One thought on “InterOil from the boards March 23”

  1. 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.

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