Sigh....New SA Slam Piece

[Palm]

IOC has certainly allowed enough holes in their history to be filled in by even the likes of Adam Gefvert. Think about that; an ex-online poker player is able to make a living writing crap articles.

GID

[arthurbell]

The nefarious thing in this kind of post is actually what isn't said, but implied. The implicit argument here is that since IOC hasn't been able to close a deal, something must be wrong with the resource, it isn't what it's supposed to be. If they make the argument explicit, it's up for testing, and one can burry it with independent resource evaluations, independently produced well data and the fact that no credible party has put forward a credible argument against these.

*********

I agree with your proposition that past failures to get a deal done don't allow one to conclude that IOC won't get a deal done now.  However, conversely, I think that past performance can be a fair tool in analyzing what might happen.  If nothinbg else, in my mind it does speak to "credibility" to some degree. 

I think the motivation for the story is less than pure, and it seems that these SA articles are having little or no effect on PPS these days...but I actually agree with the underlying concept.  IOC has been talking about a deal...and working towards a deal...and in some respects telling us a delay was close...for a very long time...without delivering.  There are lots of supportive explanations (some legitimate and some "rose-colored" for why the delays are understandable, but at some point isn't it fair to grade IOC on a pass-fail system?  Either they've succeeded...or they've just "tried hard".  I'm sick of hearing about how hard they have tried (and are trying).  It's time for them to get it done.         

I agree with the sentiment.  Articles from Motley Fool and Seeking Alpha like this do not do anything.  We have all lived with what was in today's article, it is just a little painful to see it all at once right there in black and white.   We do not need to be reminded or taunted as such.  I prefer my Interoil frustration in small bite size chunks.  It allows me to keep my belief in the resources and block out the noise.  I also am quite excited about Michael Hession.  But Phil Mulacek deserves huge credit also.  Let's not forget that.

[jft310]

The nefarious thing in this kind of post is actually what isn't said, but implied. The implicit argument here is that since IOC hasn't been able to close a deal, something must be wrong with the resource, it isn't what it's supposed to be. If they make the argument explicit, it's up for testing, and one can burry it with independent resource evaluations, independently produced well data and the fact that no credible party has put forward a credible argument against these.

*********

I agree with your proposition that past failures to get a deal done don't allow one to conclude that IOC won't get a deal done now.  However, conversely, I think that past performance can be a fair tool in analyzing what might happen.  If nothinbg else, in my mind it does speak to "credibility" to some degree. 

I think the motivation for the story is less than pure, and it seems that these SA articles are having little or no effect on PPS these days...but I actually agree with the underlying concept.  IOC has been talking about a deal...and working towards a deal...and in some respects telling us a delay was close...for a very long time...without delivering.  There are lots of supportive explanations (some legitimate and some "rose-colored" for why the delays are understandable, but at some point isn't it fair to grade IOC on a pass-fail system?  Either they've succeeded...or they've just "tried hard".  I'm sick of hearing about how hard they have tried (and are trying).  It's time for them to get it done.         

I agree with the sentiment.  Articles from Motley Fool and Seeking Alpha like this do not do anything.  We have all lived with what was in today's article, it is just a little painful to see it all at once right there in black and white.   We do not need to be reminded or taunted as such.  I prefer my Interoil frustration in small bite size chunks.  It allows me to keep my belief in the resources and block out the noise.  I also am quite excited about Michael Hession.  But Phil Mulacek deserves huge credit also.  Let's not forget that.

Phil M hired Dave Holland and together they found the String of Pearls.

[jft310]

Did he write anything that was incorrect?... It's all in how you look at things. Time matters!

That's a fairly stupid question, Hoosier. If you really think that just because no deal has been done, no deal will be done, then go ahead an point out any other 9T+ conventional resource which isn't monetized . If you really think Merril Lynch is renowned for their LNG plant capacity, if you really think IOC was ready to do a deal in 2006 when they had just one discovery well, if you really ignore independent resource evaluations or reasons why deals have not been consumated, etc. etc. then I'm sort of starting to wonder what you are doing here because it isn't hard with a minimal of DD, much of which you can find here, to see this article for what it is.

Well Admin... I am not as smart as you are, so let me apologize for the stupid question...

I have held your past posts, administration, and fairly well tempered demeanor in high regard... but I believe you have your head stuck to far up to see anything but what you want.

I did not imply anything that you stated... It was simple in that what he wrote was not incorrect... irrelevant to whether or not it was complete... and that it is then how you choose to look at it.... or don't you get it.

CAC has clearly conveyed it... and as Palm states and as I have stated ...It's time to get it done.... and time matters.

I guess I'll respond in kind... I think your response is stupid!

Industry standard is 4-6 months  for a deal  like this . O' Neil stated in 30-60 days we will know more!What date starts the process that clock ?Is it May 24th? Logic says earlier than that.When?Exxon states wants to close the deal. Argues for now through end of Sept as a guess for a deal announcement. Exxon surely wants these assets on the books by year end which requires a closing post deal announcement sooooooooon!

[SeKreet]

 ... Either they've succeeded...or they've just "tried hard".  I'm sick of hearing about how hard they have tried (and are trying).  It's time for them to get it done.         

Hear hear!