InterOil (IOC) Short Squeeze Watch Now in Effect
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January 24, 2013 8:54 AM EST
InterOil Corporation (NYSE: IOC) announced that it has completed the logging program at the Antelope-3 well in Papua New Guinea. As in the previous wells, conventional wireline logs (porosity, resistivity and sonic) were acquired in addition to formation imaging (FMI), vertical well bore seismic (VSP) and rotary sidewall coring conducted while under pressure. The formation evaluation by Schlumberger indicates an average porosity in the pay interval of 10.2 percent and a... More
January 23, 2013 3:02 PM EST
InterOil Corporation (NYSE: IOC) is under heavy pressure Wednesday, which appears related to fears the Papua New Guinea LNG project development agenda could be in jeopardy. Link.
Shares are down 8 percent into the close, but off the lows.... More
