InterOil acquires minority interest in PRL15 InterOil announced that it has completed the acquisition of an additional 1.0536% participating interest in Petroleum Retention License 15. The consideration for the interests was $41.53M, satisfied by the issue of common shares of InterOil.
InterOil Antelope project looks more likely to be carried out, says Bernstein After meeting with InterOil and Paupa New Guinea government officials, Bernstein says that all parties increasingly believes that the Antelope LNG project will get off the ground. The firm is now more convinced that Antelope will reach Final Investment Decision before 2018. It keeps a $90 price target and Outperform rating on InterOil.