SA cc Transcript now available

[CAC]

In my opinion the pps of this stock is currently about one thing and one thing only...a deal.  Fundamentals don't matter, hiring a good leader doesn't matter, and what they say on a conference call doesn't matter (unless it includes the words "we made the deal".  We hyper-analyze the details of who said what on the cc but none of that caused the drop in pps. I'm not saying those things shouldn't matter, or that they won't eventually matter, but they don't right now.  With the stock currently susceptible to short manipulation, and growing expectations (at least partially fueled by "predictions" of those claiming to be in the know) that we are close to deal details, any event that could potentially result in a deal announcement, which doesn't, will have a predictable pps outcome. I think the cc was pretty good but Hession could have disclosed that last week he cured cancer; got rid of the designated hitter; and married Duma's daughter...and the pps would still have tanked.  We need a deal.

[/quote]

Agreed CAC - we have always needed the deals signed/announced. That never was going to happen in the CC.  That will happen with presser/photos likely from XOM's HQ's or PNG if Gov't approval is prerequisite of XOM's for announcement.  Combine apparent elevated deal expectation and the initially mis-understood interpretation that IOC had no LNG ambitions as opposed to what Hession clearly stated that 'IOC would seek non-operating LNG role' with typical post CC sell-off.  To blame the CC for a 10% sell-off is off-base and those promoting that claim have not provided any referene to any CC comments to support their case.

Where I disagree with you is I firmly believe that discriminating who said what in the CC is critical in maintaining as accurate snapshot of reality as we can have.  There will be events that precede the announcement and maybe we together will see them on our radar.  Is this a perfect indicator?  No way but it is the best we have and it will help calm the mkt. in the meantime as 'facts are friendly'.

[/quote]

******************

I don't disagree.  It's not what's driving the pps boat right now, but it certainly doesn't hurt. 

[Getitrt2]

Here's another perspective on Tuesday's drop most of you may have seen on Yazoo from supposedly a professional short who switched to the long side the last time it was in the high 60s. If you believe him, the content of the cc was irrelevant, other than the absence of a deal announcement allowing what was carried out.

"•short_em_hard short_em_hard • Aug 13, 2013 7:52 PM

It was a planned takedown by short hedges with side play option profits...but understand the deal is now more likely than ever.

Don't take it the wrong way - but many on this message board are so naive. This was a planned takedown as someone posted. They have it right... the criminal short hedge funds conspire days or weeks before earnings on a stock like this. They know people for some reason expect deal news - but of course you are naive if you expected that - because as someone else rightly said - a deal like this is so material there is zero chance it can be saved for an earnings call. it has to be announced immediately. The hedgers know that - so they short calls in the mid 80s and buy puts and then short some stock and then when AS PROFESSIONALS EXPECTED - a deal is not announced just because its earnings release day - the shorts machine gun this down with automated 100 and 200 lot sell orders - some between the short hedge firms themselves back and forth - they panic amateur longs and sink it well below anything on this call should sink IOC - but they are manipulating it down. Longs panic & sell or just freeze & don't buy the dip which is what they should be doing.
Then on the predetermined range (likely low 70s today) - they start buying calls, selling their puts and going long calls and short puts and then start covering. Some may actually go long. With IOC its easy as the premiums in the calls and puts are insane and its easy to knock this down on like 20,000 share machine gun as 80%+ percent of volume of this NYSE stock is NOT on the NYSE. Manipulation cubed. So I was ready for this - protected gains and absolutely loaded in the 71s and 72s when the call volume picked up and I noticed the reversal...its real easy. But make sure you understand one thing - today's dip was PLANNED on the expected lack of deal clarity - fully expected - and really had nothing to do at all with IOC fundamentals changing or likelihood of deal closing changing. In fact imo - the deal is now more likely than ever."

This is probably more correct than not, and it seems to me to have involved illegal manipulation.

[SeKreet]

Thanks Getitrt2 for this eye-opener! " border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/lightbulb.gif" />

[Dmarque]

[quote='ArtM72' pid='27213' dateline='1376523423'] Great call. Stock dropped 10% on no news. Methinks those tea leaves you've been reading are getting a little old. [/quote

As opposed to the past when CC was full of details and promises and great possibilities; and the stock still dropped 10%. Face it CCs for most stocks are accompanied by drops because overall they are cut and dry. Even Apple has given in to the fate of the CC. The tea leaves read by people who expect deal announcements and a doubling of the stock price are the leaves which are tainted. What we saw yesterday was fairly normal; the price over the last couple of weeks had gone up in anticipation of some big announcement; not realistic. So when reality hit, the price dropped back down and recovered a little today in an overall down market.

Read what the overall purpose is of a CC; basically to review the previous quarter, give some color on subsequent events and maybe give some forward guidance. Not deal announcements. Then it's up to shareholders and analysts to dig into the CC, financials, MD&A, etc. No tea leaves; a bit of reality.

************

In my opinion the pps of this stock is currently about one thing and one thing only...a deal.  Fundamentals don't matter, hiring a good leader doesn't matter, and what they say on a conference call doesn't matter (unless it includes the words "we made the deal".  We hyper-analyze the details of who said what on the cc but none of that caused the drop in pps. I'm not saying those things shouldn't matter, or that they won't eventually matter, but they don't right now.  With the stock currently susceptible to short manipulation, and growing expectations (at least partially fueled by "predictions" of those claiming to be in the know) that we are close to deal details, any event that could potentially result in a deal announcement, which doesn't, will have a predictable pps outcome. I think the cc was pretty good but Hession could have disclosed that last week he cured cancer; got rid of the designated hitter; and married Duma's daughter...and the pps would still have tanked.  We need a deal.

Sure the stock is subject to "Short Manipulation" but the CCs and essentially any news release is also subject to "Short Manipulation".  Time and again the BATTING HELMETS need to be put on as the distorted twisting of any news is applied thru a consistent process of conversion to a firehose of negativity.  Doesn't matter how good the news is....the short side of this story is ramped up to lightspeed to squeeze a negative spin to the delivery.  Perfectly thrown fast balls come from the mound but each and every time a big gob of Skol ends up on the laces before it gets to the plate.  LOW AND OUTSIDE!!!  At least here at Shareholders U a concerted effort is being made to keep the news free from SKOL GOBBERS....!!!

[ebster123]

Here's another perspective on Tuesday's drop most of you may have seen on Yazoo from supposedly a professional short who switched to the long side the last time it was in the high 60s. If you believe him, the content of the cc was irrelevant, other than the absence of a deal announcement allowing what was carried out. "•short_em_hard short_em_hard • Aug 13, 2013 7:52 PM It was a planned takedown by short hedges with side play option profits...but understand the deal is now more likely than ever. Don't take it the wrong way - but many on this message board are so naive. This was a planned takedown as someone posted. They have it right... the criminal short hedge funds conspire days or weeks before earnings on a stock like this. They know people for some reason expect deal news - but of course you are naive if you expected that - because as someone else rightly said - a deal like this is so material there is zero chance it can be saved for an earnings call. it has to be announced immediately. The hedgers know that - so they short calls in the mid 80s and buy puts and then short some stock and then when AS PROFESSIONALS EXPECTED - a deal is not announced just because its earnings release day - the shorts machine gun this down with automated 100 and 200 lot sell orders - some between the short hedge firms themselves back and forth - they panic amateur longs and sink it well below anything on this call should sink IOC - but they are manipulating it down. Longs panic & sell or just freeze & don't buy the dip which is what they should be doing. Then on the predetermined range (likely low 70s today) - they start buying calls, selling their puts and going long calls and short puts and then start covering. Some may actually go long. With IOC its easy as the premiums in the calls and puts are insane and its easy to knock this down on like 20,000 share machine gun as 80%+ percent of volume of this NYSE stock is NOT on the NYSE. Manipulation cubed. So I was ready for this - protected gains and absolutely loaded in the 71s and 72s when the call volume picked up and I noticed the reversal...its real easy. But make sure you understand one thing - today's dip was PLANNED on the expected lack of deal clarity - fully expected - and really had nothing to do at all with IOC fundamentals changing or likelihood of deal closing changing. In fact imo - the deal is now more likely than ever." This is probably more correct than not, and it seems to me to have involved illegal manipulation.

So very true, the sad part is the SEC sits and watches and does nothing of material impact or waits too long to do so. It is like a police officer watching a robbery and doing nothing but calling the station to say there is a robbery taking place (if the SEC even does that).  So pathetic but true.  Only a deal announcement will get rid of the fleas.  But, if it is not significant enough they will likely return to play their games some more.  Time will tell...

[petrengr1]

Here's the link: http://seekingalpha.com/article/1631952-...art=single

a couple of corrections on the Seeking Alpha transcript for David Holland:

David John Holland - General Manager Exploration & Production

Thank you, Michael. Good morning, everyone. It is a pleasure here to provide you with an update on our exploration activities and our forward plans.

In the second quarter of 2013, we have been undertaking a seismic program over the Triceratops field. This joint program is being undertaken across both PPL338 and PPL 237. And the data will provide valuable additional information on the northwestern portion of this new discovery. As the seismic crew completes this joint program, they will be moving on to a joint venture -- a PPL 237 joint venture program in PPL 237 and an Interoil program in PPL 238.

The PPL 237 program will focus on both new field opportunities, such as Raptor, which lies adjacent to and east of the Antelope field; and new targets in the west -- northwesternmost portion of that license. The PPL 238 seismic program will concentrate initially on a large gravity anomaly which lies on trend between Triceratops to the west and the Elk and Antelope fields to the east. As Michael has discussed, we are currently preparing to recommence drilling with an exploration well in PPL 236, which lies at the southeasternmost portion of our acreage.

The Wahoo-1 well. Now this well, the Wahoo-1 well, will test reefal carbonate prospects which were initially defined by surface geology and subsequently high-graded for seismic acquisition using airborne gravity and magnetic potential field data. The Wahoo and Mako prospects are an initial set of folded and faulted buildups analogous and correlative to the Antelope field.

The Wahoo and Mako prospects lie in our PPL 236 in a location where the Aure fault belt intersects the coast. Importantly, this provides an asset where the Wahoo-1 well lies approximately 9 kilometers from the coastline and in a location where the Hiritano Highway runs directly to the west of the prospect, connecting it to Port Moresby.

The Wahoo-1 well targets the northernmost of these 2 culminations within the combined Wahoo and Mako complex. This complex has a net closure of up to 53 square kilometers, and the prospect has a multi-TCF resource potential. With its coastal location and the presence of a road network, Wahoo-1 has the best logistics of any well in Papua New Guinea. A discovery here and the confirmation of shallow marine carbonate reservoir will have a major impact on the prospectivity of both PPL 236 and the southeasternmost portion of PPL 238. As we resume drilling program, I look forward to bringing you future updates on Wahoo-1 and the planned future wells in PPL 237 and PPL 238 as we finalize our seismic acquisition, seismic mapping and our well locations.

[Tree]

Fold need to actually read this CC and remember the original IOC/XOM exclusivity agreement. There should be no 'new excitement' that there are 2 deals being worked on. We do not need to grasp at straws for news, we just need to keep where we are today in perspective.

1) IOC/XOM SPA
2) Gulf LNG standalone project

(The tension is between XOM wanting >4.6T's gas and what would be left for Gulf LNG.)

May 24, 2013


Port Moresby and Houston, TX — InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company”) and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil (NYSE: XOM), on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the Government of PNG and any future agreement will be subject to their final approval.

Items under consideration include:

InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.’s Konebada site. There will be staged payments before and after production commences.
InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource.
InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd.

[jft310]

Fold need to actually read this CC and remember the original IOC/XOM exclusivity agreement. There should be no 'new excitement' that there are 2 deals being worked on. We do not need to grasp at straws for news, we just need to keep where we are today in perspective. 1) IOC/XOM SPA 2) Gulf LNG standalone project (The tension is between XOM wanting >4.6T's gas and what would be left for Gulf LNG.) May 24, 2013 Port Moresby and Houston, TX — InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company&rdquo and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil (NYSE: XOM), on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the Government of PNG and any future agreement will be subject to their final approval. Items under consideration include: InterOil and Pacific LNG selling ExxonMobil Papua New Guinea Ltd. an interest in PRL 15 that is sufficient to supply gas to develop an additional LNG train at ExxonMobil Papua New Guinea Ltd.’s Konebada site. There will be staged payments before and after production commences. InterOil and Pacific LNG will be funded to drill additional delineation wells in the Elk and Antelope fields, which will be followed by recertification of the resource. InterOil and Pacific LNG will have the optionality to either independently develop a second LNG project in the Gulf Province that may also use gas from PRL 15 and potentially other discoveries, such as Triceratops, or pursue further development with ExxonMobil Papua New Guinea Ltd.

good reminder to those that may not remembet