something happening ?, page-28

Equities research analysts at Morgan Stanley (NYSE: MS) boosted their earnings per shares estimates on shares of Inter Oil (NYSE: IOC) through 2012 in a research note to investors on Wednesday, with a price target of $135.00 and an ?overweight? rating.

InterOil Corporation (InterOil) is an integrated energy company operating in Papua New Guinea and its surrounding Southwest Pacific region. The Company operates in four business segments: upstream, midstream, downstream and corporate. The upstream segment explores for and appraises natural gas and oil structures in Papua New Guinea with a view to commercializing discoveries. The commercialization of the Elk and Antelope fields include the development of a proposed condensate stripping facility and development of gas production facilities for liquefied natural gas. The midstream segment produces refined petroleum products at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export. It is developing proposed onshore and/or offshore floating liquefied natural gas processing facilities in Papua New Guinea. The downstream segment markets and distributes refined petroleum products domestically in Papua New Guinea on a wholesale and retail basis.