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InterOil Corporation Message Board

  • bonkthegrups bonkthegrups Jun 24, 2013 4:58 PM Flag

    Cultural experiece

    Not much more. I will say there are some genuinely nice people that own this stock.

    My best guess:

    - A "deal" is doable

    - Seems the "deal" is enough cash for delination and recertification. That's it, IMHO.

    - Perhaps a further payment on recertification outcome on 1P or 2P reserves. I see this as perhaps a 2015 event.

    - The language on "maximizing upside" is IOC-speak for an earn-out based on actual production IMHO - I doubt this statement would hold up to a time value of money (risked) analysis.

    - Surprising (and yet not) the rekindling of Gulf LNG discussions.

    - I see a gaping cash hole for the Triceratops and Gulf LNG advancements.

    This cash hole + perhaps some timing disappointment + the clarity on a low-risk structure from Exxon's perspective = selloff IMHO.

    Just my 2 cents and all IMHO.

    The hat is cool, the lunch was free, and my put spread has done well. Everything is coming up bonkers.

    Kind of sad seeing Phil off in the corner like that though...

    Sentiment: Strong Sell

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