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InterOil Corporation Message Board

tooocents 28 posts  |  Last Activity: Dec 21, 2014 6:31 PM Member since: Mar 6, 2009
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  • Reply to

    Happy Holidays to All.........

    by reality_gerald Dec 21, 2014 6:16 PM
    tooocents tooocents Dec 21, 2014 6:31 PM Flag

    And to you and yours Gerald.

    And to everyone else.

  • Reply to

    year end tax loss selling

    by edsilverstreak Dec 11, 2014 1:45 PM
    tooocents tooocents Dec 19, 2014 10:58 AM Flag

    Ed, we already recovered $6 of the ~$14 we lost. Options expire today and its low volume so we'll have to wait and see if we recover the rest and more after the New Year.

    PS. Merry Christmas to All

  • tooocents by tooocents Dec 15, 2014 12:01 PM Flag

    ExxonMobil currently has a Zacks Rank #3 (Hold). Better-ranked players in the energy sector include Sandridge Mississippian Trust II (SDR), Seadrill Partners LLC (SDLP) and InterOil Corp. (IOC). Each of these stocks sports a Zacks Rank #1 (Strong Buy).

  • Reply to

    year end tax loss selling

    by edsilverstreak Dec 11, 2014 1:45 PM
    tooocents tooocents Dec 11, 2014 2:20 PM Flag

    Ed, I just checked the Historical Prices for the last 2 years and it was very much the same thing. After the 1st it started going back up. PS A little above average volume but no major selloff and 300,000 for the average is low.

  • Reply to

    Good News... but no information

    by my2cows Dec 11, 2014 9:05 AM
    tooocents tooocents Dec 11, 2014 9:52 AM Flag

    Those two Cow's are Utterly Ridicules

  • PAPUA New Guinea sits on few large undeveloped gas resources with huge exploration potential that can go on for the next 50-years onwards, an expert says.
    National Petroleum Company PNG (NPCP) managing director Wapu Sonk made that assessment to The National when asked about the firm’s confidence and participation in the LNG industry.
    The company, as state nominee, holds a 16.6% stake in the US$19 billion (K48b) PNG LNG Project and will get another 22.5% in the second LNG project in Gulf.
    Sonk said NPCP is the nominee for future projects like Gulf LNG and it’s been mandated to hold past assets like Eda Oil, which is held by Petromin.
    “PNG is the next frontier for exploration and we just need to get our policies and incentive packages right to encourage more exploration so we can discover the undiscovered oil and gas resources we know we have in our country,” he said.
    Formed in 2008 as Kroton # Ltd under the Independent Public Business Corporation, the name change occurred in September 2010 when the PNG LNG Project entered Final Investment Decision (FID) and construction works was starting.
    Sonk continued: “We have a stake in all the projects that get developed so NPCP’s role is to be an active partner in developing our resources and the challenge is to maximise the value to the State and our people by ensuring the international oil and gas companies do things according to established policies and laws.
    “NPCP is progressing very well. As LNG revenues flow into NPCP and our balance sheet grows, we will be looking at new projects, some asset acquisitions etc.

  • InterOil hosted Papua New Guinea (PNG) National Petroleum and Energy Minister Nixon Duban at its Raptor-1 and Antelope-5 drill sites at the Elk-Antelope gas field on Thursday, November 20, 2014. The visit was Minister Duban’s first visit to the gas field and underscores the importance of the project to PNG and its people.

    Present at the visit were InterOil Chairman Chris Finlayson, CEO Dr Michael Hession, National Petroleum Company PNG Managing Director Wapu Sonk, Total PNG Managing Director Phillippe Blanchard and members of the media.

    At a press conference hosted at the Raptor-1 drill site, Minister Duban said that the Elk-Antelope is a “milestone project for PNG, and globally”. It is “almost equivalent to PNG LNG” and “might be bigger and better”, with the potential to double the nation’s LNG output.

    Minister Duban added that the government is keen to see the project start immediately and assured that the project license PRL15 will be renewed. He said the project has “total support from the government” and is on the right track to deliver on time. He also put his stamp of approval on Total as partner of the project.

  • Interoil and Oil Search hosted over 30 investors and analysts at the Antelope-3 camp site in PRL15 on November 18 and 20. Investors were given a bird’s eye view of the Antelope-4 and Antelope-5 appraisals well sites. Investors had a better appreciation of the relatively mild terrain and easy water access in the Gulf region.

  • Reply to

    HAPPY THANKSGIVING TO ALL

    by edsilverstreak Nov 26, 2014 9:11 AM
    tooocents tooocents Nov 26, 2014 5:05 PM Flag

    Same to you Ed...

  • Reply to

    The last few days

    by nback711 Nov 26, 2014 6:33 AM
    tooocents tooocents Nov 26, 2014 8:21 AM Flag

    Gee, If I was a smart investor how would I find that out?

  • From the Chief Executive Officer

    The natural advantage of Elk-Antelope

    Planning for the Elk-Antelope LNG Project continues to step up with more than 500 people now working on the project in Papua New Guinea, Australia, Singapore and France.

    Concept selection studies are well advanced and onshore and offshore surveys are due to start before the end of 2014.

    The project promises to benefit from the pioneering PNG LNG Project, which has shown the world that Papua New Guinea can build and operate mega-projects.

    In addition, Papua New Guinea is now recognised as having one of the lowest-cost greenfield LNG projects in the world, a huge advantage over other competing LNG projects in Australasia.We believe Elk-Antelope will support at least a two-train project and will benefit from several advantages over other gas developments in Papua New Guinea.

    It is closer to infrastructure than any other developed gas field in the country and it is close to a major river, an important cost benefit when transporting people and equipment.

    It also has the natural advantage of being in a less-mountainous region than other major gas fields, a big factor in development cost. But more importantly, it is a single gas field that can be developed without the expense of pipelines and processing facilities to collect gas from multiple fields.

    Our opportunity – and the opportunity for Papua New Guinea – is to make the most of these metrics in developing Elk-Antelope efficiently and effectively.

    Dr. Michael Hession
    Dr. Michael Hession

  • Reply to

    PNG LNG

    by edsilverstreak Nov 23, 2014 6:14 PM
    tooocents tooocents Nov 23, 2014 6:44 PM Flag

    Ed this ones for you
    THE Elk-Antelope gas field in Gulf Province will be developed into the biggest liquefied natural gas (LNG) project in Papua New Guinea, its developers say.

    The US$20 billion (K50 billion) project will take at least five years to build with construction due to start within 14 months and the first LNG export due in late 2020 or early 2021.

    The Elk-Antelope LNG project will be bigger by cost and production output, surpassing the current PNG LNG project cost value and gas output with an estimated 9.9 trillion cubic feet (tcf) of gas.

    It will be operated by the State preferred operator, France’s energy giant Total SA partnering with InterOil Corporation and the National Petroleum Company of PNG (NPC) as the State nominee.

    The project partners, in a press conference with the Minister for Petroleum and Energy Nixon Duban last Thursday at project site, disclosed that the project is eyeing two LNG trains.

    InterOil chief executive Dr Michael Hession and Total managing director Philippe Blanchard told reporters that the they are focused and committed to delivering PNG’s second LNG project which would be bigger than the current PNG LNG Project which has a blown out cost around K50 billion.

    "This is a major US$15 billion to US$20 billion project. We are looking at going into FEED (front end engineering design) next year and looking at possibly early works to commence as soon as possible.

    "We want to deliver this project cost effectively," Dr Hession said.

    Mr Blanchard added, "we are happy Total has joined the project. We will get this project move forward."

    "Total had invested substantial resources and effort and we are committed and working towards the FEED and final investment decision (FID)," the Total executive said.

    "We are very much focused on delivering a two-train LNG project in PNG."

  • Reply to

    State supprt for Antelope LNG

    by pittsburghnorm74 Nov 22, 2014 7:47 AM
    tooocents tooocents Nov 22, 2014 8:19 AM Flag

    Thanks Norm,
    As for the cost though. Bernstein analyst Neil Beveridge notes the project could cost $US3 billion less than the PNG LNG project with a development cost of $US2500 a tonne, as the Australian Financial Review reports.

  • Bernstein analyst Neil Beveridge was already “incrementally positive” based on a higher conviction that Elk-Antelope will reach final investment decision by 2018.

    Beveridge reportedly visited PNG and held meetings with InterOil management as well as partner companies and industry specialists based in country.

    Importantly, Beveridge notes the project could cost $US3 billion less than the PNG LNG project with a development cost of $US2500 a tonne, the Australian Financial Review reports.

    Excerpts from PNG industry news

  • tooocents tooocents Nov 10, 2014 11:48 AM Flag

    Writing for Platts’ The Barrel blog, Christine Forster noted that analysts were speculating arbitration proceedings launched by Oil Search were ultimately aimed at replacing Total with Oil Search’s partner in the operating PNG LNG project.

    “Hong Kong-based analysts with Bernstein Research, which previously dubbed Oil Search’s purchase of the stake in Elk-Antelope an ‘inspired move’, are now suggesting the arbitration is designed at opening the door for ExxonMobil,” she wrote.

    The field has 9.07 trillion cubic feet of initial recoverable sales gas, according to GLJ Petroleum Consultant’s best-case estimate.

  • Analysts have speculated that Total would ultimately be replaced by PNG LNG operator ExxonMobil, to expedite progress on Petroleum Retention Licence 15, which is considered to be the largest undeveloped gas-condensate resource in PNG.

    But Total PNG Ltd managing director Philippe Blanchard told local media the concept would lay out where facilities for development of Elk/Antelope were to be built.

    “We have to define the type and location of facilities to be built for developing Elk/Antelope,” he told The National newspaper.

    “The timetable is still in progress for the overall project and will depend on the concept selected (concept defined by mid-year 2015).”

    Oil Search has issued a notice of dispute to InterOil in relation to the Elk-Antelope PRL 15 joint venture operating agreement and is pursuing arbitration proceedings through the Papua New Guinea courts and arbitration proceedings in London.

    The dispute related to the transaction announced by InterOil that saw it assign an interest in the Elk-Antelope project area to Total shortly after Oil Search entered the project.

    Both InterOil and Oil Search confidently claim they will prevail in the dispute, set to go to the London Court of International Arbitration for a ruling in late November.

    A decision is expected during the first quarter of 2015.

  • Reply to

    FDA's Drug Review Process

    by tooocents Nov 9, 2014 2:03 PM
    tooocents tooocents Nov 9, 2014 2:16 PM Flag

    Scratch the UDI comment it just has to do with medical devices

  • 1.Preclinical (animal) testing.
    2.An investigational new drug application (IND) outlines what the sponsor of a new drug proposes for human testing in clinical trials.
    3.Phase 1 studies (typically involve 20 to 80 people).
    4.Phase 2 studies (typically involve a few dozen to about 300 people).
    5.Phase 3 studies (typically involve several hundred to about 3,000 people).
    6.The pre-NDA period, just before a new drug application (NDA) is submitted. A common time for the FDA and drug sponsors to meet.
    7.Submission of an NDA is the formal step asking the FDA to consider a drug for marketing approval.
    8.After an NDA is received, the FDA has 60 days to decide whether to file it so it can be reviewed.
    9.If the FDA files the NDA, an FDA review team is assigned to evaluate the sponsor's research on the drug's safety and effectiveness.
    10.The FDA reviews information that goes on a drug's professional labeling (information on how to use the drug).
    11.The FDA inspects the facilities where the drug will be manufactured as part of the approval process.
    12.FDA reviewers will approve the application or issue a complete response letter.

    Labeling is a big issue now because of UDI

  • tooocents tooocents Nov 8, 2014 11:54 AM Flag

    Quoting Bernstein in a recent note, the blog continued: “Oil Search has challenged the Total buy-in, claiming that its own purchase of Pacific LNG Group’s interest vested it with pre-emptive rights in the joint venture.

    “Both InterOil and Oil Search are claiming confidence that they will prevail in the dispute, set to go to the London Court of International Arbitration for a ruling in late November. A decision is expected during the first quarter of 2015,” Forster added.

    “In our view the arbitration is aimed at replacing Total with ExxonMobil to achieve a more timely and efficient development of Elk-Antelope.

    “Bernstein agreed that Elk-Antelope was expected to be significantly lower in cost than PNG LNG on the basis that it would not require an airport in PNG’s Highlands or inter-field infrastructure.

    “In addition, the pipeline would be 50% shorter and over a considerably easier route, and the project could take advantage of synergies from being built on a brownfield LNG site.”

    Bernstein analysts added: “Given the likelihood of a two-train development at Elk-Antelope and the capacity of PNG LNG to accommodate only three trains, the synergies with Elk-Antelope on cost and schedule could be overstated.”

    InterOil CEO Dr Michael Hession recently described the Eastern Papuan Basin as an exciting and emerging petroleum province.

    He told investors InterOil had material interest over most of the Eastern Papuan Basin and was focused and funded to deliver two key strategies – LNG development and exploration.

    The field has 9.07 trillion cubic feet of initial recoverable sales gas, according to GLJ Petroleum Consultant’s best-case estimate.

  • tooocents tooocents Nov 8, 2014 9:48 AM Flag

    It doesn't effect IOC, it's an update on the ex CEO.

IOC
50.49-0.300(-0.59%)Dec 26 4:02 PMEST

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