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March 28, 2014
06:02 EDTIOCInterOil announces drilling underway on Raptor-1
InterOil began drilling at the Raptor-1 site, as part of its $300M oil and gas exploration campaign in Papua New Guinea. This will be InterOil's third exploration well started in PNG since the beginning of March. Raptor is about 20km south-west of Wabo in the Gulf Province. The other two exploration wells begun this month are Bobcat-1, about 20km north of Raptor-1, and Wahoo-1, which is near the coast about 180km south-east of Raptor-1. InterOil expects to drill up to five additional exploration and appraisal wells in PNG in the coming 12-15 months, across almost 4M acres in the south of the country. The well will be drilled to a total depth of 2.8 miles. InterOil will announce results when the well is completed.
News For IOC From The Last 14 Days
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July 31, 2015
05:32 EDTIOCTotal to assume operatorship of PRL 15 in Gulf Province of Papua New Guinea
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July 22, 2015
16:24 EDTIOCPoint72 Asset Management reports 6.3% passive stake in InterOil
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July 21, 2015
08:49 EDTIOCInterOil 4.8M share Block Trade priced at $42.00
Morgan Stanley acted as sole book running manager for the offering. Go to The Fly's Syndicate section to see all deal analysis.

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