Posted AT 6:20 PM EDT on 13/05/08
Financing buoys InterOil prospects
CALGARY — — Cash-strapped energy company InterOil Corp. says it has secured new lines of financing that have enabled it to pay off a major creditor, effectively keeping alive the company's dream of developing a liquefied natural gas project in Papua New Guinea.
The future of InterOil, which has a market capitalization of $884-million and counts legendary investor T.
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