InterOil (NYSE:IOC) just filled its cash coffers with one of those big golf tournament-type checks from Total (NYSE:TOT). With $400 million now on the books, the company will be able to accelerate its plans to explore and develop its massive acreage licenses on the island nation of Papua New Guinea. This is the first major step in the right direction for InterOil, and hopefully it will translate to success down the road toward building its own liquefied natural gas terminal to service the high-demand Asia-Pacific market.

There are some elements of the InterOil business model that might make an investment in the company rather compelling. Before jumping in and buying shares of this company, there is one thing you need to know. Find out what it is by tuning into the video below.

Three energy companies that the IRS gives you a "free pass" for owning
You already know record oil and natural production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Tyler Crowe has no position in any stocks mentioned.  You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

The Motley Fool recommends Total SA (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.