From Ministry of Foreign Affairs of Japan website:
"1.From March 21 to March 23, The Honorable Peter O'Neill, Prime Minister of the Independent State of Papua New Guinea will make a working visit to Japan.
2.During his stay in Japan, Prime Minister O'Neill is scheduled to have a meeting with Mr. Shinzo Abe, Prime Minister of Japan to exchange views on bilateral relations, regional and international situation and other topics.
3.The visit of Prime Minister O'Neill is expected to further strengthen the bilateral relations between Japan and the Independent State of Papua New Guinea."
Irrespective of whether JKM ends up being InterOil's sell-down partner, this latest development of O'Neill meeting with Japanese Prime Minister Shinzo Abe so soon after his election victory is a positive one for InterOil. Japan remains a primary candidate for InterOil's offtake, even if a major emerges as the victor to operate the Gulf plant. It's possible that this meeting will encompass the development of Elk/Antelope and/or Triceratops, as the LNG market is becoming increasingly tight and the backlash in Japan to resuming nuclear power remains fierce.
This development also highlights the increasing stature of PNG under O'Neill's leadership, a development that will continue to result in the country's natural resources being revalued higher.
Sentiment: Strong Buy