08-17-2013, 01:32 AM
All been said except for Exxon's quote. Wonder if IOC has a response to that part.
InterOil sinks after reportedly failing to reach deal with Exxon
Shares of energy company InterOil (IOC) are sliding after an industry site stated that the company had not reached a deal to sell a stake in its Elk-Antelope field to Exxon Mobil (XOM). WHAT'S NEW: Exxon and InterOil were not able to make a deal before Exxon's exclusive negotiating period on the Elk Antelope field expired, PNGIndustryNews.reported. Moreover, a source indicated that Exxon is no longer interested in buying a stake in the Elk-Antelope field, which is located in Paupa New Guinea, according to the report. However, an InterOil spokesman said that talks with Exxon on the matter were still ongoing. WHAT'S NOTABLE: InterOil has been searching for partners for its Paupa New Guinea natural gas business since 2009. PRICE ACTION: In early trading, InterOil fell $4.33, or 5.8% to $69.77.
