InterOil Advised That Antelope-6 Drilling Under Way

(RTTNews) - InterOil Corp. (IOC) Thursday said it 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 true vertical depth sub-sea and is located about 2km east-south-east of Antelope-3.

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