Morgan Stanley update on InterOil after the first DST

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).

2 thoughts on “Morgan Stanley update on InterOil after the first DST”

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

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