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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: CommanderCricket12/4/2012 12:21:13 PM
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This maybe part of the IOC sell off this morning. Market is confused with the "other" Interoil in Europe. Can the sellers be that stupid?

Interoil chairman to quit amid probe




Probe: soon to be ex-Interoil chairman Maarten Rod

Steve Marshall

04 December 2012 10:57 GMT

The country’s economic crime unit Okokrim is looking into alleged payments involving Maarten Rod in the period from 2008 to 2010 during his tenure as chairman of a shipping company, according to an Interoil statement.

Rod said the charges are not related to Interoil but that he would resign his position as chairman of the Latin America-focused player on 20 December “until my name is cleared in order not to harm the company and its shareholders”.

He added: “The charges as far as I am concerned are absolutely, utterly and totally unfounded.”

Interoil is operator of several onshore exploration and production assets in Peru and Colombia, as well as the Tano shallow-water block off Ghana that hosts the earlier Ebony-1 discovery.
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