Now where did they get the idea?
Wednesday, January 23, 2:47 PM ET
This afternoon's swoon in shares of InterOil (IOC -8.5%) may be traced to rumors the company is running into issues with its Papua New Guinea project. In November, the government approved a proposal to build a 3.8M/year metric ton liquefied natural gas plant; since then, IOC has been working on a modified project agreement and securing a recognized operator of the proposed facilities.
Running into issues? How can that be? A-3 confirmed continuation of the field!!!
Promptly!!! Allowing us to focus on issues!!! Cripe it is the cheapest and easiest field to develop. Fewest wells. Easiest port in the world to create. Friendly people. Shortest pipeline. Macro economics using modular plants and build ups to suit further add ons. Democratic government. No terrorists. Close to thriving markets.
The government loves IOC!!! Been in country for 12 plus years!!!
40 plus identified reefs.
They've been working on this so long they have back up plans to back up plans and schemes. File folders of banking documents to schemes that failed.
1200 plus staff working 24/7 plus 3 IBs working full out to bring this all to fruition. 17 months of roll out to launch this mission. To get it just right.
Captain Mulacek at the helm with PM O'Neill guiding PNG into the 21st century with economics of industry and power.
This can not be true that there are issues.
Sentiment: Strong Buy
I hope there are no issues, like the rest of you longs, but I am curious, how many months delay would it take before you guys would start to think that they actually might be issues? Every week my worry meter goes up a little, but I and you don't matter. It looks to me like maybe the bigs' worry meters are starting to move again.