InterOil Corporation, an independent oil and gas business with a sole focus on Papua New Guinea, has provided the following update regarding InterOil's pending transaction with Exxon Mobil Corporation
As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the Supreme Court of Yukon. The hearing was held on 27 September 2016 and the court is considering the matter, including an objection filed by Phil Mulacek.
Completion of the transaction prior to the end of September would require issuance of a final order no later than the close of business on Thursday, 29 September.
ExxonMobil and InterOil intend to close the transaction promptly after the final order is obtained.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/29092016/exxonmobil-transaction-update/