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 says flow testing at Elk-Antelope gas field begun InterOil Corporation announced it has begun flow testing at the Elk-Antelope gas field in Papua New Guinea as part of the field appraisal. The Antelope-5 flow rate is constrained by reservoir engineers to a maximum test rate of about 70 million standard cubic feet a day. The joint venture is finalizing plans for field testing, including drilling another well, Antelope-6, to define the eastern flank of the reservoir.