Barring a (hostile) takeover of Interoil, final bids re:lng...

Barring a (hostile) takeover of Interoil, final bids re:lng partnering process has been set for 28 February, 2013. Interoil's BOD will meet in the first week of March 2013 to consider bids and select partner. (see newspaper article below).

InterOil said that it has advised bidders with which the Company has been in discussions that the final binding bid solicitation period for the LNG partnering process currently being undertaken will close on February 28, 2013.
The InterOil Board of Directors intends to meet the Company’s advisors during the first week of March 2013 for the purpose of evaluating bids received and selecting our partner(s) for the development of the Gulf LNG Project utilising gas from the Elk and Antelope fields in Papua New Guinea.
Mr. Phil Mulacek, Chief Executive Officer of InterOil stated, “We are pleased to have the continued support of the PNG Government during the conclusion of our partnering process. The interest demonstrated by major oil, national oil and global utility companies remains strong, and bodes well for the conclusion of our sell down of interest in the Elk and Antelope fields and partnering in the Gulf LNG Project.”