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I don't know that this is factual, but it looks pretty authentic. The only bit I'd take issue with is that the incoming JV partner "seized" control. Everything I've heard indicated that he'd done a deal with the two principals named. It also confirms Intrepid's cash position - US$139m at 31 March 2012, after spending US$11m on exploration in the March Q. Even ramping that up and allowing for administration Intrepid should still have over $100m. The relevant bits are below.
Based on the original consultancy agreement between Intrepid and IMN, the Indonesian company may already be in a breach of contract. In accordance with section 4.3(f) of the consultancy conditions IMN is obligated to “allow [Intrepid] employees access to office facilities at IMN's premises and Tujuh Bukit KP.”
Section 15.3 of the contract supplies conditions for potential arbitration between the joint-venture partners. Failing an amicable settlement, the dispute will be “referred to arbitration in English under rules of Singapore International Arbitration Centre.” An arbitration decision would be final and binding on both parties, and would be conducted under Singaporean laws.