InterOil progress on Gulf LNG

Written by  John McKay
Tuesday, 14 August 2012
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Aug 14 (LNGJ) - InterOil Chief Executive Phil Mulacek said the company was continuing to work with its advisors to finalize the selection of an equity partner for its stalled Gulf LNG project in Papua New Guinea. Investment bankers led by Morgan Stanley, Macquarie Capital and UBS are working on a bid process to select an LNG operator for the Gulf LNG project and to sell a portion of InterOil's interest in the Elk and Antelope gas fields in PNG and other prospecting licenses.

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