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InterOil from the boards May 3

May 4th, 2011 · 2 Comments


  1. Asian spot prices of liquefied natural gas were seen around $12.30 per million British thermal units (mmBtu)
  2. The most expensive imports were from Qatar, priced at an average of
    $730.47/mt ($14.05/MMBtu). The cheapest cargoes were from Oman, priced
    at an average of $452.43/mt ($8.70/MMBtu).
  3. Petronet in deal with Gas Natural to buy 22 LNG cargoes
  4. The concluded PNG/LNG Investment treaty looks to be the key to
    unleashing massive Japanese Energy Investment into PNG and specifically
    the development of projects which Petromin is involved and Elk/Ant. 
  5. Most global LNG producers are willing to feed most of their supply to Japan, which is ready to take up all supply at any cost.
  6. We know these facts.
  7. Looks like both Wayne’s (Hamal and Andrews) converted 10k+ in stock options to common yesterday.
  8. Flex General Shareholders meeting
  9. There are 2 things (at least) that might affect what Flex needs to be able to cash flow their needs.
  10. EWC was paying $4.18/MCF for the processed gas.
  11. Per the notes to the financials it looks like the cost of the FLNG will be $1.168 billion. It is stated that no additional payments will be due to Samsung until delivery. Also, as far as IOC/PAC LNG’s guarantee for the final payment to Samsung, as expected that is described as a “backstop” guarantee.
  12. Sir Michael, who witnessed the signing of the heads of agreement between InterOil and Energy World Corp (EWC) in New York last Tuesday

Tags: IOC · The best from the boards

2 responses so far ↓

  • 1 N // May 4, 2011 at 10:20 pm

    The only thing intersting with IOC is the steady decline in stock price…… i liked the last post that said SELL IOC, the fundamentals are there but the stock will not gain any momentum until put into commercial production. So its going to be 3+ years over your money bouncing around like a roller coaster staying under the $84 mark for sure!!!!!! I say everyone cash out, jump on board in late 3Q of 2012 and then we can watch the stock price goes up, until then IOC is garbage with no divended yield,, better invest your money on something that will pay you back… sorry IOC im out!

  • 2 Roger // May 4, 2011 at 11:30 pm

    What a depressing stock.