Antelope-5 Intersects Top Reservoir Higher Than Predicted
Monday, Feb 16, 2015
InterOil Corporation (NYSE: IOC; POMSoX: IOC) advises the Antelope-5 appraisal well in Petroleum Retention License 15, in the Gulf Province of Papua New Guinea, has intersected the top reservoir at 1,534m(1) at a position that was 230m higher than the operator’s reference case.

Casing has been set and the plan is to drill ahead to evaluate the reservoir at Antelope-5. After reaching total depth it is planned to conduct an extended well test at Antelope-5 with pressure gauges monitoring pressure drawdown in other appraisal wells. This type of test gives a better idea of reservoir connectivity and productivity.

Antelope-5 is about 1.8 kilometers from Antelope-3 and is appraising the western extent of the Elk-Antelope field. 

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.

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