If they find nothing else is assets we are a $10 billion market cap company right before the LNG plant opens. That number is direct from Interoil mgt and they are using the market cap of Oil Search as a guide for that market cap number.
No that's not $500 a share.
What could change the $10 Billion market cap number? Tuskers String of Pearls being proven true. If they really found a Miocene reef , an ancient sea shore then they will find more assets. PET used Interoil provided seismics and estimated there were 13 possible reefs to be drilled. Hession has stated they have 40 some prospects to explore and find out more. Maybe most important is where their is gas their is oil .
There is nothing wrong with a $ 10 billion market cap but as Sam states that will take time and the stock price will move as certain milestones are reached.
With 3 wells being close to news being announced it's worth a SHU in case Dave Holland, PET, Phil, Oil Search Botten and now Hession are correct about the geology . If they are wrong the stock price will reflect a $10 Billion market cap in 2020. Is that enough for most people? Well it will best the heck out of the S&P index and the Dow index.
The most telling thing is all these Woodside Senior people quitting that job and coming to Interoil. In order for Hession to get paid his bonuses he must find assets and sign LNG deals. He recently recruited more Woodside people. It appears someone besides Tusker believes in this string of pearls.
As an aside retail investors will sell Interoil common stock at just the wrong time. I bought stock symbol LNG at $1.75 when retail gave up . Sold it way to soon I admit . But one doesn't sell a stock after 4 months of drilling 3 new wells . There is zero price upside built into the stock for new assets right now Zero nada . Bad results worst case we move up to a $10 billion market cap in time. Is that enough ?