Selling the refinery

[Putncalls]

Today we have the big oil bust prices. Tomorrow PNG will be the lowest LNG cost producer in Asia.

[jft310]

Martini- my guess is that we get all the investment banks to update their work with the 2 Oil Search appraisal results and adjust with these new projected lower build costs . Some may wait for the Total numbers but as you say much has changed and their work is outdated .

[will2bgreat]

Katy, the point is that I can use numbers to justify the same thing with IOC.  We were at $93/share and as low as $21/share, and that's not countling the intraday where we were over $100/share.  Phil is not an genius but neither is Mike, as some on this board have contended.

Martini, the only point is the certification and the FID payments do not get us free and clear to the plant operation.  We have options; God I hope we have some type of RBT selldown, or we can issue more shares to finance our portion of the plant.  But even when one of these occur, that still does not get us back to exploring the rest of our acreage.  Mike owes us a clear picture of how we are getting to plant operation.  That picture will help us to make the decision on what the best direction is for IOC.

By the way, the zoo board was reporting OSH is going to offer 8 shares of OSH for every share of IOC; that values IOC at $52/share.  No wonder Phil is moving forward with his action.

Hopefully

Will, I would be careful with those numbers. 8 OSX shares at close would be priced at 6.95 x 8 or 55.60. Oh, but wait!!! OSX is priced in AUD, now valued at USD 0.77. So that rumor would get USD 43 rounded up. Well, at least that's better than the yazoo poster on the same thread as 8:1 rumor opined for 5:1. My own suspicion is that Mulacek is feeding the rumor mill.

Katy,

$6.50-$7.00, depends on  where we chose the numbers.  But the OSH in Aust. dollars is something I completely missed, good point.

As for Phil, one can only speculate on his ultimate intentions, but a couple of his proposals are not bad ideas.

Good luck longs

[katytrader]

Katy, the point is that I can use numbers to justify the same thing with IOC.  We were at $93/share and as low as $21/share, and that's not countling the intraday where we were over $100/share.  Phil is not an genius but neither is Mike, as some on this board have contended.

Martini, the only point is the certification and the FID payments do not get us free and clear to the plant operation.  We have options; God I hope we have some type of RBT selldown, or we can issue more shares to finance our portion of the plant.  But even when one of these occur, that still does not get us back to exploring the rest of our acreage.  Mike owes us a clear picture of how we are getting to plant operation.  That picture will help us to make the decision on what the best direction is for IOC.

By the way, the zoo board was reporting OSH is going to offer 8 shares of OSH for every share of IOC; that values IOC at $52/share.  No wonder Phil is moving forward with his action.

Hopefully

Will, I would be careful with those numbers. 8 OSX shares at close would be priced at 6.95 x 8 or 55.60. Oh, but wait!!! OSX is priced in AUD, now valued at USD 0.77. So that rumor would get USD 43 rounded up. Well, at least that's better than the yazoo poster on the same thread as 8:1 rumor opined for 5:1. My own suspicion is that Mulacek is feeding the rumor mill.

Katy,

$6.50-$7.00, depends on  where we chose the numbers.  But the OSH in Aust. dollars is something I completely missed, good point.

As for Phil, one can only speculate on his ultimate intentions, but a couple of his proposals are not bad ideas.

Good luck longs

Will, I think a reading of all of the recent docs reduces potential error in speculating on PM's intentions.   Look at what he did with Kina.  He bought in, got a seat for his man Vance on their board, which moved ahead on two wells in PPl 337 which they believed to be carbonate reef similar to EA.  That having failed, PM turns to IOC.

He wants fewer directors...ok.  Apparently a board of 8, the number he had, still isn't good enough.  He still wants 6.  He wants at least 2 to have "in the jungle" experience.   He wants the reserves committee to have similar experience.  He wants directors to be elected individually.  To me, he clearly is laying the groundwork for himself to be a logical choice.  How much influence one of six directors has can be an open question, but perhaps he feels that the three holdovers from his old board would side with him in forcing the other changes he proposes.   This exercise is not about money.  It is about power and influence.  Speculation?  Sure, but it is not a hard case to make.

[Stavros]

I DISAGREE KATYTRADER
It's about making money on an investment ... be it money, or blood, sweat and tears.
To my opinion, it is not about power and influence whatsoever.

Below is the latest emailing from "Concerned InterOil Shareholders"

QUOTE

Hello,

Thank you for standing with us as we work on these issues. The show of support from Concerned InterOil Shareholders like yourself has been overwhelming.

Please see attached the Press Release regarding InterOil agreeing to fully comply with the Concerned InterOil Shareholders Requisition. << IN OTHER WORDS, AFTER WASTING MY MONEY ... AND THAT OF OTHER IOC SHAREHOLDER ... IOC FINALLY AGREED TO PUT THE ISSUES ON THE AGM MEETING AGENDA FOR SHAREHOLDER CONSIDERATION >>>

The Release is also available on the Concerned InterOil Shareholder website here..:

http://www.concernedinteroilshareholders...l-25-2016/

If you have any questions or comments, please direct them to info@concernedinteroilshareholders.com

END QUOTE

[katytrader]

I DISAGREE KATYTRADER It's about making money on an investment ... be it money, or blood, sweat and tears. To my opinion, it is not about power and influence whatsoever. Below is the latest emailing from "Concerned InterOil Shareholders" QUOTE Hello, Thank you for standing with us as we work on these issues. The show of support from Concerned InterOil Shareholders like yourself has been overwhelming. Please see attached the Press Release regarding InterOil agreeing to fully comply with the Concerned InterOil Shareholders Requisition. << IN OTHER WORDS, AFTER WASTING MY MONEY ... AND THAT OF OTHER IOC SHAREHOLDER ... IOC FINALLY AGREED TO PUT THE ISSUES ON THE AGM MEETING AGENDA FOR SHAREHOLDER CONSIDERATION >>> The Release is also available on the Concerned InterOil Shareholder website here..: http://www.concernedinteroilshareholders...l-25-2016/ If you have any questions or comments, please direct them to info@concernedinteroilshareholders.com END QUOTE

Stavros, according to Philippe's own filing, Finlayson indicated that a Board of 8 could be acceptable.   Philippe says it has to be 6.  No other substantive issue is mentioned in the filing.  That is all about power and influence, not money.

[kommonsents]

Arguing about power, influence and money is like the chicken and the egg debates.

The end goal is the money, otherwise, no need for power and influence. If not for the money at the end of the game, there would be no BOD, no executives and no IOC.

[Thylacine-2]

Power, influence, money.....I think a primary concern is that Hession might be putting his personal interests before the interests of the shareholders. Note the possible scenario in which IOC merges with OSH and Hession receives a huge payoff and becomes the CEO of the new OSH.

[ArtM72]

Power, influence, money.....I think a primary concern is that Hession might be putting his personal interests before the interests of the shareholders. Note the possible scenario in which IOC merges with OSH and Hession receives a huge payoff and becomes the CEO of the new OSH.

Thy - I believe you have nailed the primary issue of concern.