principle, hope, idea, intended result, intent, intention, mens, mission, mooivating idea,motive, object, objective, perseverance, plan, point, propositum, resolution, resolve, service, significance,singleness, target, tenacity, use, voluntariness, will, wish, zeal
intend verb aim, aspire to, be determined to, cogitare, design, desire, determine upon, drive at, elect, endeavor,expect, fix the mind upon, harbor a design, have in mind, have in view, mean, plan, presume, propose, purpose,resolve, scheme, set as a goal
**********
Mix/Match any synonyms you like.
That clearly written sentence leaves much wiggle room. Absolute control of future events is not IOC's. How long is a string again??
Long enough to tie a knot.
Toot Toot
'Boy, ya can mess with me pps.........NEVER EVER.........mess with my Toot Toot!'
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Come on, tree. What is your problem with all this?
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'Getitrt2' pid='18094' datel Wrote:Come on, tree. What is your problem with all this?
No problem with it Getit. Facts are friendly. Our deal selection will come like a 'thief in the night' and IOC cannot has not told us what night or nights yet. That's all. Everyone needs to understand that, options players too.
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'Tree' pid='18097' datel Wrote:
'Getitrt2' pid='18094' datel Wrote:Come on, tree. What is your problem with all this?
No problem with it Getit. Facts are friendly. Our deal selection will come like a 'thief in the night' and IOC cannot has not told us what night or nights yet. That's all. Everyone needs to understand that, options players too.
And so all realize, this wording in the 40-F has been dropped - "and selecting our partner(s), officially dropped in today's official PR about bid period closing .
That exact phrasing was misinterpreted widely as many first assumed partners were to be selected in 'the first week of March' and then 'in the month of March.' I'm glad IOC PR yanked that wording. We will get the selection announcement anytime and it will blindside shorts when it comes.
Could be next week or next month. Not even IOC knows yet. All good IMO.
ADVISORS CONFIRM RECEIPT OF BIDS TO PARTNER WITH INTEROIL
IN ITS GULF LNG PROJECT IN PAPUA NEW GUINEA
Port Moresby and Houston, TX, March 1, 2013
: InterOil Corporation (NYSE:IOC)
(POMSoX:IOC) is pleased to announce that its advisors have informed the Company that several
bids to partner with InterOil in its Gulf LNG project have been received. Our advisors are now
evaluating the submissions.
The InterOil Board of Directors will meet the Company’s advisors during March 2013 for the
purpose of evaluating bids received for the development of the Gulf LNG Project utilising gas from
the Elk and Antelope fields in Papua New Guinea.
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Tree, I have never played IOC options and never will.
I agree the timing is not definite or precise, and could not and should not be; and I have no problem with having a few laughs. However, I got the impression you might be mocking and downplaying the statement and language and provider of it. The "how long is a string" comment was not in response to this precise subject and is contradicted by what they are saying (during March). I think "intends" is stronger than "aspires", and note that "intends" has been replaced in the PR with "will", which, of course, is even stronger. I think "selecting" is understood as part of evaluating, with its omission not meaning much of anything.
"We will get the selection announcement anytime and it will blindside shorts when it comes." "Good", and agreed, amen!
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'jft310' pid='18067' datel Wrote:
Asset sell down process:
- Throughout the year, investment bankers led by Morgan Stanley & Company LLC, Macquarie Capital (USA) Inc. and UBS AG continued working on the bid process to seek a strategic partner to acquire an interest in the Elk and Antelope fields, the LNG Project and certain exploration licenses.
- Subsequent to year end, on January 24, 2013, we announced that we have advised bidders with whom we have been in discussions that the final binding bid solicitation period for the partnering process currently being undertaken will close on February 28, 2013. Our Board of Directors intends to meet our advisors during March 2013 for the purpose of evaluating bids received and ****selecting our partner(s) for the development of the LNG Project utilizing gas from the Elk and Antelope fields.*****
- We have made significant progress with pre-FEED and FEED engineering studies, construction of roads and camps, social mapping and genealogical studies, which will assist in the final partnering and project execution.
- During the year, we have extended the dates in the CSP agreements with Mitsui to provide flexibility for FID.
- During the year, we extended the dates in the contingent LNG Project agreements with EWC to provide flexibility for partner selection and FID.
- The conditional framework agreement with Samsung Heavy Industries and FLEX LNG related to the construction and operation of a planned 2 million tonnes per annum floating LNG processing vessel was not renewed.
Not very much doubt there.
Heres the 40-F language filed with the SEC and Sedar. States select in March, Could it slip well OF COURSE!
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