InterOil’s (IOC +5.4%) promise to come up with a credible partner for its LNG project in Papua...

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

InterOil’s (IOC +5.4%) promise to come up with a credible partner for its LNG project in Papua New Guinea may mean it needs to make an announcement "in a matter of weeks" and Exxon (XOM) may be the most likely partner, according to PNG Industry News. IOC also says it has adopted a new shareholder rights plan and bylaws, though there's no report of takeover interest.