InterOil Nipples Up, Prepares to Run in the Hole on Appraisal Well

InterOil is preparing to nipple up BOP and preparing to run in the hole with 8 1/2-inch bit to drill out the 9 5/8-inch casing shoe on the Elk prospect, a gasoil appraisal/exploration well in the eastern Papua basin. The forward plan is to drill down to the primary target of the Puri and Mendi Limestone.

Drilled a 12 1/4-inch hole from 1,789 feet (540 meters) to 3,733 feet (1,127 meters). Set 9 5/8-inch casing to 3,717 feet (1,122 meters) and cemented in place. Installed a downhole deployment valve (DDV) within the 9 5/8-inch casing.

InterOil has already set 18 5/8-inch surface casing at 517 feet, (156 meters). Drilled a 17 1/2-inch hole to 1,792 feet (541 meters), followed by setting 13 3/8-inch intermediate casing at 1, 789 feet (540 meters).

The planned total depth for the well is approximately 8,000 feet (2,450 meters).