InterOil's (IOC) Q1 earnings and revenue surged but shares -13% premarket as the company also...

|About: InterOil Corporation (IOC)|By:, SA News Editor

InterOil's (IOC) Q1 earnings and revenue surged but shares -13% premarket as the company also says it received notice that the government of Papua New Guinea will reject its plan for a major new liquid gas project in the country. IOC has come under criticism from government officials for failing to abide by the terms of a 2009 agreement.