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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:16 EDTIOCInterOil sells downstream businesses for $525.6M
InterOil has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for $525.6M, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa Napa refinery in Port Moresby that processes about 28,000 barrels a day, 52 service stations, and 30 fuel depots, terminals and aviation sites. The sale ensures the transition to Puma Energy of all InterOil staff who are employed in the refinery and downstream businesses.
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July 22, 2014
05:18 EDTIOCInterOil to buy back $50M of Class A common shares
InterOil will buy up to $50M of its own Class A common shares within the next 12 months. The InterOil board has authorised the buy-back to be done periodically on the open market, based on the stock price and other market factors.
July 14, 2014
05:48 EDTIOCInterOil suspends Wahoo-1 well for safety
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