SINGAPORE and PORT MORESBY, Papua New Guinea, June 10, 2015 /PRNewswire/ -- InterOil
Corporation (NYSE: IOC; POMSoX: IOC) has resumed drilling at Wahoo
with the Wahoo-1 side-track exploration well in Petroleum
Prospecting License 474 in the Gulf Province of Papua New Guinea.
Wahoo-1 side-track well is the follow-up to Wahoo-1 which was
suspended in July 2014 due to
higher-than-expected pressures.
The Wahoo-1 side-track is a significant step-out from existing
gas fields and will test whether the successful trends identified
around PRL15 extend 170km to the south-east of Elk Antelope.
InterOil holds a 78.1114% interest in the well and is operator.
The remaining 21.8886% interest is held by minority interests.
InterOil will keep the market informed of material
developments.
About InterOil
InterOil Corporation is an independent oil and gas business with
a primary 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 licences
covering about 16,000sqkm. The company employs more than 2,000
staff and contractors. 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. 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 however, 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 from the Elk and Antelope fields 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/interoil-returns-to-wahoo-300096942.html
SOURCE InterOil Corporation