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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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November 14, 2014
06:54 EDTIOCInterOil reports Q3 EPS (34c), consensus (51c)
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November 13, 2014
15:18 EDTIOCNotable companies reporting before tomorrow's open
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November 12, 2014
08:43 EDTIOCInterOil November volatility elevated into Q3 and outlook
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November 11, 2014
08:52 EDTIOCInterOil 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.

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