IOC management with the approval of the PNG government is negotiating for the sale of part of it's vastly rich certified Elk and Antelope gas fields. Management can not make public these confidential negotiations. Based on the fact that IOC already sold a 10% interest in another uncertified gas field to PRE for hundreds of millions, it's not difficult to conclude that the Elk/Antelope sale will be for a much greater sum.
This natural gas has a low extraction cost and IOC is located near the Asian markets where LNG (liquid natural gas) sells for triple the price it does sell for here. This is just the beginning.