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InterOil Corporation Message Board

copshauni 2 posts  |  Last Activity: May 5, 2016 6:28 AM Member since: Apr 7, 2009
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  • Reply to

    questions send to introil

    by copshauni May 5, 2016 6:26 AM
    copshauni copshauni May 5, 2016 6:28 AM Flag

    with thanks to CAC from shareholdersunite

  • Dear,

    As a longtime shareholder I'm asked to vote against the dissident resolutions but :

    That summarizes pretty well what IOC has accomplished over the last year or two. And it's a substantial list. It does, however, make me wonder what exactly IOC is doing now since almost all of those tasks are in their rear view mirror.
    * IOC had to spend time and resources operating the refinery...now they don't.

    * IOC had to spend time and resources closing the sale of the refinery...now that is behind them.

    * IOC had to negotiate with various entities for the E/A transaction and then close the deal with Total...but that's now done.

    * IOC remained the operator of the project for a while...but now TOT is handling that.

    * IOC had to drill some exploratory wells...but has now put all of that on indefinite hold.

    * IOC had to get their financing squared away...but that is now behind them as well.

    What exactly is the management team doing on a day to day basis right now?

    These questions are asked on a forum dedicated to interoil. So, I'm not the only one who'd like to have some answers. The PR of interoil is doing a poor job so far. We learn more about interoil by reading Oilsearch statements than statements made by our own PR. Things have to change cause a lot of people are behind Phil resolutions.

    Best regards

IOC
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