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Mar

INTEROIL RESPONDS TO ALLEGATIONS

Submitted by piradmin on Wed, 03/31/2010 - 00:00

News Release

InterOil Corporation Cairns, Australia March 29, 2010

InterOil Corporation (NYSE: IOC) (POMSoX: IOC) believes that allegations made in an article concerning certain litigation which has been ongoing in Texas since 2005, have been raised now in an attempt to divert attention from the successful operations of the company. Operations conducted by the company which were evaluated by independent engineering evaluations consultants, GLJ Petroleum Consultants Ltd., resulted in an increase in our gross best case contingent resources estimate by 889 million barrels of oil equivalent resources, to a revised total of 8.2 tcf of natural gas and 156 million barrels of condensate, in the past fiscal year. The article was timed to benefit recent short selling activities. The "short" interest in InterOil increased to 3,548,056 shares in mid-March.

InterOil's policy is to not provide commentary on ongoing litigation beyond the description of it appropriately and...

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Wed
31
Mar

LITTLE SAMOA AIMS TO RULE RUGBY WORLD

Submitted by piradmin on Wed, 03/31/2010 - 00:00

Editorial

Samoa Observer

APIA, Samoa (March 29, 2010) - New Zealand has suffered five defeats in the 2009-2010 International Rugby Board (IRB) sevens World Series.

The problem for the Kiwis, though, is that each one was at the hands of Samoa.

And as a result of the latest defeat inflicted on the Land of the Long White Cloud, Samoa now heads the IRB points table, just three points clear of the Kiwis.

There are two tournaments remaining in the 2009-2010 series – in London and Edinburgh in early and late May. With Samoa on 124 points, New Zealand on 121 and Fiji a distant third on 94, it’s a two-horse race with a photo finish the only predictable outcome.

But what the rest of the rugby world is asking is: How can we compete with the Pacific islanders in sevens rugby?

For nearly two decades the abbreviated code was dominated by Fiji and New Zealand, the latter regularly peppering its side liberally with islanders, mainly but not...

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