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, Energy News has learned.

Analysts back InterOil offer Analysts back InterOil offer Analysts back InterOil offer Analysts back InterOil offer 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.

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