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InterOil Corporation Message Board

  • pickboone pickboone Aug 29, 2013 12:59 PM Flag

    InterOil weighs double listing in Sydney

    Here’s an article that just appeared in Australia Financial Review a few days ago; it went unnoticed, but it would be a big deal if true. This could be a very big positive catalyst for IOC. A double listing in Sydney with LNG on fire and Australian investors scrambling to find compelling LNG investments in the country could catapult IOC much higher. It’s not like the old days when InterOil was listed in Sydney, as LNG was much more nascent back then and InterOil didn’t even have a resource in those days. Today, Oil Search is the energy darling of Australia. It trades at a $10 billion market cap and doesn't have as much gas as IOC or as good a license position. If InterOil were listed in Australia today, it would attract significant additional buying interest and sell-side coverage. This would be a brilliant move by Hession, especially after the Exxon deal is announced. I've believed since the discovery of Antelope that InterOil's stock could be 50 - 100% higher if it were listed in Australia since investors there are so much more familiar with the value of natural gas resources that can be exported to Asia. Also, they are very familiar with Hession and his achievements at Woodside.

    InterOil weighs double listing in Sydney
    PUBLISHED: 23 Aug 2013 00:33:06 | UPDATED: 23 Aug 2013 00:33:06PUBLISHED: 23 Aug 2013 PRINT EDITION: 23 Aug 2013
    Eight years after the $3 billion-plus Canadian energy explorer InterOil exited from the Australian Stock Exchange there are rumblings the company is mulling a return to the region…. (I don't have the rest of the article -- it's subscription only)

    Sentiment: Strong Buy

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IOC
52.37-1.89(-3.48%)Oct 1 4:02 PMEDT

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