Skip to main content

InterOil provides update on ExxonMobil transaction

Published by
Oilfield Technology,

InterOil Corporation (NYSE: IOC, POMSox: IOC) has announced that, after the close of business on 7 October, 2016, the Supreme Court of Yukon approved the pending transaction (the transaction) with Exxon Mobil Corporation (NYSE: XOM), including finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on 27 September, 2016.

Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court's decision pending such appeal. InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.

Read the article online at:

You might also like

EIA expects US fossil fuel production to increase through 2022

The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Oil & gas news