12-04-2012, 01:52 AM
'TxPm' pid='13823' datel Wrote:from the new presentation: "InterOil, PacLNG and its partners are currently drilling Antelope-3 which will comply with 1 of the 2 well obligations. Antelope-3 is expected to be finished by the End of December. Elk-3 will then commence drilling mid January to complete the well obligations for years 1 & 2" This answers some of the questions we had surrounding the timeline on when to expect A3 results & when E3 would start
Yes, and it is proof, of cooperative relations between IOC and PNG, as they had to commence drilling by the end of November, but got an extension. If PNG wanted to 'nationalize' part of their resource, they could have done so legally by not granting the extension.
Actions often speak louder than words.