If you're unhappy with IOC's policy on Material Information - - - tell them

[Stavros]

Personally I'm very unhappy with IOC's policy of withholding ALL information.

If you are either happy or unhappy, send them an email. THEY WORK FOR THE COMPANY'S SHAREHOLDERS

I want to know ==> WHY are they withholding ALL information from shareholders? They claim that revealing good information will attract an unwanted takeover of the company.

WELL ... "now look what you've done Ollie."  Withholding information has resulted in such a low share price that it will attract an unwanted takeover of the company AT A FIRE SALE PRICE.

IOC's own published definition of Material Information is:

QUOTE  Information is deemed “material” if it could affect the market price of a security (i.e., stock, option, bond, etc.) or if a reasonable investor would attach importance to the information in deciding whether to buy, sell or hold a security. END QUOTE

IT'S IMPERATIVE THAT IOC MANAGEMENT WAKE UP FROM THEIR STUPOR AND ... FROM NOW ONWARDS ... PROVIDE SHAREHOLDERS WITH ALL MATERIAL INFORMATION AS IT BECOMES AVAILABLE.

The below is material information in my view and should be disseminated:

1. Why does O'Neill say that Papua LNG will be the 3rd LNG train in the country? IOC should comment on this - - - correct or not?

2. What is the status of Wahoo drilling?

3. What is the status of Antelope 4?

4. What is the status of Triceratops 3?

5. What is the timing for making a decision on Antelope 7?

6. Why hasn't TOTAL been ensconced as Operator or the Papua LNG Project?

7. Etc and etc

[Palm]

Excellent points Stavros and I did the same (emailed IR yesterday afternoon). Am to have a phone discussion with them on some of these and other points on the "lips sealed" policy they have adopted in general. I don't expect PR blasts from them, but there is a lot (supposedly) of good going on right now and it would be much more wise to have some regular points in drilling etc when you give updates instead of letting the market assume the worst; which naturally happens.

You can only play the "shorts use it....." for so long before you are actually playing right into their hands. Manage this promising public company like it should be.

[Dr. Wu]

Excellent points Stavros and I did the same (emailed IR yesterday afternoon). Am to have a phone discussion with them on some of these and other points on the "lips sealed" policy they have adopted in general. I don't expect PR blasts from them, but there is a lot (supposedly) of good going on right now and it would be much more wise to have some regular points in drilling etc when you give updates instead of letting the market assume the worst; which naturally happens. You can only play the "shorts use it....." for so long before you are actually playing right into their hands. Manage this promising public company like it should be.

Interoil is in a "quiet period" which is the weeks prior to earnings release.  Very little can be said, but of course press releases can be issued.  We're all frustrated.  $60 to $42 since the AGM is selling by big holders, lower oil prices, China etc.  Shorts have been piling on while Wahoo is being drilled. But this recent $46 to $42 is nothing more than shorts taking advantage of the lock up and pressing Chandlers hand.  We know now that down $4 yesterday was word of the block coming. Apparently he is now cleaned up and that is important to alieving the pressure.  Now we need a drillig update that is likely to come with earnings in 3 weeks.

[jft310]

DR Wu the only way one feels financial pressure when a stock drops is if they are levered to the stock price . Those without leverage can wait with out financial pressure.

[Palm]

Excellent points Stavros and I did the same (emailed IR yesterday afternoon). Am to have a phone discussion with them on some of these and other points on the "lips sealed" policy they have adopted in general. I don't expect PR blasts from them, but there is a lot (supposedly) of good going on right now and it would be much more wise to have some regular points in drilling etc when you give updates instead of letting the market assume the worst; which naturally happens. You can only play the "shorts use it....." for so long before you are actually playing right into their hands. Manage this promising public company like it should be.

Interoil is in a "quiet period" which is the weeks prior to earnings release.  Very little can be said, but of course press releases can be issued.  We're all frustrated.  $60 to $42 since the AGM is selling by big holders, lower oil prices, China etc.  Shorts have been piling on while Wahoo is being drilled. But this recent $46 to $42 is nothing more than shorts taking advantage of the lock up and pressing Chandlers hand.  We know now that down $4 yesterday was word of the block coming. Apparently he is now cleaned up and that is important to alieving the pressure.  Now we need a drillig update that is likely to come with earnings in 3 weeks.

I understand that good Doc as far as the quiet period, but it's not every week before an earnings release. (A little humor there).  With the many supposed good things going on there is an expectation of managing the info flow properly. If we had production producing cash flow and other "normal" things going on, and were a much more "mature" company, I could understand earnings release time being the point where we get updated. But we are a small exploration company with zippo production and a story still being written. Let's not wait until the book is written to let your shareholders know what is going on with drilling, negotiations, etc etc etc. If this "giant" is real, let's not help guarantee a low-ball bid/buyout.

I'm a LT investor who understands the potential of IOC.  But we've all seen potential go down the tubes many times through controllable situations where the right things done at the right times help reach potential, instead of it going to waste.  Life and the business world are fraught with examples of wasted potential.  A good "coach" gets the max out of even average players and makes those with huge potential stars.  IOC has all the potential of a star, but let's not "Hoke" this one into mediocrity.

[jft310]

Oil Search appears to be the de facto mouth piece for the Group between quarterly reports. The Interoil quarterly slides are well done with much information but in between we don't hear much .
There are many NYSE companies that don't say anything as in nada between quarters . The middle ground may be to list on the Australian which requires more information flow than the NYSE. Will they do that???