Throwback Thursday

[Gator]

http://shareholdersunite.com/mybb/showthread.php?tid=6330&highlight

Petrengr1 is the most respected poster on this board. I am highlighting one of his posts from a year and a half ago to show the lack of progress InterOil has made with certification in the past 12 months.  (It was posted April 1, 2014 so maybe it was Pets idea of an April Fools joke).

[jft310]

Of course the drop in oil price also had no effect . LOL.
Exploration is an exact science can easily be predicted and controlled. LOL.
Some would prefer no estimates of time ??LOL..
Interoil is a little company with many balls in the air . Not cash rich .
It's normal in the exploration business for time lines to slip . Just read other exploration companies estimates and what happens .
Exxon moved back their LNG plant build date on PNG . Changed their monetization strategy several times . Remember the pipeline to Australia?
This drum beat is not helpful..

[freddiekingman]

Of course the drop in oil price also had no effect . LOL.
Exploration is an exact science can easily be predicted and controlled. LOL.
Some would prefer no estimates of time ??LOL..
Interoil is a little company with many balls in the air . Not cash rich .
It's normal in the exploration business for time lines to slip . Just read other exploration companies estimates and what happens .
Exxon moved back their LNG plant build date on PNG . Changed their monetization strategy several times . Remember the pipeline to Australia?
This drum beat is not helpful..

If they keep shorting this thing we will be in our 20-ies again...LOL!

[Gator]

JFT,

You have stated many times certification has nothing to do with the price of oil. The delay's, lack of clarity as to when IOC will get paid is killing the stock. We are down 50% this quarter because InterOil has pushed back certification with no explanation. You can continue to be a cheerleader and wave you pom pom's that everything is great, but I feel every shareholder should let management know they will not accept any further delays.

[Getitrt2]

I don't give a crap what you "feel" any more and do not appreciate your over-simplified and distorted/false "no explanation" and "because" complaints, and will no longer be responding with previously posted facts, etc. Try re-reading them if seriously interested. This has been discussed and beaten to death ad infinitum, and your repetitious crap is totally useless, or worse, at this point. I really have to wonder, what is your objective?

[petrengr1]

http://shareholdersunite.com/mybb/showthread.php?tid=6330&highlight

Petrengr1 is the most respected poster on this board. I am highlighting one of his posts from a year and a half ago to show the lack of progress InterOil has made with certification in the past 12 months.  (It was posted April 1, 2014 so maybe it was Pets idea of an April Fools joke).

Thanks Gator. Please note that this forecast was from the Company and not from me. The reason we are running so far behind is that it took “forever” to drill Raptor-1, Bob Cat-1, Wahoo-1 and Antelope-4 instead of the 90 days they predicted.

On a more current subject they told us on August 13th that they had reached TD at Triceratops-3 and were preparing to log. They bragged about how quickly they got this well drilled but it has been 28 days since reaching TD and no word on the results. They have had plenty of time to log, take sidewall cores and test. Maybe we should give them a little  break if they have run  and cemented  7” casing and are testing multiple zones inside casing. We have had problems in the past getting the bottom zones to flow to the surface due to sub-normal bottom hole pressure. They were aware ahead of time that a heli-portable swab unit might be required to test these lower zones. There should be no problem getting the upper zones to flow, so as usual, we are most interested in seeing the porosity and flow potential of the well. They should have plugged off the  water and tested the open hole down to the gas/water contact like I suspect they did at Antelope-5. But of course, they have never said what they were testing at Antelope-5.

Triceratops-3 is supposed to be in the same  reservoir as the upper reservoir at Triceratops-2 and
Bwata-1 so we should have an impressive gas column thickness. If we have good porosity (reef?) we should have a good well.

They have apparently changed their interpretation of what they had at Triceratops-2. We were previously told that the two reservoirs were separated by an impermeable marl streak. Now it appears, based on http://tinyurl.com/p5bttdy slide 12 , they believe the two reservoirs are separated by a fault. The lower reservoir may have some gas in it up dip to the south but it appears that the larger resource volume is to the northwest where they drilled  Triceratops-3. Here’s hoping they were right.

[Palm]

Just telling it like is Getit. You cab repeat what IR/mgmt says and see that be incorrect time after time or reflect some reality from time to time. To not do so leaves many questions unanswered. If Cert keeps getting pushed back along with drilling schedules yet the Cert pmt has zippo to do with oil prices, yet we have a rig sitting ready to go, it begs some questions. Answers to which your pass-through posts do not provide.

[Getitrt2]

Thanks, Pet, for the comments on Triceratops.

The reason you gave for the delays is the same primary reason I have been citing ad nauseum to him and others. Hopefully, it will be more sufficient and acceptable coming from you, but be careful you don't get accused of using too much information and facts from the Company and the markets, and ass-kissing!

[Getitrt2]

Just telling it like is Getit. You cab repeat what IR/mgmt says and see that be incorrect time after time or reflect some reality from time to time. To not do so leaves many questions unanswered. If Cert keeps getting pushed back along with drilling schedules yet the Cert pmt has zippo to do with oil prices, yet we have a rig sitting ready to go, it begs some questions. Answers to which your pass-through posts do not provide.

I am well aware the cert payment has nothing to do with oil prices, which is obviously an extremely good thing accomplished by management, in case you did not know.  How do you know "we have a rig sitting ready to go", repeating what IR/management says?  What do you think should be done with it right now?  Any other distorted or useless comments/accusations?

[Palm]

Just telling it like is Getit. You cab repeat what IR/mgmt says and see that be incorrect time after time or reflect some reality from time to time. To not do so leaves many questions unanswered. If Cert keeps getting pushed back along with drilling schedules yet the Cert pmt has zippo to do with oil prices, yet we have a rig sitting ready to go, it begs some questions. Answers to which your pass-through posts do not provide.

I am well aware the cert payment has nothing to do with oil prices, which is obviously an extremely good thing accomplished by management, in case you did not know.  How do you know "we have a rig sitting ready to go", repeating what IR/management says?  What do you think should be done with it right now?  Any other distorted or useless comments/accusations?

No, you are distorting reality enough for all of us Getit. You just don't realize it.