SINGAPORE and PORT MORESBY, Papua New Guinea, Sept. 16, 2014 /CNW/ -- InterOil Corporation
(NYSE:IOC) (POMSoX:IOC) has started drilling the Antelope-4
appraisal well in Petroleum Retention License 15 in Papua New Guinea.
Antelope-4 is the first of at least two appraisal wells planned
on the Antelope field.
The well lies about 1km south of Antelope-2 and is the most
southern well in the Elk-Antelope field.
Antelope-5, the second appraisal well in the licence, is
expected to be drilled later this year.
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 2000 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
Michael
Lynn
Senior Vice
President, Investor Relations
Michael.Lynn@InterOil.com
Phone:
+65-6507-0222
|
United
States
Meg
LaSalle
Investor Relations
Coordinator
Meg.LaSalle@InterOil.com
Phone:
+1-281-292-1800
|
David Wu
Vice President,
Investor Relations
David.Wu@InterOil.com
Phone:
+65-6507-0222
|
|
Media
contacts
|
|
|
|
Singapore
Robert
Millhouse
Vice President,
Corporate Affairs
Robert.Millhouse@InterOil.com
Phone:
+65-6507-0222
|
Australia
John Hurst
Cannings Corporate
Communications
jhurst@cannings.net.au
Phone: +61 418 708
663
|
|
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 are forward-looking statements,
including in particular, the expected spud date for the Antelope-5
appraisal well. 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 several assumptions, risks and uncertainties, many of
which are beyond the company's control of, which may cause actual
results to differ materially from those implied or expressed by the
forward-looking statements. Some of these factors include risks
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 to 31
December 2013 on Form 40-F and its Annual Information Form
for the year to 31 December 2013. 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 extracted and sold commercially.
Investors are urged to consider closely the disclosure in the
company's Form 40-F, available at www.interoil.com or from the
SEC at www.sec.gov and its Annual Information Form available
on SEDAR at www.sedar.com .
SOURCE InterOil Corporation