New CFO

[Tree]

Of note in todays PR.
As Paul Harvey would say "This day's news of most lasting significance."

http://canningscorporatecommunications.com/


Media contacts for InterOil
John Hurst, Cannings Corporate Communications
jhurst@cannings.net.au
Phone: +61 418 708 663

We now know who was behind the 'paid statement' regarding drilling plans which was released to the post courier yesterday.

[Stavros]

New COO and CFO are already shown on the IOC website ... together with a picture of Dr Hession

http://www.interoil.com/corporate-inform...anagement/

Current BoD Members are:

1. Gaylen Byker - Chairman - - - should be replaced; he led the company nowhere for many years.

2. Roger Grundy - internationally recognized expert in the area of refinery efficiency. Age 67. Will retire.

3. Roger Lewis - former senior finance executive, 22 years with Woodside finishing as Group Financial Controller - Now redundant MUST GO

4. Ford Nicholson - President of Kepis & Pobe Financial Group specializing in energy investments - adds nothing and MUST GO

5. Samuel Delcamp - more than 40 years of investment experience; many year with Fuller Foundation - adds nothing and MUST GO

6. Sir Rabbie Namaliu - PNG's Prime Minister from 1988 until 1992. Speaker of the National Parliament between 1994 and 1997. Minister for Foreign Affairs and Trade from 1982 until 1984 and has held several other senior government posts since his first election to parliament in 1982. - - - MUST STAY

7. Sir Wilson Kamit - retired Governor of the Bank of Papua New Guinea and Chairman of its Bank Board. Werved as the Alternate Governor representing Papua New Guinea at the International Monetary Fund. On the Board of Directors of the Asian Development Bank as the Alternate Executive Director representing the Republic of Korea, Papua New Guinea, Sri Lanka, Taipei, China, Uzbekistan, Vanuatu and Vietnam. MUST STAY

[cybersssss]

Looks like this new PR company is out of Australia. IOC is slowly transitioning to becoming completely internationally based rather then in the US. Why do we have an office in the Woodlands? Looks like IOC business will be more Australia and French based.

Many board changes should be coming as well. I am very pleased to see that Hession appears to have had this plan all along. He IS transforming the company as wee speak. With a better reputation amongst the O+G industry as well as the financial community, the skeptic discount to the stock price will slowly disappear.

[jdeo1969]

In one of my recent conversations, It was stated to me that this deal turns IOC into a "substantial player in the Oil and Gas Industry." it would appear Hession is taking that line of thinking very seriously. Good news.

[Libtardius Maximus]

This "new" PR company that is getting attention is not new unless you consider them being on press releases since August 2013 new.

[mikesioc]

"Mr. Spector will oversee InterOil's investor relations team." Let's hope this means they are going to take PR as seriously as drilling.

[Getitrt2]

This "new" PR company that is getting attention is not new unless you consider them being on press releases since August 2013 new.

You are right, LM.  Their being on board before the December announcement and news releases does not say much for their "contributions" so far.

[ebster123]

"Mr. Spector will oversee InterOil's investor relations team." Let's hope this means they are going to take PR as seriously as drilling.

This hatchet should have fallen a long time ago.  As for PR, WA is a supporter of IOC but has shown to be a B player on an A- team with a A+ resource...should go as well.  Some don't like the fact but that is the case.