The investigation of the story of InterOil has been one of the real
incidental finds on this group.

Could President Byker lead a great symposium on Enron and business
ethics?

Yes I know about Bush and Enron.  The scandals and corporate corruption
at Enron happened during the Clinton administration.  Enron was CAUGHT
and prosecuted during the Bush administration.

Enron not only donated $100,000 to Clinton's 1993 inauguration but,
according to the records, also added an additional $25,000 to the
Clinton 1993 celebrations.

The documented evidence shows that Enron did make it into the Clinton
White House by special invitation. Senior Vice President Terrance H.
Thorn had coffee with Bill Clinton on March 5, 1996.

Many of the other attendees of the Clinton White House coffee sessions
also make up a long list of convicted criminals, arms dealers and
bagmen for illegal DNC contributions.

See more details at
http://www.newsmax.com/archives/articles/2002/2/28/12723.shtml

The bottom line is, Kenny Lay had close ties to Clinton and he
contributed money to both parties.  When he was caught, Bush did him no
special favors and prosecuted him.

Now we have the UN "Oil for Food" scandal with Kofi Annan and the
French, that makes the Enron scandal look puny in comparison.  But the
mainstream press doesn't want to highlight the UN "Oil for Food"
scandal because the vaunted "UN" was what Kerry and the Democrats would
have handed over our national defense decisions to.

More on the UN scandal:

The REAL "Coalition of the Bribed" found! The French and Kofi Annan
were involved in the U.N. OIL FOR FOOD SCANDAL, where they stole
billions from the Iraqi people.   Thank God Bush and the allies removed
Saddam so he could no longer skim off the peoples food money to build
his palaces, with the knowledge of the French and the UN.
http://www.acepilots.com/unscam/

John, this thread was pertaining to Mr. Byker and his ties with
Interoil.   The article I cited was simply a report that would interest
investors -- I just happened upon it:

http://www.stocklemon.com/articles/01_06_05.html

There is little doubt that politics is often a dirty game, on both
sides of the aisle.
After all President Johnson had his Gulf of Tonken, and he was a
Democrat.  What is shocking is that Mr. Byker is the Director of this
company that is the subject of the article.

My reading is that he is on the Board of Directors for InterOil.  His
bio is given on page 24 of the company's most recent annual report to
shareholders.

http://www.interoil.com/upload/pdfs/InterOil%20AIF%20for%20Year%20End...

The college is mentioned, but cast in a somewhat secular light.  The
Papua exploration makes for interesting reading, but it does suggest
that Byker is somewhat of an insider on the "great game" surrounding
global energy strategy.

If the Papua drill sites don't yield enough crude for the refinery, one
wonders if they have other sources in mind?  They set up the refinery
with a deep-water port well in advance of much of their drilling, which
would seem a little risky.

But private risk was tempered by an $85 million government loan as a
cornerstone to their financing.

And we used to think welfare was for the poor and disenfranchised......

Is my math correct?  If Dr. Byker were to have approx. 750,000 shares,
his equity in the business would be around $27 million (and the company
hasn't made a dime).

Not bad for moonlighting....

He should be teaching alchemy.

Mea culpa.  My math WAS fuzzy.  553,125 (indirect) plus 199,900
(direct) = 753,025 @ $26.34 = $19,834,678.50.  (The higher number would
have been for a stock price back in March.)

And the bio was on page 23.

I'm not clear on the distinction between direct and indirect shares.
Maybe someone can enlighten me.