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Morgan Stanley update on InterOil after the first DST

October 14th, 2009 · 2 Comments

All good stuff. Derisking is the name of the game…

Morgan Stanly IOC 14/10/09

Some of the main conclusions

  • we believe today’s positive well results materially reduce the asymmetrical downside risk of a dry-hole in Antelope-2.
  • Results are preliminary (only a test of a 170ft section in the top of the reservoir) yet compare favorably to IOC’s 3 prior successful wells and our expectations (see our IOC note from Oct 6th).

Tags: IOC · Research Reports

2 responses so far ↓

  • 1 JoEllen // Oct 14, 2009 at 6:19 pm

    Nice work, as usual, to see analyst reports so quickly. Great to see the target price going up!

  • 2 InterOil (IOC) bull run is not over — // Oct 16, 2009 at 6:35 pm

    […] basically. All the signs so far out of Antelope2 are very bullish. This, as both Raymond James and Morgan Stanley have recently argued, is de-risking the shares further, whilst further likely good news will put […]