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From January 2005 to May 2009, an aggregate amount of 75108028 shares of IOC have been shorted for a total dollar value of $1,877,700,700.00. The IOC SqueezeTrigger price of $25.370 is the volume weighted average price that all shorts are short in shares of IOC. There is still approximately $87,885,162.00 of potential short covering in shares of IOC.
SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com.
INTEROIL CORP (AMEX:IOC) InterOil Corporation (InterOil) is developing a fully integrated oil and gas company in Papua New Guinea. The Company has three business segments: Exploration and Production, Refining and Marketing, and Wholesale and Retail Distribution. Exploration and Production is the Company's upstream business segment that explores for oil and natural gas in Papua New Guinea. Refining and Marketing is InterOil's midstream business segment that operates its refinery in Papua New Guinea and markets the refined products it produces both domestically in Papua New Guinea and for export. Wholesales and Retail Distribution is the Company's downstream business segment that is engaged in the wholesale and retail distribution of refined products in Papua New Guinea. In January 2006, InterOil entered into an agreement with Shell Overseas Holdings Limited to purchase all of Shell's retail and distribution assets in Papua New Guinea.
Exploration and Production
S.P.I. Exploration and Production Corp. is a holding company that owns InterOil's operating subsidiaries that hold exploration licenses and conduct exploration activities in Papua New Guinea. InterOil 99.99% of the outstanding ordinary shares of S.P.I. Exploration and Production Corp. and P.I.E. Group LLC. The Company has four exploration licenses and two retention licenses in Papua New Guinea covering approximately eight million acres. Petroleum Prospecting Licenses 236, 237 and 238 are located in the Eastern Papuan Basin northwest of Port Moresby. InterOil's owns a 100% working interest in, and the Company's exploration efforts are focused on, these three licenses. In addition, InterOil owns a 15% working interest in Petroleum Prospecting License 244, located offshore in the Gulf of Papua. As of December 31, 2005, the Company also owned a 20% working interest in Petroleum Retention Licenses 4 and 5.
Refining and Marketing
S.P. InterOil, LDC is a holding company that owns the Company's operating subsidiaries that own its refinery located in Port Moresby, Papua New Guinea. The general manager of S.P. InterOil, LDC is Petroleum Independent and Exploration Corporation. InterOil owns 99.98%, and Petroleum Independent and Exploration Corporation owns 0.02% of the outstanding ordinary shares of S.P. InterOil, LDC.
EP InterOil, Ltd. owns InterOil Limited, the operating subsidiary that owns the Company's refinery. S.P. InterOil, LDC owns 100% of the voting ordinary shares, and as of March 31, 2006, owned 98.7% of the non-voting ordinary shares of EP InterOil, Ltd. Enron Papua New Guinea Limited, a wholly owned subsidiary of Enron, owns 1.2% of the non-voting ordinary shares of EP InterOil, Ltd. InterOil Limited owns and operates the Company's refinery in Port Moresby, Papua New Guinea.
The Company's refinery is its primary asset. On January 31, 2005, InterOil's refinery achieved practical completion. The Company's refinery is rated to process up to 32,500 barrels of oil per day using Kutubu crude as the feedstock. The design configuration of its refinery takes advantage of regionally available light sweet crudes, which are low in sulfur content. Using a light sweet crude the Company's crude distillation unit produces the following refined products: propane, butane, light, medium and heavy naphtha, jet fuel (kerosene), diesel and low-sulfur waxy residue. During the year ended December 31, 2005, the Company's yield of jet fuel, diesel and gasoline accounted for approximately 57% of the refinery's output.
Wholesale and Retail Distribution
S.P.I. Distribution Limited is a holding company that owns the Company's operating subsidiaries that own its wholesale and retail distribution operations, including InterOil Products Limited. InterOil Corporation owns 99.99% of the outstanding ordinary shares of S.P.I. Distribution and P.I.E. Group LLC. InterOil Products Limited owns and operates the Company's petroleum products distribution, wholesale and retail business in Papua New Guinea.
The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com
About SQUEEZETRIGGER.COM
WWW.SQUEEZETRIGGER.COM is a service designed to help bonafide shareholders of publicly traded US companies fight short selling. SqueezeTrigger.com has built a proprietary database that uses Threshold list feeds and short sale time and sale data from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short trades.
SQUEEZETRIGGER.COM has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly one billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, SQUEEZETRIGGER.COM provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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