What News - Reflections of A Venture.

[Getitrt2]

I maintain my opinion that IOC has known the results for over 30 days and that they will announce Wahoo as a major "Discovery" in due course Furthermore, I believe they're holding substantive sell down discussions with several potential partners. Publicly wevealing the Wahoo drilling results could potentially disrupt final negotiations with the selected winner. When the partner is selected and the deal is done, we'll see a Whopper Wahoo Weveal (as Elmer would say).

I think getting results from Wahoo and identifying a discovery is material information they would be required to disclose and could not sit on and keep secret for 30 days.

In December with the news on the SPA, IOC also announced an agreement giving Total an exclusive right to negotiate for farm-ins on all the leases, and no expiration date was given.  I don't know how they could be "holding substantive sell down discussions with several potential partners" unless that agreement with Total has expired.

[jft310]

One of our analysts thinks before any discovery the Farm In Agreement was worth $300 million to Interoil. Would that price rise with a discovery? You can answer that. Would you break up the leases?? Sell em off as you get well results.?? Just a thought.

[Kaliboo]

In a world of 16 frames a second, a hundred or more e-mails a day, text, tweet, one may take a moment of pause and look into a"still" picture.

The common mention is ... a picture is worth ten thousand words. But rarely is the conversation of those words mentioned.

This picture is a dramatic mile stone conversation for IOC Share Holders.

Of particular note are the four participants.  The photographer is the one providing the optical perspective.  Composition and composure of a recorded visual image.  Nicely done.

Thematicly sets well into the AFR article of a personal jourmey of a expat into the wilds of the O&G industry.   The writing style is near romantic. The eye will move away from outlines of faces and places and read the print.  After reading the print one may note that there is no mention of what the three interestingly atired IOC employee's are looking at. We can see the composure, but the line of sight of a horizon is not in the usual place.

Four reflections deep we can see the point of interest.  Actually there are six, but the other two are technicals.

1) The camera lens itself

2) The convex lens of polorized curved sunglass lenes ( Shades)

3) The point of image itself

4)  The point of image reflection of itself.

The best for our purposes, is the gentleman on the right of MS (IOC).  If you magnify the right side lens you can see the point of interest and insight of this post:

It Is A Gas Flair.

Natural gas has flowed to the surface under high pressure (PSI?) to the surface.

A test has likely been performed to learn of many MMCFPD will flow from a zone in the well.

MS (IOC) went there to see it hiimself and document his and our journey in a photo article weekend edition of one of the finest journels of Australia.

There is much more in the conversation of this picture. For excample, did IOC prior to posting on website or AFR printing of article understand the content of the picture?

But I will leave it here, with thanks to PetEng1 whose old picture of oil in Arkansas gave the cognitive inception point to peer into reflections.

Congrats again to SHU Shareholders.

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Tucker

Another observation that I don't recall seeing in this string.  Looking at the shadows and the sun light it appears the sun is behind them and low.  You can see shadows on the front of their hardhats.  A bright flare might eliminate all shawdows on the front of your body and hard hat if the glare from the flare is not obstructed and the flare is in front of you.

Also flare booms of the horizontal variety as seen in other IOC well test slides, always have a large deluge system pumping large quantities of water into a large wall of mist of protection between the flare boom and the rig.  This is to prevent burning up the rig and everyone around it, as the radiation from a flare is tremendous when flowing at very high rates.  Generally two opposing flare booms are aimed 180 degrees apart to account for unfavorable wind directions.  On a windless day the mist from the deluge system pretty much soaks everything for a good idstance around it.  No mist is drifting towards these guys or you would see it on their glasses and hard hats.

The light you see reflected in their lenses could likely be the reflection of the low setting sun off anything in front of them.  Nevertheless, its been an interesting thought.