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Analysts back InterOil offer

INDUSTRY insiders believe that the lack of a competing deal for Papua New Guinea firm InterOil, and the promise of cold, hard cash next year will convince shareholders – including rebel Phil Mulacek – to back Oil Search's takeover offer, <i>Energy News</i> has learned.

Analysts back InterOil offer

Oil Search is offering 8.05 of its shares for every InterOil share, and a contingent value right of $US6.05 per InterOil share for every trillion cubic foot equivalent above 6.2Tcfe. Oil Search will pay...

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