“This is a company that has NO RESERVES — not proven, probable or even possible; just a ‘contingent resource estimate’ from a firm that InterOil paid, after shopping among firms — and has NEVER delivered on its countless promises of huge natural resource finds in over 200 press releases over more than 10 years. Sure, there’s gas there — this isn’t Bre-X — but we think there’s only a tiny fraction of what IOC claims.”
--- Whitney Tilson
Sentiment: Strong Sell
Tilson's partner FIRED him. He has lost 1/2 his assets and his shorts picks like Netflex were just terrible performers which is why its T-1 now. He's your hero which tells the tale about who you are!!
The well flowed at a maximum rate of 44.8 million cubic feet of gas per day with 10.4 to 14.9 barrels of condensate per million cubic feet through a 64/64" choke. The analysed gas composition is similar to Antleope-1 and Antelope-2.
Sentiment: Strong Buy
According to Wikipedia In 1985 Whitney "Tilson graduated from Northfield Mt. Hermon School, where his father was Academic Dean, and then graduated magna cum laude from Harvard College with a bachelor's degree in Government in 1989. After college, Tilson helped Wendy Kopp launch Teach for America and then spent two years as a consultant at The Boston Consulting Group. He earned an MBA with High Distinction from Harvard Business School in 1994, where he was elected a Baker Scholar (top 5% of class).
In 2004, Tilson partnered with John Schwartz to create the Value Investing Congress which has become the premier event for value investors to attend, and dubbed the, "Superbowl of Value Investing" by CNBC."
Prior to raising money from investors, who later sued him, Philippe Mulacek is believed to have managed a water park in Lubbock Texas.