Upstream drilling is pretty comprehensive and several mentions of meeting license requirements:
"InterOil today announced a seismic data acquisition and drilling program which will involve three initial wells in the Company’s Petroleum Prospecting Licenses (PPLs) in Papua New Guinea. The work program consists of six wells (1 well each in our prospecting licenses PPL236, 237 and 238, 2 wells in PRL15, and 1 well in APRL39), plus a seismic program in Triceratops east, south west Antelope and a new prospect Bobcat.
The Wahoo-1 well, the first well in the multi-well exploration drilling plan, is planned to be drilled utilizing InterOil’s exploration Rig#3 in PPL 236. The Bob Cat-1 exploration well will be drilled utilising InterOil Rig#2. The proposed Bob Cat-1 location is in PPL 238 and is a target defined by an aero-magnetic, gravity and seismic data, and is on trend between the Antelope and Triceratops fields.
During the previous quarter previous seismic data obtained from DPE archives over the Raptor prospect in PPL237 was reprocessed. The Company has contracted an additional rig to drill the Raptor-1 well with its exploration partner Pacific Rubiales Energy (PRE). The Raptor-1 well in PPL 237 is an exploration well delineated by aero-magnetic and gravity data as well as seismic data and is planned to commence drilling during the first quarter next year.
Additional wells and seismic data acquisition will be conducted in PRL15 and Triceratops (APRL 39) to support development planning and to meet licence obligations. Beyond this InterOil intends to maintain an active work program across the portfolio of exploration targets in our core licences in the highly prospective Eastern Papuan Basin.
The Upstream segment realized a net loss of $16.2 million in the quarter. The increased loss of $5.3 million over the same period in 2012 was mainly due to a decrease in gain on oil and gas properties due to the recognition of the sale of interest in PPL 237 to PRE in the prior year’s comparable quarter, reduced revenue from civil works recovery and higher interest expense on inter-company loan balances."