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Stock Market & Financial Investment News

News Breaks
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.
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July 22, 2014
05:18 EDTIOCInterOil to buy back $50M of Class A common shares
InterOil will buy up to $50M of its own Class A common shares within the next 12 months. The InterOil board has authorised the buy-back to be done periodically on the open market, based on the stock price and other market factors.
July 14, 2014
05:48 EDTIOCInterOil suspends Wahoo-1 well for safety
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