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InterOil from the boards March 23

March 24th, 2010 · 1 Comment

New crop..

  1. Interest from India in the press
  2. Part II
  3. Implications
  4. Change in strategy?
  5. Some of it perhaps not so new
  6. Condensate plant, an even more fundamentally new strategy?
  7. Phil in London
  8. And in Asia next month
  9. Shell sees the light on gas
  10. The truth on the insider sales

Tags: IOC · The best from the boards

1 response so far ↓

  • 1 Bruce // Mar 24, 2010 at 4:41 am

    One of the reasons for the change in strategy is due to a double tax on the gas. Oil Search deal was to pay a tax on the gas one time when sold at NAPA NAPA. IOC was going to sell the gas at the start of the pipeline to Liquid Niugini and was told single they would pay a tax there and then Liquid Niugini would have to pay a sales tax as well when they sold it at NAPA NAPA. This was seen as an unfair advantage to Oil Search/XON and IOC was seeking equal treatment late last year as I remember. I never heard it mentioned until Petengr1 talked about the change in strategy. This probably not the only reason for the change, but one of many trying to put the puzzle together to maximize for all parties.