InterOil to Redrill Antelope-2 Well

InterOil Corporation announced that due to mechanical issues encountered while running a 5 1/2" liner, the 90 degree angle build section of the Antelope-2 well will need to be re-drilled. The mechanical failure was detected after the casing was set. Remedial work will be required and the Company now anticipates the horizontal extension at Antelope-2 to be completed in late-April.