I've always thought that while IOC sp is tanking, it could be because of rumors EWC are still involved with them and IOC investors believe the meme that EWC is broke and shonky.
IOC shorts have invested a lot of effort into bagging EWC mercilessly ably helped by MW and others.
So now while their sp is flailing after the XOM announcement which specifically mentions IOC and PAC LNG having the option to develop their own Gulf LNG Project ( just as EWC have always planned) , i have found a like minded poster...
This is a bit of a rant from some dope on the Interoil Yahoo board, the funny thing is , i think he is short Interoil
28/5/13- EWC/Interoil/yahoo
"Oh dear-poor fool-he de facts from POM: IOC chose Exxon for one simple reason-Exxon were the only company to agree to IOCs splitting the resource-cos only Exxon can do anything with 2 TCF. IOC think they are gonna put the rest in an EWC LNG plant that sells LNG to......EWC! for Regas in the Phillipines-now EWC of course will pay a LOOOOOOWWW price for the off take and charge a higggggghhhh price for the delivered gas to the yet to materialise Regas terminal......now who I wonder profits?? Why...it's EWC and Pac LNG who's shareholders are........not you. Those in the know have worked this out and are bailing..... "
See what i mean - good for EWC is bad for Interoil in most IOC shareholder eyes.
I wish it also worked in reverse , but what can you do?
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