{"id":524825,"date":"2010-04-12T11:48:00","date_gmt":"2010-04-12T15:48:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/henry-blodget-interoil-ioc-calling-all-natural-gas-experts-is-this-a-world-record-flow-2010-4"},"modified":"2010-04-12T11:48:00","modified_gmt":"2010-04-12T15:48:00","slug":"interoil-ioc-calling-all-natural-gas-experts-is-this-a-world-record-flow","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/524825","title":{"rendered":"InterOil (IOC): Calling All Natural Gas Experts &#8212; Is This A World Record Flow?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bc33e487f8b9a933bad0400\/interoil-antelope-2-flare-test.jpg\" border=\"0\" alt=\"InterOil Antelope 2 Flare Test\" \/><\/p>\n<p>The InterOil (IOC) controversy continues&#8230;<\/p>\n<p>Most people agree that InterOil has found something of value at its Antelope drilling site in Papua New Guinea.&nbsp; Whether the gas reservoir InterOil has found matches the company&#8217;s euphoric description of it, however, is still a subject of fierce debate.<\/p>\n<p>For example, InterOil has described the &#8220;flow&#8221; (pressure) of natural gas at the site as a &#8220;world record.&#8221;&nbsp;<\/p>\n<p>The video below is ostensibly of a flare test at InterOil&#8217;s Antelope 2 site &#8212; which purports to show this world-record flow.<\/p>\n<p>The video appears<a href=\"http:\/\/www.youtube.com\/user\/collinvis\"> to have been uploaded to YouTube by InterOil&#8217;s CFO, Collin Visaggio<\/a>, although the uploader could presumably just be someone pretending to be him (we&#8217;re checking). The video is labeled as follows:<\/p>\n<p style=\"padding-left: 30px;\">InterOil Antelope 2 World Record Gas Flow 705 mscf\/day<\/p>\n<p>A company skeptic says this video doesn&#8217;t show a flow anywhere near as big as the company describes.&nbsp; We therefore invite all natural gas experts to weigh in on it.&nbsp;<\/p>\n<p>It&#8217;s possible that the flow from the well is intentionally constricted and that, unconstricted, it would flow at 40 gps.&nbsp; But if that&#8217;s the case, the video certainly isn&#8217;t <em>showing<\/em> a world-record flow (and, therefore, might be misleadingly labeled).<\/p>\n<p>Here&#8217;s the skeptic&#8217;s take on the flare video:<\/p>\n<p style=\"padding-left: 30px;\">The flare &#8211; whilst large &#8211; is nothing more than you might get if you blew the top out of a couple of LNG cylinders &#8211; the flare is claimed to be the biggest flare ever &#8211; about 80 thousand barrels of oil per day or about 40 gallons of gas per second. &nbsp;This is NOT a 40 gallon of gas per second flare. &nbsp;Not close.<\/p>\n<p style=\"padding-left: 30px;\">Now I assume the issue with it is that the flow is choked [intentionally constricted for the purposes of the test]. &nbsp;But there is just no way this flare is doing 40 gallons of gas per second. &nbsp;Must be choked or the flow is false. &nbsp;I assume there is a narrow choke on the well&#8230;<\/p>\n<p style=\"padding-left: 30px;\">If not &#8211; then we are neck deep in lies.<\/p>\n<p style=\"padding-left: 30px;\">&nbsp;<\/p>\n<h2><a href=\"http:\/\/www.youtube.com\/watch?v=H7ezUFVIvm8\">Now go watch the video &gt;<\/a><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-interoil-ioc-calling-all-natural-gas-experts-is-this-a-world-record-flow-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-heres-more-proof-that-interoil-ioc-lied-to-investors-says-shortseller-2010-4\">Here&#8217;s More Proof That InterOil (IOC) Lied To Investors, Says Skeptic<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/interoil-ioc-major-momentum-or-just-a-castle-in-the-air-a-new-investigation-2010-4\">InterOil (IOC): &quot;Major Momentum&quot; Or Just A Castle In The Air?  (A New Investigation)<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/shia-labeouf-pimps-interoil-stock-2010-3\">What&#8217;s The Story Of Shia LaBeouf Pumping InterOil?<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/tQrsmZb8czc\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The InterOil (IOC) controversy continues&#8230; Most people agree that InterOil has found something of value at its Antelope drilling site in Papua New Guinea.&nbsp; Whether the gas reservoir InterOil has found matches the company&#8217;s euphoric description of it, however, is still a subject of fierce debate. For example, InterOil has described the &#8220;flow&#8221; (pressure) of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-524825","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/524825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=524825"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/524825\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=524825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=524825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=524825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}