Phil Mulacek, who led InterOil until he stepped down in 2013 and still owns company shares, released a presentation to the company's shareholders outlining the potentially "multi-billion-dollar shortfall" if the proposed deal with ExxonMobil goes through in its current form.
According to Mulacek, the bonus ExxonMobil plans to pay out based on how much gas the Elk-Antelope discovery holds will force InterOil shareholders to "forego billions of dollars of value".
InterOil
