Few quick notes from call

[jft310]

There are Hession reasons for dealing with well results the way he has chosen. We only see part of the picture.
Focus on whats known we have enough gas for a 2 train or 3 train LNG plant. Wahoo is cream. Why focus on the cream?
Do a discounted cash flow of $250 per share in late 2020 Mike.Interest rates are low. Maybe a discount of 8%.
Tell us what that number is Mike.

[Palm]

And they are not bringing all of these industry people in as employees and directors to put the company up for sale. That is Hession's message as the money people come back from vacation. Chances of a buyout as an investment strategy are not very good. If that's what one is looking/hoping for, he/she will only grow more frustrated and the reason for holding on for that makes little investment sense.

[CAC]

There are Hession reasons for dealing with well results the way he has chosen. We only see part of the picture. Focus on whats known we have enough gas for a 2 train or 3 train LNG plant. Wahoo is cream. Why focus on the cream? Do a discounted cash flow of $250 per share in late 2020 Mike.Interest rates are low. Maybe a discount of 8%. Tell us what that number is Mike.

******

Whooa there, JFT.   Your representation that it is "known" that "we have enough gas for a 2 or 3 train LNG plant"...is pattently false.  Nobody at Interoil has ever said anything like that.  Let's stick to real facts instead of misleading puffery. 

[Getitrt2]

Every Tcf in new resource discovery will create $1 billion in "value" for InterOil, but I do not recall a specific definition for that.

On Wahoo, team is reviewing all aspects, well engineering, equipment, rig, etc., and a "plan is coming together". Drilling to date has confirmed large quantities of gas before even getting into the reservoir, and they have every intention of completing drilling into the reservoir and confirming what is there.

InterOil has the largest position in one of the largest and most prospective remaining hydrocarbon basins in the world, the kind of position oil and gas majors look for and an extremely unusual position for a company the size of InterOil, E/A and that being the primary reasons he and his team came to InterOil. They see "tens" of Tcfs of resource potential. When you look at E/A, Antelope Deep, which looks like it could be another Antelope, and Triceratops, where they see significant upside, he is very confident of starting with two trains, and for PNG making that five trains with PNG LNG, and sees beyond that six, seven, or more trains, which is huge for PNG and InterOil. Furthermore, the Company is in this great position with plenty of capital, in the form of cash, cash to come, carry funding from Total, and financing, to accomplish all this including aggressive exploration, without having to raise equity financing.

They have continued expanding seismic at E/A and have 40% more than at last reporting, and it looks very positive so far. They are already talking about a possible Antelope 6, and it sounded like there's a good probability of drilling that, probably to the East. It sounds like they are being very aggressive in appraisal of PRL 15 as they look toward next year's certification.

Dave Holland is phenomenal and has probably forgotten more about PNG geology than anyone else will ever know.

Laurie Brown (?) has now joined the Company.

[kommonsents]

Every Tcf in new resource discovery will create $1 billion in "value" for InterOil. On Wahoo, team is reviewing all aspects, well engineering, equipment, rig, etc., and a "plan is coming together". Drilling to date has confirmed large quantities of gas before even getting into the reservoir, and they have every intention of completing drilling into the reservoir and confirming what is there. InterOil has the largest position in one of the largest and most prospective remaining hydrocarbon basins in the world, the kind of position oil and gas majors look for and an extremely unusual position for a company the size of InterOil, E/A and that being the primary reasons he and his team came to InterOil. They see "tens" of Tcfs of resource potential. When you look at E/A, Antelope Deep, which looks like it could be another Antelope, and Triceratops, where they see significant upside, he is very confident of starting with two trains, and for PNG making that five trains with PNG LNG, and sees beyond that six, seven, or more trains, which is huge for PNG and InterOil. Furthermore, the Company is in this great position with plenty of capital, in the form of cash, cash to come, carry funding from Total, and financing, to accomplish all this including aggressive exploration, without having to raise equity financing. They have continued expanding seismic at E/A and have 40% more than at last reporting, and it looks very positive so far. They are already talking about a possible Antelope 6, and it sounded like there's a good probability of drilling that, probably to the East. It sounds like they are being very aggressive in appraisal of PRL 15 as they look toward next year's certification. Dave Holland is phenomenal and has probably forgotten more about PNG geology than anyone else will ever know. Laurie Brown (?) has now joined the Company.

Nice post, Getit.

It's been a long time since we've seen something like this from you where you aren't in someone's face.  I hope we see more like it.

[jft310]

There are Hession reasons for dealing with well results the way he has chosen. We only see part of the picture. Focus on whats known we have enough gas for a 2 train or 3 train LNG plant. Wahoo is cream. Why focus on the cream? Do a discounted cash flow of $250 per share in late 2020 Mike.Interest rates are low. Maybe a discount of 8%. Tell us what that number is Mike.

******

Whooa there, JFT.   Your representation that it is "known" that "we have enough gas for a 2 or 3 train LNG plant"...is pattently false.  Nobody at Interoil has ever said anything like that.  Let's stick to real facts instead of misleading puffery. 

Sorry CAC heres the facts

Oil Search paid for 7 T's which is sufficient for a 2 train plant

GLG/Knowledge Reservoir and even GCA the low ball state at least 7 T's or enough for a 2 train plant

You call that puffery but Oil Search paid cold hard cash for the T's, Three reservoir engineering firms state at least 7 T's.

Sorry 7 T's gets ya a 2 train plant,

Hint Hession laughed at enough gas. Stated Antelope is not alone on the call. The additional gas is not needed.

Phil M states 15 T's at E/A,Henry Aldorf states 12-16 T's on a utube video at E/A, Schlumberger states at least 10 T's at E/A

Appears the votes are in and the experts think enough for a 2 train plant.

[Getitrt2]

Every Tcf in new resource discovery will create $1 billion in "value" for InterOil. On Wahoo, team is reviewing all aspects, well engineering, equipment, rig, etc., and a "plan is coming together". Drilling to date has confirmed large quantities of gas before even getting into the reservoir, and they have every intention of completing drilling into the reservoir and confirming what is there. InterOil has the largest position in one of the largest and most prospective remaining hydrocarbon basins in the world, the kind of position oil and gas majors look for and an extremely unusual position for a company the size of InterOil, E/A and that being the primary reasons he and his team came to InterOil. They see "tens" of Tcfs of resource potential. When you look at E/A, Antelope Deep, which looks like it could be another Antelope, and Triceratops, where they see significant upside, he is very confident of starting with two trains, and for PNG making that five trains with PNG LNG, and sees beyond that six, seven, or more trains, which is huge for PNG and InterOil. Furthermore, the Company is in this great position with plenty of capital, in the form of cash, cash to come, carry funding from Total, and financing, to accomplish all this including aggressive exploration, without having to raise equity financing. They have continued expanding seismic at E/A and have 40% more than at last reporting, and it looks very positive so far. They are already talking about a possible Antelope 6, and it sounded like there's a good probability of drilling that, probably to the East. It sounds like they are being very aggressive in appraisal of PRL 15 as they look toward next year's certification. Dave Holland is phenomenal and has probably forgotten more about PNG geology than anyone else will ever know. Laurie Brown (?) has now joined the Company.

Nice post, Getit.

It's been a long time since we've seen something like this from you where you aren't in someone's face.  I hope we see more like it.

Thanks, but it sounds like a rather back-handed "compliment"; maybe you need to go back and reread some other postings by me.  It seem like it's been a long time since I've seen a posting from you where you were not in my face, and I hope to see more like it.

[wapitidropiti]

Every Tcf in new resource discovery will create $1 billion in "value" for InterOil. On Wahoo, team is reviewing all aspects, well engineering, equipment, rig, etc., and a "plan is coming together". Drilling to date has confirmed large quantities of gas before even getting into the reservoir, and they have every intention of completing drilling into the reservoir and confirming what is there. InterOil has the largest position in one of the largest and most prospective remaining hydrocarbon basins in the world, the kind of position oil and gas majors look for and an extremely unusual position for a company the size of InterOil, E/A and that being the primary reasons he and his team came to InterOil. They see "tens" of Tcfs of resource potential. When you look at E/A, Antelope Deep, which looks like it could be another Antelope, and Triceratops, where they see significant upside, he is very confident of starting with two trains, and for PNG making that five trains with PNG LNG, and sees beyond that six, seven, or more trains, which is huge for PNG and InterOil. Furthermore, the Company is in this great position with plenty of capital, in the form of cash, cash to come, carry funding from Total, and financing, to accomplish all this including aggressive exploration, without having to raise equity financing. They have continued expanding seismic at E/A and have 40% more than at last reporting, and it looks very positive so far. They are already talking about a possible Antelope 6, and it sounded like there's a good probability of drilling that, probably to the East. It sounds like they are being very aggressive in appraisal of PRL 15 as they look toward next year's certification. Dave Holland is phenomenal and has probably forgotten more about PNG geology than anyone else will ever know. Laurie Brown (?) has now joined the Company.

Nice post, Getit.

It's been a long time since we've seen something like this from you where you aren't in someone's face.  I hope we see more like it.

Yes nice post Getit. Your comment about wahoo's drilling already confirming large quantities of gas was new news to me. Isn't large quantities of gas above the target zone a precursor to oil?

[CAC]

[quote='jft310' pid='49086' dateline='1409669911'] There are Hession reasons for dealing with well results the way he has chosen. We only see part of the picture. Focus on whats known we have enough gas for a 2 train or 3 train LNG plant. Wahoo is cream. Why focus on the cream? Do a discounted cash flow of $250 per share in late 2020 Mike.Interest rates are low. Maybe a discount of 8%. Tell us what that number is Mike.

******

Whooa there, JFT.   Your representation that it is "known" that "we have enough gas for a 2 or 3 train LNG plant"...is pattently false.  Nobody at Interoil has ever said anything like that.  Let's stick to real facts instead of misleading puffery. 

Sorry CAC heres the facts

Oil Search paid for 7 T's which is sufficient for a 2 train plant

GLG/Knowledge Reservoir and even GCA the low ball state at least 7 T's or enough for a 2 train plant

You call that puffery but Oil Search paid cold hard cash for the T's, Three reservoir engineering firms state at least 7 T's.

Sorry 7 T's gets ya a 2 train plant,

Hint Hession laughed at enough gas. Stated Antelope is not alone on the call. The additional gas is not needed.

Phil M states 15 T's at E/A,Henry Aldorf states 12-16 T's on a utube video at E/A, Schlumberger states at least 10 T's at E/A

Appears the votes are in and the experts think enough for a 2 train plant.

********

I agree that many experts think there will end up being enough gas for 2 trains (or more)...but thats' not what you said.  There's a reason more wells are being drilled.  There's a reason TOT isn't building the 2-train plant as we speak.  We are all optimistic and hopeful...but your statement that it is "known" was false.    

[jft310]

Bernstein also states they think IOC has enough for a 2 train plant. On todays call an independent Singapore firm reported after review of the data they thought the formation would have excellent recovery of gas assets.
Not much puffery in those comments.