Over 2 years ago, InterOil sold shares to investors at $75/share - with the stated purpose to monetize the Elk/Antelope discovery.
Time rolls on: Triceratops is drilled - another natural gas discovery (possible bigger than E/A...). Antelope-3 is drilled -- confirming that InterOil has the NG goods.
Now, after a tough 2+ years, InterOil has officially announced that they are approximately 6 weeks from deciding on which bidder(s) they will select and together build a LNG plant in the Gulf province.
The stock price is at approximately $61/share.
Let me repeat -- the stock price is at approximately $61/share !!!!!!
Japan's Earthquake has caused the bulk of their Nuclear facilities to be shut down. The price of oil is up, LNG pricing in the Far East is high, the world is awash in cheap money (thanks Ben !), and InterOil is at $61/share !!!!
Something's going to change drastically within 6 weeks time . . .