Posts: 1,357
Threads: 589
Joined: Feb 2012
Reputation:
292
With the third quarter now complete, InterOil stock has dropped an astonishing 44% this quarter. That's a drop of $1.3 Billion in shareholder value over the past 13 weeks. The old saying is "time is money". That has never been more clear with the second delay to certification. Football games have 4 quarters (except for Tennessee fans) , let's hope the fourth quarter brings a huge comeback in the share price and gets InterOil back up.
"And maybe someday we will find , that it wasn't really wasted time"
Posts: 2,505
Threads: 219
Joined: Dec 2011
Reputation:
109
I still don't think they justified the need for A6 before certification.
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
Ant 6 was optional not required . The only possible winner of Ant 6 would be Interoil if more dolomite was found . With money tight not hard to imagine Ant 6 drilled after certification. Total must have a good handle on the check size and most probably is in no hurry to write the check . Oil Search has a large check to write also no hurry .
But If they are proceeding as quickly as possible then delaying Ant 6 and calling for certification makes sense . Hession stated at least 10'T 's last week that's enough . Either way Ant 6 or not we should wait till Ant 4 is complete plus testing time before certification call .
Posts: 6,851
Threads: 697
Joined: Dec 2011
Reputation:
441
Will be mighty tough for MH to be able to exercise those options based on the incentive plan; would think the peer comparison is looking pretty bad. Might be better for him to buy shares on the open market. Oh yeah, except..............
Posts: 8,568
Threads: 1,342
Joined: Dec 2011
Reputation:
380
But he has 2 years for comparison purposes . And he has a large checking coming from Total for Interoil next year which none of his competitors have which should add substantial value . Might even get the FID check in the 2 year window . Might!! But the certification check Improves the comparisons . Looking back other Interoil execs bought in the market and exercised options .
Posts: 6,851
Threads: 697
Joined: Dec 2011
Reputation:
441
Check is in the mail and "should"a coulda woulda is pie in the sky right now. He'll have a lot of ground to make up.
