Sat, Dec 20, 2014, 11:59 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

InterOil Corporation Message Board

  • sailhappily sailhappily Mar 27, 2013 10:04 AM Flag

    IOC Has A Deal to Sell Elk/Antelope Gas Fields, Just A Matter of When & Price Per 1,000 Cubic Feet

    We know the final and binding bids are in. We know the PNG Prime Minister O'Neil was accompanied by PNG Oil Minister Duma when they met with Japan's Prime Minster last week. PM O'Neil gave assurances to Japan's PM that "the second LNG project (IOC's Elk & Antelope certified gas fields) would be brought to production, thus removing political risk. Also shows that Duma works for O'Neill and will cooperate thus further removing political risk. We know that this week IOC received $55,000,000 from a South American gas and oil company to buy in for 10% of an uncertifield IOC gas field.. The price paid by this company per 1,000 cubic feet of gas was $2.85. Elk and Antelope natural gas fields are certified. IOC will receive a good price.

    There are over 14,000,000 shares short. Everyone of those shares represent a share that needs to be purchased to close the short's position. Think what will happen to the share price then. IOC will announce the purchase of Elk/Antelope most probably by an early morning press release. Shorts are trapped.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
IOC
51.09+1.16(+2.32%)Dec 19 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Under Armour, Inc.
NYSEFri, Dec 19, 2014 4:04 PM EST
ImmunoGen, Inc.
NASDAQFri, Dec 19, 2014 4:00 PM EST
3M Company
NYSEFri, Dec 19, 2014 4:04 PM EST