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InterOil Corporation Message Board

  • papaloapan papaloapan Jan 28, 2013 5:01 PM Flag

    light at the end of the tunnel

    I can understand why shorts have been active with this stock - if they were smart they could make a fortune on the ups and downs - but given where we stand today it doesn't make sense. I am thinking, of course, of the real shorts, not the clowns that are pasting idiotic comments on their behalf. No one really short looks at message boards, but their paid minions spend too much time trying to make people nervous.

    Tilson may be right that we have no reserves, from a US accounting perspective, but we have had world record well tests, and their is no question the volumes are their for development.

    We would not have Duma pushing for a major if he did not know the reservoir details. Nor would we have Mitsui sitting where they are. We have had major investment banks managing the sell down, or whatever they finally do, and if the reserves were not there, neither would they be. And certainly, if management were saying anything misleading, they would be backing away with disclaimers or publicly stepping away from the process. Same goes for the partners that have been named - if they were not there, they would make that clear.

    The recent announcement puts an end to the process, and the request for final binding offers in one month is as definitive as it can get, until they announce one that they accept. The timing of this announcement, combined with the results of the last well test - by Schlumberger, who is also not issuing any denials - essentially suggests that the process, and the bids, were in part predicated on these results. This was the last unknown that these bidders to decide what and how they want to do.

    I've lived with enough of these ups and downs that I could really use some clarity. I think, and hope, that it is now maybe 6 weeks away.

    The short case at this point in time just does not make sense from a risk reward perspective.

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