Edition:
United States

Interoil Corp (IOC)

IOC on New York Consolidated

48.21USD
17 Jan 2017
Change (% chg)

$0.04 (+0.08%)
Prev Close
$48.17
Open
$48.05
Day's High
$48.25
Day's Low
$48.05
Volume
164,511
Avg. Vol
400,485
52-wk High
$51.49
52-wk Low
$21.18

Latest Key Developments (Source: Significant Developments)

High Arctic Q3 adjusted earnings per share C$0.16
Thursday, 10 Nov 2016 08:09pm EST 

High Arctic Energy Services Inc : High Arctic Energy- Exxonmobil's recent bid to purchase Interoil "continues to support long-term development" of Papua New Guinea's natural gas resources . High Arctic reports 2016 third quarter results . Q3 revenue C$47.5 million versus I/B/E/S view C$48.1 million . Q3 adjusted earnings per share c$0.16 .Q3 earnings per share view c$0.10 -- Thomson Reuters I/B/E/S.  Full Article

High Arctic Q3 adjusted earnings per share C$0.16
Thursday, 10 Nov 2016 06:15pm EST 

High Arctic Energy Services Inc : High Arctic Energy- Exxonmobil's recent bid to purchase Interoil "continues to support long-term development" of Papua New Guinea's natural gas resources . High Arctic reports 2016 third quarter results . Q3 revenue C$47.5 million versus I/B/E/S view C$48.1 million . Q3 adjusted earnings per share c$0.16 .Q3 earnings per share view c$0.10 -- Thomson Reuters I/B/E/S.  Full Article

Interoil says Yukon court upholds appeal lodged by former CEO Phil Mulacek on ExxonMobil deal
Friday, 4 Nov 2016 02:34pm EDT 

Interoil Corp : Interoil provides update on Exxonmobil transaction . Interoil Corp says court of appeal of Yukon has upheld appeal lodged by Phil Mulacek . Interoil Corp says court of appeal overturned supreme court of Yukon's approval of pending transaction with Exxon Mobil on October 7, 2016 .Interoil Corp - "continues to believe that current arrangement agreement represents compelling value for all interoil shareholders".  Full Article

Interoil urges shareholders to vote for Exxonmobil deal
Friday, 19 Aug 2016 06:00am EDT 

Interoil Corp : Interoil highlights value created by Exxonmobil transaction . Files management information circular for special meeting on Exxonmobil transaction .Urges shareholders to vote for Exxonmobil transaction.  Full Article

Interoil qtrly loss per share $1.16
Thursday, 4 Aug 2016 07:00am EDT 

Interoil Corp : Interoil Corporation discloses second quarter 2016 results . In light of pending transaction with Exxon Mobil Corp Interoil will not hold conference call to discuss its quarterly results . Qtrly loss per share $1.16 .Qtrly revenue $10.7 million versus $13.6 million.  Full Article

Oil Search says Q2 total production 7.17 mln barrels of oil equivalent
Wednesday, 20 Jul 2016 08:19pm EDT 

Oil Search Ltd : Quarterly report to 30 June 2016 . Total production in the second quarter of 2016 was 7.17 million barrels of Oil equivalent (mmboe). . Total revenue for the quarter was US$267.7 million, 15% lower than in the first quarter of 2016 . Qtrly total sales 7.20 mmboe versus 7.97 mmboe in Q1 2016 . Cash flow break-even in 2016 is expected to be less than US$20 per barrel of Oil equivalent (boe), . Expects to be able to fund all proposed capital expenditure programmes, including the equity share of our lng expansion projects, all the way through to production . Operating costs, including expenses related to the Interoil bid are expected to be between US$83 million and US$88 million . Operating cost guidance for the 2016 full year remains unchanged. . 2016 full year production guidance has been upgraded, from 27.5 --27.5 mmboe to 28.0 --30.0 mmboe . Outlook for development expenditures has been amended to reflect cost savings on remaining png lng development activities" . Range for exploration and evaluation expenditures has been lowered" . Net finance costs will be in the order of US$95 - 97 million, consisting primarily of png lng project borrowing costs" . Tax rate for the full year is expected to move towards the statutory tax rate for gas of 30%" .  Full Article

Oil Search receives notification from InterOil of superior proposal
Sunday, 17 Jul 2016 08:13pm EDT 

Oil Search Ltd : Oil Search receives notification from Interoil of superior proposal . IOC notification of superior proposal . Interoil has received what the Interoil board has determined constitutes a `superior proposal' from Exxon Mobil Corporation . Proposal from ExxonMobil for Interoil comprises a fixed price of US$45 per Interoil share paid in ExxonMobil shares . Interoil has advised that it intends to make a change in its recommendation and enter into an arrangement agreement with ExxonMobil. . Says the CRP will be payable in cash at resource certification and will not be transferable or listed on an exchange . Says Total SA is aware of these developments and Oil search's right to submit a revised offer . If Oil Search arrangement agreement is terminated, Oil Search is entitled to be paid a US$60 million break fee .  Full Article

Interoil says received unsolicited acquisition proposal from third party
Thursday, 30 Jun 2016 10:04am EDT 

Interoil Corp : Says has received from a third party an unsolicited proposal to acquire 100 pct of the outstanding common shares of interoil. . Says its board is carefully reviewing and considering the unsolicited proposal. . Board of directors continues to unanimously recommend the oil search transaction to its shareholders Source: (http://1.usa.gov/297GJvb ) Further company coverage: [IOC.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Interoil urges shareholders to discard any proxy from Mulacek
Thursday, 9 Jun 2016 11:48pm EDT 

Interoil Corp : Interoil to proceed with shareholder meeting as scheduled . Encourages shareholders to vote white proxy as recommended by board for all of interoil's director nominees . Urges shareholders to discard any proxy sent to them by Phil Mulacek. .Says board has reviewed Mulacek's resolutions and determined that they are not in best interest of Interoil or its shareholders.  Full Article

Petroleum Independent & Exploration says disappointed with Interoil's board
Monday, 23 May 2016 06:44pm EDT 

: Petroleum Independent & Exploration says disappointed with Interoil's board for approving proposed bid by Oil Search Ltd .Petroleum Independent & Exploration Says Interoil's Ex CEO Mulacek also expressed disappointment over Interoil board's decision.  Full Article

BRIEF-Interoil says Exxonmobil remains fully supportive of deal

* Interoil Corp-Court of appeal of Yukon allowed appeal lodged by Phil Mulacek and overturned supreme court of Yukon's approval of pending deal with Exxon on October 7

No consensus analysis data available.