SINGAPORE and PORT MORESBY, Papua New Guinea, Oct. 27, 2014 /CNW/ -- InterOil Corporation
(NYSE, POMSoX: IOC) today posted an updated investor presentation
on its website. The presentation will be used at a Sanford C. Bernstein investor briefing on
October 27, 2014 in Singapore. A site visit to Papua New Guinea will follow.
The presentation includes an update on:
- Appraisal wells Antelope-4 and Antelope-5 in PRL15;
- Wahoo-1 well in PPL474 (drilling operations planned to resume
in 2015);
- Estimated funding at the end of September 30, 2014 of $753
million includes unaudited cash balance and short term
receivables of around $453 million
and an undrawn credit facility of $300
million
- Estimated expenditure for the third quarter of 2014 includes
$42 million for the company share
buyback, $56 million for drilling
costs at Raptor-1, Bobcat-1 and Wahoo-1 and $34 million for seismic, inventory and other
costs.
A copy of the presentation can be found on our website at
www.interoil.com.
About InterOil Corporation:
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
|
United States
|
Michael Lynn
|
Meg LaSalle
|
Senior Vice President, Investor
Relations
|
Investor Relations Coordinator
|
Michael.Lynn@InterOil.com
|
Meg.LaSalle@InterOil.com
|
Phone: +65-6507-0222
|
Phone: +1-281-292-1800
|
|
|
David Wu
|
|
Vice President, Investor Relations
|
|
David.Wu@InterOil.com
|
|
Phone: +65-6507-0222
|
|
Media
contacts
Singapore
|
Australia
|
Robert Millhouse
|
John Hurst
|
Vice President, Corporate Affairs
|
Cannings Corporate Communications
|
Robert.Millhouse@InterOil.com
|
jhurst@cannings.net.au
|
Phone: +65-6507-0222
|
Phone: +61 418 708 663
|
Forward Looking Statements
This press 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 press release that address
activities, events or developments that InterOil expects, believes
or anticipates will or may occur in the future are forward-looking
statements, including in particular, expected expenditure and the
expected timing and results of Raptor-1, Wahoo-1, Bobcat-1,
Antelope-4, Antelope-5. 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 31 December 2013 on Form 40-F and its
Annual Information Form for the year ended 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 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/investor-presentation-update-917497162.html
SOURCE InterOil Corporation