SINGAPORE and PORT MORESBY, Papua New Guinea, Dec. 24, 2015 /PRNewswire/ -- InterOil
Corporation (NYSE: IOC; POMSoX: IOC) has been advised by Total
E&P PNG Limited, operator of Petroleum Retention License 15 in
the Gulf Province of Papua New
Guinea, that it has begun drilling the Antelope-6 appraisal
well.
The well is designed to provide structural control and reservoir
definition on the field's eastern flank. It has a proposed total
depth of around 2,464 meters (8,084 feet) true vertical depth
sub-sea and is located about 2km east-south-east of Antelope-3.
InterOil holds a 36.5375% interest in the well. Total E&P
PNG Limited has a 40.1275% interest, Oil Search has 22.8350%, and
the remaining 0.5000% is held by minority parties.
About InterOil
InterOil Corporation is an independent oil and gas business with
a sole focus on Papua New Guinea.
InterOil's assets include one of Asia's largest undeveloped gas fields,
Elk-Antelope, in the Gulf Province, and exploration licenses
covering about 16,000sqkm. Its main offices are in Singapore and Port
Moresby. InterOil is listed on the New York and Port
Moresby stock exchanges.
Investor Contacts
Singapore
|
Singapore
|
United
States
|
Michael
Lynn
Senior Vice
President
Investor
Relations
|
David Wu
Vice
President
Investor
Relations
|
Cynthia
Black
Investor
Relations
North America
|
T: +65 6507
0222
E:
michael.lynn@interoil.com
|
T: +65 6507
0222
E:
david.wu@interoil.com
|
T: +1 212 653
9778
E:
cynthia.black@interoil.com
|
Media Contacts
Singapore
|
Australia
|
|
Robert
Millhouse
Vice
President
Corporate
Affairs
|
John Hurst
Cannings
Corporate
Communications
|
|
T: +65 6507
0222
E:
robert.millhouse@interoil.com
|
T: +61 418 708
663
E:
jhurst@cannings.net.au
|
|
Forward Looking Statements
This media release includes "forward-looking statements" as
defined in United States federal
and Canadian securities laws. All statements, other than statements
of historical facts, included in this release that address
activities, events or developments that InterOil expects, believes
or anticipates will or may occur in the future are forward-looking
statements. Well test results should be considered as preliminary.
Well log interpretations indicating gas accumulations are not
necessarily indicative of future production or ultimate
recovery.
There is no assurance that reserves will be assigned to such
fields. With undiscovered resources (including prospective
resources), there is no certainty that any portion of the resources
will be discovered. If discovered, there is no certainty that it
will be commercially viable to produce any portion of the
resources. Readers should refer to our Annual Information Form for
additional information about and cautionary language regarding
resources. These statements are based on our current beliefs as
well as assumptions made by, and information currently available
to, us. No assurances can be given that these events will occur.
Actual results could differ, and the difference may be material and
adverse to the company and its shareholders. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the company, which may cause our
actual results to differ materially from those implied or expressed
by the forward-looking statements. Some of these factors include
the risk factors discussed in the company's filings with the
Securities and Exchange Commission and on SEDAR, including but not
limited to those in the company's annual report for the year ended
December 31, 2014 on Form 40-F and
its Annual Information Form for the year ended December 31, 2014. In particular, there is no
established market for natural gas or gas condensate in
Papua New Guinea and no guarantee
that gas or gas condensate will ultimately be able to be extracted
and sold commercially. Investors are urged to consider closely the
disclosure in the company's Form 40-F, available from us at
www.interoil.com or from the SEC at www.sec.gov and its Annual
Information Form available on SEDAR at www.sedar.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/antelope-6-drilling-under-way-300197034.html
SOURCE InterOil Corporation