InterOil Corporation (NYSE: IOC; POMSoX: IOC) has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea.
Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope.
InterOil holds a 69.0931% interest in the well and is operator. Pacific Rubiales Energy Corp. holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests. InterOil will keep the market informed of material developments.
About 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 licences covering about 16,000sqkm. 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.
