Page 15 & 16
Elk-3 well spud preparations
On November 27th, 2012, InterOil was notified by the Papua New Guinea Department of Petroleum and
Energy (DPE) that it had been granted an approval of license variation to PRL 15.
Allows the company to defer the drilling of a second commitment well from the first two year work
program into the second two year work program.
Balances service industry costs as we ramp up to a two well rig drilling program and comission our new
rig and infrastructure.
We are pleased to have the support of Minister Duma and the DPE to allow flexibility to control costs and
logistics of a two rig operation while progressing towards our appraisal and exploration objectives.
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