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A developing fully-integrated energy company whose focus is on operations in Papua New Guinea and its surrounding region.
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Recs
Quanobean (85.93) Submitted: 11/24/06 8:45 AM : Start Price: $23.59 IOC Score: 42.40
Next test of Elk-1 will be excellent, creatinganother bounce. The next well drilled in the Puri/Mendi Limestone, if even moderately successful, will catapult IOC to Treble record highs. The target limestone is a huge play with very good permeability.
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Allstar13913 (99.94) Submitted: 2/22/07 7:16 PM
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How will they get the oil out? No one has been able to explain this to me....
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raynards (< 20) Submitted: 4/23/07 3:08 PM
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Not only do they have carriers lined up, IOC has already purchased a huge carrier vessel of it's own. Korea has recently bought 11% of the company stock. If this hits it will be huge.
Quanobean (85.93) Submitted: 3/05/08 8:35 AM
It's now in place, albeit 2012, with the government the only potential fly in the ointment. I was disappointed in the perm and porosity of the last well, Elk 2, but the way they are staging the announcements surrounding Elk 4, this could take quite a run.