InterOil Spuds Antelope-4 Appraisal Well in PRL 15 in Papua New Guinea



InterOil Corporation announced Tuesday that the company has started drilling the Antelope-4 appraisal well in the Elk-Antelope field in Petroleum Retention License (PRL) 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 0.62 mile (1 kilometer) south of Antelope-2 and is the most southern well in the Elk-Antelope field.

Antelope-5, the second appraisal well in the license, 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 licenses covering about 6,177 square miles (16,000 square kilometers). 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.



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