Insider Trading Policy

[steve3752]

The current Insider Trading policy was adopted October 16, 2014.

A new provision was adopted that is labeled Additional Blackout Periods.  Paragraph 2 imposes a blackout period while any appraisal or exploration drilling is conducted by the company.   This prohibits covered persons from buying or selling  shares.

Today, I have sent a letter to IR, asking that a shareholder proposal to remove this provision be adopted at the annual meeting.

In prior e mails with IR, it was stated that this provison is not required by insider trading laws.

I believe the insider trading rules are more than adaquate without this provision.   Again, this was just added On October 16, 2014.

I do not believe oil and gas companies that are like Interoil have this onerous of a provision on insider trading and believe that this provision is not in the best insterest of shareholders.

If anyone agrees, I would urge them to write to Investor Relations.

I have owned this stock for 10 years and I take no joy in having to do this.  I just feel this provision is wrong and goes too far and does not align management with the shareholder.

[Stavros]

They haven't been doing any appraisal or exploration drilling recently ... why no stock purchases?
Do they believe the PPS still too high for them to buy shares?

[freddiekingman]

Nov 13 Hession says they are considering A7 which could add $400m to $1.2b. Since then shareholders have lost $400m in market value in 5 weeks....we are in buy out territory

[sageo]

Nov 13 Hession says they are considering A7 which could add $400m to $1.2b. Since then shareholders have lost $400m in market value in 5 weeks....we are in buy out territory

Freddie - The old saying years ago when you were down and out, was you were "behind the eight ball". Well,we are(way,way) down but we are not out yet.....but the old "eight ball" is now the size of a basketball. When the buy out offer comes,it will probably resemble the Woodside deal......way low but still at a premium compared to the current pps. Se la vie or as Frank S. would say in his song" That's Life" ...[in all it's glory] ." border="0" class="smilie" src="http://shareholdersunite.com/mybb/images/smilies/cool.gif" /> As Hemi says " Health and happiness" .

[freddiekingman]

Hemi?

[sageo]

Hemi?

Freddie - Hemi is one of our long-time board members. He posts rarely,but when he does ,his words are always worthwhile. His sign-off was usually "health and happiness" which I always appreciated. Best to you and yours.