Total E&P Advises InterOil of Commencement of Drilling for Antelope-6 Well

InterOil Corporation has been advised by Total E&P PNG Limited, operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea, that it has begun drilling the Antelope-6 appraisal well.

The well is designed to provide structural control and reservoir definition on the field's eastern flank. It has a proposed total depth of around 2,464 meters (8,084 feet) true vertical depth sub-sea and is located about 2km east-south-east of Antelope-3.

InterOil holds a 36.5375% interest in the well. Total E&P PNG Limited has a 40.1275% interest, Oil Search has 22.8350%, and the remaining 0.5000% is held by minority parties.

About InterOil

InterOil Corporation is an independent oil and gas business with a sole 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 licenses covering about 16,000sqkm. Its main offices are in Singapore and Port Moresby. InterOil is listed on the New York and Port Moresby stock exchanges.

Source: http://www.interoil.com

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