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Message Boards Settings InterOil Corporation (USA (IOC) - Quote Info
The best part from Wayne..     15-May-09 06:50 pm    
Now you know why Howard didn't want to answer my repeated question why, considering the quality of Elk/Antelope, it won't be monetized while other much less productive resources are:

["That's the game plan. That's why I came to the company because let's try to put some perspective on valuation. Exxon has a project where they also are taking gas, these gas fields, and they're going to build a pipeline all the way down here to an area near Port Moresby where they've already bought land and they want to build an LNG project. There was a partner that owned some of the resources and part of the plant and they sold their interest to Nippon, a Japanese firm in December when oil prices were $35 a barrel and they got $800 million for 3.6% interest. I think our project is better than Exxon's. It's better because we've got all the infrastructure. Our wells here are averaging about one-third the cost. They're drilling wells for $75 to $100 million. Our wells are costing between $25 and $40 million. The initial productivity of our wells is several hundred million cubic feet a day. Up here, they're in the 8 to 15 million cubic foot a day range. So we're 20 times more productive at one-third the cost, 60-fold improvement in economics versus drilling in this sandstone reservoir up here versus the limestone that we've discovered here. So our project is low cost. I told you the gas is low cost. We've got the place to build the plant. Off-the-shelf technology, very simple project and we've had an overwhelming amount of interest in it and if we could achieve, you know, if you calculate what the valuation is based on the sale, 3.6%, that values our interest something in the $10 billion range and we're a 1.3 billion market cap company site"]
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The best part from Wayne..
stpioc 15-May-09 06:50 pm  
 
Well then sue him, that will be highly entert...
stpioc 15-May-09 06:59 pm  
 
Entrapped? Maybe Wayne ate a Twinkie be...
hsirota 15-May-09 09:33 pm  
 
Stock manipulation is a criminal of...
antsprayers... 15-May-09 09:47 pm  
 
One of the co-conspirators in collusion with ...
antsprayers... 15-May-09 09:49 pm  
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Interoil Corp. (IOC)

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On Feb 9: 63.01 Up 0.89 (1.43%)
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