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734 Posts.
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14/02/13
07:26
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Yahoo posters are saying that:
"Richard Chandlers Orchid Fund has increased its holding in Interoil from 10.2% to 14.999%.
He now owns 7,288,011 shares, up from 4,914,649 previously."
The latest SP this morning was at $69.50, that comes to approx a $506m investment.
I wounder if he is still "banking" on EWC being involved with Interoil in this PNG LNG Project.
Final tenders from majors due in by the end of this month.
Fingers crossed.