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

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

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.