Year End results are out

[jft310]

Trying to get the link to work

[Palm]

http://www.interoil.com/iocfiles/documen...0Final.pdf

Here it is

[Palm]

And the presentation

http://www.interoil.com/iocfiles/documen...0Final.pdf

[jft310]

Thanks Palmducks. Computer skills asleep

[ebster123]

Interesting, $0.20/share profit and no mention of OilSearch that I can see. There is a bit about Total but no OilSearch for what it is worth.

[Palm]

Problem is the link to the 4th qtr financials on the website seems to be messed up. It brings up the 2Q financials. The notes to the financials are not included with the link on the main page so until they get the link on the Financials page fixed we can't see what the notes disclose. Haven't looked at SEDAR or SEC sites yet.

It appears based on what they do disclose that they have drawn $100 million on the Credit Suisse line at YE. Higher than I thought it would be since they did not spud anything until this month. In the notes it will give any terms on that note and whether they have to pay it back still immediately now that the deal is closed. They do use language about the $401 million that I think confirms they have not actually received the $401 million. My reading of the SPA indicates that they will not get that until Wednesday "on the 5th Business Day following Completion". Completion was the date of the SPA which was March 26. Until they receive that cash the deal is not final IMHO. Will have to see what they say about that in the CC.

[Palm]

The 40F is on the SEC site. Their notes on the Credit Suisse line state that they must repay the amount borrowed on that line on the earlier of April 30 or closing a deal on EA. They specifically state that with the March 26 deal they will have to repay anything outstanding. They confirm that at Dec 31 there had been $100 million drawn. Likely a bit higher now.

Here's the link
http://www.sec.gov/Archives/edgar/data/1...-index.htm

[Spartina]

Pre market up $1.59. 7:17am

[jft310]

On March 6, 2014, our applications for new petroleum prospecting licenses were approved with PPL 474
replacing PPL 236, PPL 475 replacing PPL 237, and PPL 476 and PPL 477 replacing PPL 238. When these
new licenses were approved, petroleum prospecting license commitments noted above as at December 31,
2013 were terminated and replaced with the new license commitments. The new commitments require us to
spend a total of $532.0 million over their six year term. The three wells, Wahoo-1, Raptor-1 and Bobcat-1, are
being drilled under the new licenses, and are part of the new drilling commitments.

[ArtM72]

Not sure any questions answered other than it is going to be IOCTOT v OSH in London. Spector wouldn't even give a clean statement if the first payment is coming from Total. Instead he said "once funds received" and McDougal from Westlake reply: "OK, great".

If Hession's three points of Stabilize, Monetize & Secure were taken out of the presentation it could have been over in 5 minutes. How many times did he repeat those three bullets?

Triceratops appraisal: March or April of 2015. No rush apparent there.