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InterOil (IOC) +5.8% premarket on reports the company's JV is planning on selling half of two...

  • Tuesday, October 16, 2012, 8:34 AM ET
    InterOil (IOC) +5.8% premarket on reports the company's JV is planning on selling half of two gas fields it owns in Papua New Guinea to the government and local owners, a move that may unlock development of a new $6B-plus export project. IOC also enters into a $100M secured term loan facility with BNP Paribas and other banks.
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    Planning on selling is half the equation. Is the government planning on buying?
    16 Oct 2012, 10:08 AM Reply Like
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