Shareholder Conference Call

[Gator]

Mulacek shows 100 percent value for the company his opinion. If a gas depletion drive gas is worth $177 a share . See presentation and listen to call .

Dream on little broomstick cowboy. 

[jft310]

Poor Gator !
Can't even quote what Mulacek stated is his opinion of value .
The company gets sold and Gator gets his $46.30 or so , others think the assets are worth more and are voting no and or dissenting , PET thought 16 T's in total plus 40 prospects .
Paradigm Capital thinks there is more value .
Since Exxon is paying for an independent opinion of all of Interoil assets why not attempt to get more than $46.30 something ??!
Phil seems high but let him try costs nothing . Appears both evaluations could be close to being on the same time line ! Not losing time could gain some extra value .
If you think Exxon is paying NAV value approve the deal !!!

[Gator]

Poor Gator ! Can't even quote what Mulacek stated is his opinion of value . The company gets sold and Gator gets his $46.30 or so , others think the assets are worth more and are voting no and or dissenting , PET thought 16 T's in total plus 40 prospects . Paradigm Capital thinks there is more value . Since Exxon is paying for an independent opinion of all of Interoil assets why not attempt to get more than $46.30 something ??! Phil seems high but let him try costs nothing . Appears both evaluations could be close to being on the same time line ! Not losing time could gain some extra value . If you think Exxon is paying NAV value approve the deal !!!

I have a better plan.  You keep telling everyone that you will get $90 from the court process that Phil has started.  I'll sell you all of my shares for $75.  You can sell them to Phil for say $90.  Phil can collect the $177 from Exxon (or TOT or Putin, or the Chinese, or any one that will pay that). Everyone Wins!

Or we can live in the real world and look at the current NAV evaluations.  Admit we make a mistake.  That current management raped and stole from shareholders and bled the company dry. Admit that the old management kept selling us pie in the sky that will never happen.

[jft310]

Gator the twister of facts about who said what . Fact-Stavros did the math on $400 a share . Posted his math on the board . He used Phil's modules as his basis . How did that turn out ?! If Somali had stayed healthy who knows . Can't nail me on that one , Fact-Paradigm Capital stated in a written report to the Yukon Courts that all of Interoil assets were worth at least $90 a share . The court language was the deal substanially under valued the assets . Phil used that as a basis and other work to view his baby as worth the Paradigm number . Phil recent written estimate is higher than Paradigm . Will Phil get his higher number or even Paradigm number ?! It's safe to say no . It's safe to say the deal passes. If you like $46.30 for your shares accept the deal . If not vote no and or dissent . Our group has chosen to dissent . Since Morgan and then BMO failed to value all the assets it's safe to say a dissentors will get a NAV number higher than $46.30. You say it's not $90 you may be right . I merely state what an independent expert stated in court . I prefer to rely on multiple independent opinions one of which was PET who on this board stated he thought 16 T's . Your free to collect your $46.30 in a lousy stock called Exxon . Others are going in a different direction. The only way a dissent pays off is if the deal passes and the courts approve . I want that approval and the chance for extra dollars . Please try to get your facts right in the future about who said what . Good Luck to all .

[Gator]

Rule number one: When selling something, the item for sale is only worth what someone else is willing to pay.  9 months ago InterOil was put into play.  If it was half as valuable as some of YOUR pie in the sky figures, there would have been numerous bidders at significantly higher prices. You are also quoting other posters on what they think IOC is worth, but maybe don't have all the information.  (Some of the very same posters have sold all or most of their IOC shares, so what does that tell you about the value of IOC). You have posted "alternative facts" so many time I feel you actually believe them.  Good luck to you and to anyone else who is holding out for $90.

[johnwgrant]

Rule number one: When selling something, the item for sale is only worth what someone else is willing to pay.  9 months ago InterOil was put into play.  If it was half as valuable as some of YOUR pie in the sky figures, there would have been numerous bidders at significantly higher prices. You are also quoting other posters on what they think IOC is worth, but maybe don't have all the information.  (Some of the very same posters have sold all or most of their IOC shares, so what does that tell you about the value of IOC). You have posted "alternative facts" so many time I feel you actually believe them.  Good luck to you and to anyone else who is holding out for $90.

Gator - I agree strongly with your statement: IOC is only worth what someone is willing to pay.    BUT, I would add the words "at this time" !!!

My main complaint about IOC management is not the price that they have negotiated, but, that they chose to sell at this time at all !!!!

They (IOC) chose to do this deal in the midst of a severe energy bear market.   Another alternative would have been to have gone into hibernation mode and waited for the energy market to rebound (which it is in the process of doing right now).

They could have sold a small percentage of their ownership to a Japanese/Chinese energy firm for enough money to allow them additional time.   Instead they panicked and we are in the current deal/mess.

My secondary complaint about Hession/IOC is that they strongly proclaimed the message to all that the "mid-case" scenario was now the "low-case" - ie, the drilling program was proving up a larger resource at Elk-Antelope.   However, they (Hession/IOC) are now claiming that Ant-6 showed a much smaller sized field (thinner pay zone).   Somehow, I do not recall them disclosing that material information to us shareholders - other than being buried in the recent MIC (deal legalese).   So, any way you look at it, Hession/IOC are scumbags - they either lied by omission to us shareholders, or, they are lying right now to us to get our approval on a marginal deal.

It would be somewhat ironic if the deal gets voted down, the lawsuits fly, and the end result is that IOC survives as a partner in the new LNG plant...  In other words, Hession, by sheer greed and poor planning, may have come up with the ideal delay scenario so that IOC will weather the energy bear market and come out the other side!!!

I can dream, can't I ?!?!

[Gator]

Rule number one: When selling something, the item for sale is only worth what someone else is willing to pay.  9 months ago InterOil was put into play.  If it was half as valuable as some of YOUR pie in the sky figures, there would have been numerous bidders at significantly higher prices. You are also quoting other posters on what they think IOC is worth, but maybe don't have all the information.  (Some of the very same posters have sold all or most of their IOC shares, so what does that tell you about the value of IOC). You have posted "alternative facts" so many time I feel you actually believe them.  Good luck to you and to anyone else who is holding out for $90.

Gator - I agree strongly with your statement: IOC is only worth what someone is willing to pay.    BUT, I would add the words "at this time" !!!

My main complaint about IOC management is not the price that they have negotiated, but, that they chose to sell at this time at all !!!!

They (IOC) chose to do this deal in the midst of a severe energy bear market.   Another alternative would have been to have gone into hibernation mode and waited for the energy market to rebound (which it is in the process of doing right now).

They could have sold a small percentage of their ownership to a Japanese/Chinese energy firm for enough money to allow them additional time.   Instead they panicked and we are in the current deal/mess.

My secondary complaint about Hession/IOC is that they strongly proclaimed the message to all that the "mid-case" scenario was now the "low-case" - ie, the drilling program was proving up a larger resource at Elk-Antelope.   However, they (Hession/IOC) are now claiming that Ant-6 showed a much smaller sized field (thinner pay zone).   Somehow, I do not recall them disclosing that material information to us shareholders - other than being buried in the recent MIC (deal legalese).   So, any way you look at it, Hession/IOC are scumbags - they either lied by omission to us shareholders, or, they are lying right now to us to get our approval on a marginal deal.

It would be somewhat ironic if the deal gets voted down, the lawsuits fly, and the end result is that IOC survives as a partner in the new LNG plant...  In other words, Hession, by sheer greed and poor planning, may have come up with the ideal delay scenario so that IOC will weather the energy bear market and come out the other side!!!

I can dream, can't I ?!?!

JW

I agree with everything you said (especially the Hession scumbag part) however the one big problem is IOC has now is no cash to sit on the sidelines and hope for a better deal.  They have used up 1) all the cash from asset sales, and 2) the line of credit has been expanded and extended and tapped out three times.  They are living on credit and they are showing less assets for which to borrow. Shareholders aren't the only ones who get shown that the "worst case" has become the "best case" , bankers do too.  With no revenues, high expenses, and ever increasing borrowing costs it will be hard for InterOil to wait out the storm.