. . . . . . . . . . .
Canadian standards, including NI 51-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information contained or incorporated by reference into this prospectus and any prospectus supplement may not be comparable to similar information disclosed by U.S. companies. In particular, the term “resource” does not equate to the term “reserves”.
Under U.S. standards, oil and gas deposits may not be classified as “proved reserves” unless the determination has been made that the oil and gas is reasonably certain to be economically and legally produced and sold under economic conditions prevailing at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “probable reserves”, “possible reserves” or “resources” or other descriptions of the amount of oil and gas deposits that do not constitute “proved reserves” by U.S. standards in documents filed with the SEC.
U.S. investors should also understand that “resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of a “resource” exists or is economically or legally recoverable. The Canadian standards for identification of “proved reserves” are also not the same as those of the SEC, and proved reserves that may be reported in the future by InterOil in compliance with Canadian standards may not qualify as “proved reserves” under SEC standards. Accordingly, information concerning oil and gas reserves and resources set forth herein may not be comparable with information made public by companies that report in accordance with United States standards.
InterOils "Papua New Guinea is shaping up to be one of the world’s hottest natural-gas plays."
"InterOil Corp. announced it had drilled a massive gas well in its Antelope field.
The well flowed at a rate of
705 million cubic feet of gas a day, which nearly doubled an earlier well in field that InterOil was so proud of they got Guiness to certify as a record setter.
To help put in perspective just how big these wells are, Devon Energy recently bragged about a well in Louisiana that flowed at
30.7 million cubic feet a day."
What we do understand hhumbert38, is that today you are posting with your alias of rdillon57, previously posted as knobby, previously posted as pulsewriter and with a few hundred other identities.
What ID will you be shifting to later today? I'm sure we only have to wait a very short time to see.
My mother and younger sister conspired to stiff me for $20k in a real estate venture over several years. I trusted my mother implicitly in the accounting and bookwork. In hindsight the trust was probably too good to be true and was shown that it wasn't.
I haven't associated with her and my sister for almost five years. So bringing mama into the picture is a sore subject.
Dead horse humor:
Blame the horse's parents.
Real petroleum and gas experts certainly know what to look for and yet InterOil remains without a PARTNER, a deal, or FINANCING. Do you dispute this???
Wonder why? The pumpers say 'Fast Money Phil' is biding his time! Deals on his desk! Folks lined up in the hallway outside his office!
Zimm. Didn't your mama tell you if something is too good to be true, it probably is?
InterOil is an AMEX stock. It voluntarily delisted in Canada and PNG.
The NYSE's "EURONEXT" bought the AMEX Exchange so IOC is now NYSE-EURONEXT
Canada has a very ineffective securities regulatory system. They have 13 provincial regulators and no central SEC, NASD, or FINRA type regulatory bodies.
Much "shorting" is believed done "offshore" in Canada which has no NASD etc. regulating their brokerages.
Read the article mentioning CARLO CIVELLI.