Chandler Corporation Announces the Purchase of Common Shar

[Gator]

Chandler Corporation Announces the Purchase of Common Shares of InterOil

Corporation

SINGAPORE, Nov. 19, 2013 /CNW Telbec/ - The Chandler Corporation announced

today that Orchid Capital Investments Pte. Ltd. ("Orchid") has, on 18 November

2013, acquired beneficial ownership of 183,676 common shares (the "Purchased

Shares") in the capital of InterOil Corporation (the "Issuer"), representing

approximately 0.3761% of the issued and outstanding common shares of the

Issuer.  As a result of this purchase, Orchid's shareholding in the Issuer is

now an aggregate of 9,520,687 common shares of the capital of the Issuer,

representing approximately 19.4999% of the issued and outstanding common

shares of the Issuer. The Purchased Shares were purchased through the

facilities of the New York Stock Exchange at an average price of US$92.2996

per common share.

As a result of this acquisition and pursuant to applicable Canadian securities

laws, each of Chandler Holdings Limited ("CHL"), CHL's sole shareholder,

Chandler Corporation ("CC"), CC's sole shareholder, Athena Holdings Limited

(in its capacity as trustee of the Chandler Group Trust, a discretionary

trust) and CHL's direct wholly-owned subsidiary, Chandler Capital Pte. Limited

("CCPL") (which owns all of the shares of Orchid), is deemed to beneficially

own the Purchased Shares. CHL exercises control and direction over the

Purchased Shares.

The Purchased Shares were acquired in the ordinary course of business. Orchid,

CCPL, CHL, CC and Athena Holdings Limited (in its capacity as trustee of the

Chandler Group Trust, a discretionary trust) may, from time to time and at

any time, subject to applicable securities laws, acquire additional common

shares of the Issuer and/or other equity, debt or other securities or

instruments (collectively, "Securities") of the Issuer in the open market or

otherwise may dispose of any or all of its Securities in the open market or

otherwise, at any time and from time to time, and to engage in any hedging or

similar transactions with respect to the Securities, in each case subject to

applicable securities laws.

About the Chandler Corporation

The Chandler Corporation is an international investment group founded by New

Zealand entrepreneur Richard Chandler. Since 1986 the Chandler Corporation has

invested globally in public and private equity across a range of industry

sectors, including financial services, energy, consumer, and healthcare. The

Chandler Corporation distinguishes itself through its understanding of market

cycles, value, and risk, bringing a long-term perspective to all of its

investments. The Chandler Corporation also places a special emphasis on

supporting corporate governance and responsible investment as crucial elements

of business sustainability and increasing stakeholder value.

SOURCE  Chandler Corporation

A copy of the report prepared in connection with the matters disclosed  herein

in accordance with applicable Canadian securities laws will be  available

at www.sedar.com.

For more information, please visit: www.chandlergroup.com

For media enquiries please contact: Yuan See Lim Partner, Newgate

Communications Email: yuansee.lim@newgatecomms.com.sg Tel: +65 6532 0606

To view this news release in HTML formatting, please use the following URL:

http://www.newswire.ca/en/releases/archive/November2013/19/c8800.html

CO: Chandler Corporation

ST: Quebec

NI: 2523 FIN

[Palm]

Wow, great find Gator and thanks for that. So Wednesday, Thursday, Friday and yesterday he reels in an additional 1 million+ new shares. Now why would he be doing this? Maybe based on Hession's comments last week; one of which was, "What gives me more confidence about this, I talk about independent verification a lot, I talk about delivery a lot. What we see is independent verification from the GCAs -- sorry, from the Gaffney Clines of the world to the GLJs, independent verification of a team that I've brought in -- and independent verification, I think, comes from the fact that these assets have been sought by a number of the highest-quality oil and gas companies on the planet, the mega majors. They covet these assets..." "Covet"; that's a pretty strong word.

"So where are we today? Well, we have offers. We have offers from a number of mega majors, and that believes -- that leads me to believe that we can do this deal by the end of the year. That's the first time that I've gone out and said, and given a timeline as to when we'll do this deal.

The reason I haven't done that before is we were trying to understand the deal. Had to bring in the team to understand the deal. What gives me confidence is the team that I work with have done these things before, and myself and the team believe that we can do this deal by the end of the year.

Where we are at the moment is, we are in parallel negotiations with a number of mega majors. These parallel negotiations are reaching conclusion. I'd say that we're in the home straight. They are ongoing at the moment. They're ongoing at the moment in Singapore, and I'm very confident that the finish line is in sight. We are close.

Now, a major part of this whole process is bringing and working with the Papua New Guinean government. They are integral to the success. We have a degree of responsibility to Papua New Guinea, and that's been part of the process. And I myself, I spend in excess of 50% of my time in Papua New Guinea, working with the stakeholders, taking them through where we are and making sure that those stakeholders are really comfortable with what we're doing.

So for instance, I've spent time with Prime Minister O'Neill, the Minister of Energy Mr. Duma, Governor Kavo, Minister Micah and several other very important stakeholders in the country. We're part of a team here, and you should probably gather the team ethic is quite important to me, and we're part of a team with PNG. So the Papua New Guinean government know where we are. They know how close we are, and they've been extremely supportive. Extremely supportive. I've been very, very pleased about the degree of support I've got from all levels, and that's from the political levels right through to the bureaucracy to the local community sitting within Governor Carvo's [ph] domain.

So I'll reiterate once more that the finish line is in sight.

I've used the quote before internally, "Every day is a possible finish date." That's what happens when you're in parallel negotiations with mega majors who do cover these assets, and there is a degree of competition. Now what I've done is with the mega majors in question, I've respected confidentiality, I've got no intention of going out and have no intention of going out and negotiating this in the public domain. I think that works best, and adds more value for everyone around the table, and it helps us get it to the right outcome. So we're close, very close, indeed."

Chandler and many others really like these words and know what they mean.