A developing fully-integrated energy company whose focus is on operations in Papua New Guinea and its surrounding region.
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I have trouble sharing some of the shareholders enthusiasm with this company. Same old story, same old song. Too much debt and problems, no basis for future if the past is anything to go by.
Debt is now dramatically down. IOC has lots of news to come shortly Dec/Jan time period. See investor presentation slides on IOC's website. All third world developement is slower than desired. Thats why the opportunity is here.