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InterOil Corporation Message Board

  • pickboone pickboone Mar 19, 2013 9:03 AM Flag

    Seekingalpha Discussion

    I strongly advise that everyone read the discussion area of the seekingalpha article titled "InterOil's Increasing Value Proposition" in which an industry expert named indoreservoir obliterates all of Bonk's arguments one by one. The obliteration extends from the technical merit and precedents of open flow tests based on comparable scenarios to correcting the valuation at which Bonk thinks the Rovuma field in Mozambique is being transacted.

    At $1.10 per mcf for much more expensive gas that doesn't have any third party certification or project agreement with Mozambique and is several years behind IOC's Gulf Project in development, the positive implications for the value of IOC's resource is staggering.

    I can't wait for another one of Adam Gefvert's uninformed articles (this one supposedly on valuation? so it's no longer a fraud???) in which he'll probably draw an incorrect comparison to Rovuma. It will just show the futility of the shorts' few remaining arguments.

    Sentiment: Strong Buy

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