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2014-08-13 08:22:34

Focus on exploration and production SINGAPORE and PORT MORESBY, Papua New Guinea, Aug. 13, 2014 /PRNewswire/ -- -- Net profit for the quarter of $52.3 million -- Refinery and downstream businesses sold to Puma Energy -- $885 million available at June 30, 2014 -- Preparation well advanced for Antelope appraisal wells -- Chris Finlayson, ex-CEO of FTSE100 BG Group appointed Chairman-designate InterOil Corporation (NYSE:IOC; POMSoX:IOC) has announced another...

2014-08-10 00:20:24

Former BG Group CEO and Shell executive to continue company transformation to a world-class explorer and producer SINGAPORE and PORT MORESBY, Papua New Guinea, Aug. 10, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) has appointed former BG Group Chief Executive Officer and Shell executive Chris Finlayson as Chairman-designate. Mr Finlayson, 58, joins the board immediately, and will replace Dr Gaylen Byker, after an appropriate handover. InterOil is an...

2014-08-04 08:23:44

SINGAPORE and PORT MORESBY, Papua New Guinea, Aug. 4, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil" or the "Company") announced that it will release financial and operating results for the second quarter before the market opens for trading on Wednesday, August 13, 2014 with full text of the news release and accompanying financials available on the company's website at www.interoil.com. A conference call will be held on Wednesday, August 13, 2014, at...

2014-07-22 00:20:37

Current valuation creates long-term opportunity SINGAPORE and PORT MORESBY, Papau New Guinea, July 21, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) will buy up to US$50 million of its own Class A common shares within the next 12 months. The InterOil board has authorised the buy-back to be done periodically on the open market, based on the stock price and other market factors. InterOil's Chief Executive Officer, Dr Michael Hession, said the move made strategic...

2014-07-14 04:21:44

Well suspended due to higher-than-expected pressures SINGAPORE and PORT MORESBY, Papua New Guinea, July 14, 2014 /PRNewswire/ -- InterOil Corporation (NYSE, POMSox: IOC) has suspended the Wahoo-1 well in PPL474 in Papua New Guinea after intersecting gas and higher-than-expected pressures that could compromise rig safety. Significant concentrations of methane, ethane, propane and butane have been recorded and are believed to be entering the well bore from permeable zones above the...

2014-06-30 04:20:52

PORT MORESBY, Papua New Guinea, June 30, 2014 /PRNewswire/ -- Puma Energy, a global integrated midstream and downstream energy company, has today announced the acquisition of InterOil Corporation (NYSE:IOC) subsidiary companies that own refining and fuels marketing businesses in Papua New Guinea for US$525.6 million, which includes adjustments for cash and working capital. Under the deal, which represents Puma Energy's first investment in Papua New Guinea, Puma will acquire...

2014-06-30 04:20:43

- Enhances focus on higher-returning upstream and LNG business SINGAPORE and PORT MORESBY, Papua New Guinea, June 30, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC, PoMSOX: IOC) has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for US$525.6 million, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa...

2014-06-24 16:21:51

Election of Directors and appointment of Auditors SINGAPORE and PORT MORESBY, Papua New Guinea, June 24, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) ("InterOil" or the "Company") is pleased to announce that at its annual meeting of shareholders held in New York on June 24, 2014, all resolutions put before shareholders were approved. Gaylen Byker, Michael Hession, Roger Lewis, Ford Nicholson, Sir Rabbie Namaliu, Samuel L. Delcamp and Sir Wilson Kamit were...

2014-06-17 04:20:29

SINGAPORE, June 17, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has finalised a US$300 million syndicated, senior secured capital expenditure facility through a consortium of banks led by Credit Suisse AG. The facility was supported by InterOil's existing banks, Credit Suisse, Commonwealth Bank of Australia, Westpac Bank, Australia and New Zealand Banking Group, Bank of South Pacific, BNP Paribas, UBS AG, Macquarie Capital Group, and new banks, The Bank of...

2014-05-14 08:23:08

Milestones Reached, Exploration Starts SINGAPORE and PORT MORESBY, Papua New Guinea, May 14, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC; POMSoX:IOC) (the "company") today announced a 2014 first quarter net profit of $318.6 million, due mainly to a one-off $340.5 million gain from the sale of an interest in PRL 15 to Total S.A. of France on March 26, 2014(1). The profit, up from $4.0 million in the first quarter of 2013, is underpinning aggressive exploration drilling across the four...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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