InterOil Begins Drilling Black Bass Exploration Well in Papua New Guinea

InterOil has commenced drilling its first exploration well on the Black Bass Prospect located within Petroleum Prospecting License 236 in Papua New Guinea. InterOil expects this well to reach target depth within 45 days. The target is a reef limestone which has been identified by a seismic survey and is estimated to be approximately 3,937 feet (1,200 meters) deep.

The Black Bass Prospect is located approximately 100 miles (160 kilometers) northwest of InterOil's refinery near Port Moresby, the capital of Papua New Guinea.