Great Call on Disney! What's Next?

• Report this Comment On July 07, 2009, at 12:31 PM, kencooksam wrote:

  Another poorly researched article on IOC. CC today outlined a stripping plant with NPV of $700 million to open in 2011. That makes IOC a $55 a stock. If oil bounces to the $130 area thats $80 a share. Bidding process has over 30 qualified bidders.Vhinese have indicated they will pay $500 million. CEO and PM of PNG in Japan today working on the deals. Alld eals to be complete by year end is what I undersand. All one needs is one deal in reality for x % of IOC at Y price. Then the stock flys..Hot money leaving today Bye Bye.Motley Fool lives up to their name lately FOOL.Shame on you for not doing fundamental research on a stock!!!

• Report this Comment On July 08, 2009, at 9:56 PM, TMFKopp wrote:

  @kencooksam

  Can I ask what part of the article was wrong about IOC? What's noted in the table is that the CAPS member listed above rated the stock an underperformer and that the stock carries an overall one-star rating on CAPS.

  Neither are debatable opinions, nor are they misreported facts. In fact, you can double-check the truth of both by visiting CAPS (http://caps.fool.com -- it's free).

  If your goal here was to tout IOC's stock, that's fine, but next time you may want to make sure you've read and understood what the article is saying before you start tossing around accusations.

  Matt

• Report this Comment On July 10, 2009, at 8:56 AM, kencooksam wrote:

  Matt

  Don't know who you are. But you bash IOC on a regular basis.IOC is up 100% year to date and the market Matt??The S&P Matt.I posted on your board and am a Cap member. One has to ask who pays Motley Fool to bash IOC. ?? If you are not paid then in repsondsile journalism wheres the Fair and Balanced??You are not balanced and thus not FAIR. Thus one has to ask WHY??See this below.

  Platts IOC to name partners SOON!! Interview CEO Mulacek

  Tokyo (Platts)--9Jul2009

  The InterOil-led Papua New Guinea LNG project is about to narrow down the

  field to "a few" potential partners to take a stake of 25-35% in the

  development, with an eye to making a decision by the end of this year, the

  Canada-based company's chairman and CEO Phil Mulacek said in an interview this

  week.

  "We [gave] access to 30 companies interested [in the project]," Mulacek

  said. "We are now trimming [them] down to a few groups," he said of the

  ongoing qualification round.

  InterOil plans to invite new partners to take a 25-35% share of

  developing the Antelope gas structure, liquefaction and offtake. "We are

  working in the qualification through partners to join our project first, and

  then [the] next stage is the LNG offtake," Mulacek said.

  The interested companies included "a couple of Japanese consortiums," and

  also came from China, Europe and the US, Mulacek said, declining to identify

  any of the parties. He was scheduled to meet a number of Japanese companies in

  Tokyo over July 7-8.

  Mulacek would not detail definitive time frames for concluding the

  qualification round, but said "it is in everyone's interest to get

  negotiations to define [it] as quickly as possible." Speaking to Platts in

  Tokyo in May, Mulacek had said InterOil was planning to make a decision on new

  partners "over the next two to three months."

  InterOil is also drilling the Antelope-2 well over the next 90 days to

  define oil and heavy condensate as part of serialized efforts to certify

  reserves, Mulacek said. The LNG project is based on reserves in the Elk and

  Antelope gas fields.

  "We have certified between 3.4 and 4.7 Tcf of gas as of December 31,

  [2008]" he said. "All the parties have upgraded that to 6.1-7.3 Tcf [in their

  interim reports]. The utilities want 2 to 4 Tcf, so we clearly have more than

  enough gas requirement for the first [LNG] train," Mulacek added.

  The project's first LNG production train would have a capacity of 3.5

  million mt/year and a nominal throughput of 4 million mt/year.

  "They [potential buyers] can now price the gas, but what we cannot yet

  define is the question whether there is 100 million barrels of condensate or

  oil or is there 500 million barrels? We do not know yet but we know it is

  going to be a very significant amount," he added. InterOil's current estimate

  for the field's oil reserve is 100 million barrels.

  "All we can do [now] is work with the Japanese consortium to work out a

  pricing structure," Mulacek said. "As the liquids and oil are finally defined

  then we can proceed with closing. This is the mechanism we are focused on," he

  added.

  "We have had expression [of interest] for 100% of the offtake so we are

  very comfortable," Mulacek added. "In an agreement we design for two trains,

  but we are looking at this one after another."

  InterOil and its project partners PNG's national petroleum and mining

  company Petromin PNG and Pacific LNG, an investment arm of Switzerland's

  Clarion Finanz, now plan to make a final investment decision on an oil and

  condensate development at Antelope this year. Oil and condensate output from

  the project would start up in 2010 and 2011 respectively, Mulacek said.

  The final investment decision for the LNG project is targeted for 2010,

  with production planned to start in 2014.

  Separately, Petromin is seeking an offtake-for-debt agreement with Japan

  to fund its purchase of equity in the LNG project, Mulacek said, declining to

  elaborate. The company is seeking up to $500 million in financing from Japan

  and in turn would offer 20%, or at least 800,000 mt/year, of the project's LNG

  offtake under a 10-year agreement.

  Petromin is also in talks with state-owned Japan Bank for International

  Cooperation and Japan Oil, Gas and Metals National Corporation on the

  providing of financial support for PNG's upstream-to-downstream LNG chain.

  --Takeo Kumagai, takeo_kumagai@platts.com

• Report this Comment On July 29, 2009, at 1:52 AM, flabanker wrote:

  It seems with every article I read which touts a fool member with a score of 99++, when I pull up their history it looks terrible. I am new to Fools, but what am I missing. When I checked out Fool Allstar Priemtime300 he has 145 current picks. On the first page he has only 16 out of 75 calls showing a green positive points. On the second page, out of 70 picks he has only one with green positive points and 69 wrong. That means out of 145 picks he has only 17 correct. I do not need to do the math to tell me he/she is losing on nearly 90%. Good thing he isn't using real money. Please tell me where I am wrong. This person can not be one of your best. The same for StatGeek, but maybe even worse and his score was 99.98????? What is the deal.

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