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If you were an Oil and Gas Institutional investor and read and understood the above links there is no way you would be selling Interoil common shares. You would slowly accumulate shares without driving the price up . Easy to do . Want proof that's going on? Look at the June filing institutional ownership report. Who added over 700,000 shares last quarter. Our Spartina added big time last week per his posts on this board. What are doing with your holdings?
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Hession's AGM speech below.
[PAGE 15]
Please allow me to briefly explain why we are drilling in this region.
This map is a 2011 assessment by the US Geological Survey of the undiscovered oil and gas resources
of Papua New Guinea, Eastern Indonesia, and East Timor.
They concluded that the region contains more than 115 trillion cubic feet of undiscovered gas across
four key areas.
The lower eastern quadrant, known as the Eastern Papuan Basin, contains our licences.
Studies have shown that the carbonates in this basin are broadly analogous to those in the Asmari
fields in Iran, a prolific reservoir that provides more than 80% of total Iranian crude oil.
Importantly, we have opened the Eastern Papuan Basin to exploration and control the dominant
acreage position in this emerging province.
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As retail investors sell Interoil stock institutions like Cap Research are buying their shares. They invested an additional $40 million plus last quarter. I am just posting some of what institutions are looking at to make their buying decisions. Use it or flush.