InterOil's Antelope-2 Well Flows at 705 MMCFD

InterOil reported that its Antelope-2 well flowed at 705 million cubic feet of natural gas per day (MMCFD), including 11,200 barrels of condensate per day (BCPD) for a total 129,000 barrels of oil equivalent per day (BOEPD). The surface flowing tubing pressure was 1,258 psi through a 6.0 inch capacity choke that was opened to 4 3/8 inches.

The Antelope field confirms Papua New Guinea as a world class gas resource base in close proximity to the largest and most well developed LNG market in the world. The Antelope-2 and previous wells, have confirmed over 1.2 Bcf/d of productive capacity. Additionally the condensate ratio established at the top of the Antelope reservoir further enhances the economic viability of the proposed condensate stripping facility. Updated third party resource estimates will be released when completed.