These journalists seldom add value as they are trained to pretty much regurgitate with a little variation to make it look like it's "their" story. Post Courier's report does the same thing:
"Antelope-3 drilling reaches greater depth
INTEROIL Corporation has announced that the Antelope-3 well reached total depth on December 25, and the wireline logging program is currently in progress.
Preliminary independent analysis of the wireline log results by Schlumberger demonstrated a carbonate reservoir (limestone and dolomite) with similar reefal reservoir character and quality as the offset Antelope-1 and Antelope-2 wells.
The Corporation said this is consistent with, and supplement the excellent results of its initial drill stem test.
Preliminary interpretation indicates that the Antelope-3 shares the same water contact with these wells at 2228 meters below sea level.
With the top of the reservoir encountered at 1624 meters measured depth in the well, equivalent to a true vertical depth of 1527 meters below sea level, this equates to a hydrocarbon column height of approximately 701 meters.
This represents the tallest vertical column encountered in the Antelope field to date.
The forward program is to complete the remaining wireline logging test program before suspending the well for recompletion as a future producer. Separately, InterOil announced that it has extend the dates in the contingent LNG project agreements with each of Mitsui & Co., Ltd. (Mitsui) and Energy World Corporation Limited
(EWC) to provide flexibility for partner selection and Final Investment Decision (FID).
The joint venture operating agreement and associated agreements with Mitsui for the proposed Condensate Stripping Plant (CSP) have also been amended to extend the time allowed for FID.
InterOil was notified on November 15, that the PNG Government has approved a proposal to build a 3.8 million tonnes per annum LNG plant in the Gulf Province.
The approval received from the NEC is in line with the proposals from the potential LNG partners.
Since then, InterOil has been working with the PNG Government to complete a modified LNG project agreement and to secure an internationally recognised operator of the proposed facilities, consistent with the NEC approval. InterOil expects that these actions will allow it to promptly complete the partnering process."
http://www.postcourier.com.pg/20130104/business01.htm
The thing to note is that we are getting almost no negative bashing articles out of these publications anymore. There is likely still a mole or two leaking stuff back to the hedgies, but my guess is that O'Neill has told these publications that if they print the crap of the past, they will suffer the consequences. The PNG government has more than once in the past cut off publications from getting important news and gone as far as to effectively shut them down at times. Free press, but with limitations in PNG.
The PNGIndustry News article is a poor regurgitation IMHO. In putting his own slant on things he makes some mistakes that are pretty elementary. But it's better than using cloaked "industry sources" to report garbage/rubbish.