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Latest Liquid Niugini LNG Stories

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 04:20:43

- 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...

2014-06-17 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...

2014-03-28 08:21:31

InterOil's Third Well This Month SINGAPORE and PORT MORESBY, Papua New Guinea, March 28, 2014 /PRNewswire/ -- InterOil today began drilling at the Raptor-1 site, as part of its US$300 million oil and gas exploration campaign in Papua New Guinea. This will be InterOil's third exploration well started in PNG since the beginning of March. Raptor is about 20km south-west of Wabo in the Gulf Province. The other two exploration wells begun this month are Bobcat-1, about 20km north of...

2014-03-28 04:21:18

SINGAPORE and PORT MORESBY, Papua New Guinea, March 28, 2014 /PRNewswire/ -- InterOil (NYSE: IOC; POMSoX: IOC) has received notification from Oil Search (ASX, POMSoX: OSH) of a dispute under the Joint Venture Operating Agreement relating to Petroleum Retention License 15 in Papua New Guinea. We will be responding in accordance with the terms of that agreement. Any proceedings commenced by Oil Search seeking to set aside the transaction completed with Total S.A. (Paris: FP, NYSE: TOT)...

2014-03-26 08:23:29

PORT MORESBY, Papua New Guinea and SINGAPORE, March 26, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) announced that it has completed the acquisition of an additional 1.0536% participating interest in Petroleum Retention License 15. The consideration for the interests was $41.53m, satisfied by the issue of common shares of InterOil. About InterOilInterOil Corporation is an independent oil and gas business with a primary focus on Papua New Guinea and the...

2014-03-25 20:20:57

PORT MORESBY, Papua New Guinea and SINGAPORE, March 25, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) announced that it will hold a conference call to discuss closing of the revised sale and purchase agreement with Total SA covering the Elk-Antelope gas field in Petroleum Retention License 15 in Papua New Guinea. The conference call will be held on Wednesday, March 26, 2014, at 7:30 a.m. Central (8:30 a.m. Eastern) to discuss the details of the transaction. The...

2014-03-25 20:20:53

- Revised sales and purchase agreement closes PORT MORESBY, Papua New Guinea and SINGAPORE, March 25, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) and Total SA (Paris: FP, NYSE: TOT) have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. Under the revised agreement signed today, Total has acquired - through the purchase of all shares in a wholly owned InterOil...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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