SINGAPORE and PORT MORESBY, Papua New Guinea, Jan. 29, 2016 /PRNewswire/
-- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has
been advised by Total E&P PNG Limited ("Total"), operator of
Petroleum Retention License 15 ("PRL15") in the Gulf Province of
Papua New Guinea, that the
Antelope-6 appraisal well encountered top reservoir within
expectations at approximately 2,076 meters (6,811 feet) true
vertical depth sub-sea ("TVDSS").
Preparations are underway to run the 9 5/8" liner before
drilling ahead into the reservoir section.
The Antelope-6 appraisal well is located 2km east-south-east of
the Antelope-3 well and is designed to provide structural control
and reservoir definition on the eastern flank of the Antelope
field. Antelope-6 spudded on December 23,
2015 and has a proposed total depth of approximately 2,464
meters (8,084 feet) TVDSS.
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
|
David Wu
|
Cynthia
Black
|
Senior Vice
President
|
Vice
President
|
Investor
Relations
|
Investor
Relations
|
Investor
Relations
|
North
America
|
T: +65 6507
0222
|
T: +65 6507
0222
|
T: +1 212 653
9778
|
E:
michael.lynn@interoil.com
|
E:
david.wu@interoil.com
|
E:
cynthia.black@interoil.com
|
Media Contacts
Singapore
|
Australia
|
Ann Lee
|
Nigel
Kassulke
|
Communications
Specialist
|
Cannings
Corporate Communications
|
T: +65 6507
0222
|
T: +61 407 904
874
|
E:
ann.lee@interoil.com
|
E:
nkassulke@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.
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. The Estimates of the company's natural gas and
condensate resources provided are estimates only and there is no
guarantee that the estimated resources will be recovered. Actual
natural gas and condensate resources may be greater or less than
the estimates provided, and the difference may be material. 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.
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visit:http://www.prnewswire.com/news-releases/interoil-antelope-6-tags-top-reservoir-300212048.html
SOURCE InterOil Corporation