11-06-2014, 07:36 PM
(This post was last modified: 11-06-2014, 07:51 PM by Li'loilady.)
Raptor-1 Flares Gas and Condensate on Test
November 6, 2014
Singapore and Port Moresby — InterOil Corporation (NYSE: IOC) (POMSoX: IOC) today announced that gas and condensate have been recorded at surface and directed through the flare at the Raptor-1 exploration well site.
InterOil is continuing to test Raptor-1 and clean up the well.
The Raptor-1 well has been drilled to a measured depth of 4,032 metres below the rig rotary table. The flow test is being conducted over an interval of around 330 metres of open borehole which includes around 200 metres of Kapau limestone, the target reservoir.
The Raptor-1 well in PPL 475 is about 12km west of InterOil’s multi-trillion cubic feet Elk-Antelope gas field in the Gulf Province in Papua New Guinea.
InterOil holds a 65.208174% interest in Raptor-1 and is operator. Pacific Rubiales Energy Corp. (TSX
RE; BVCREC; BOVESPAREB) has a 12.903226% interest in the well and minority interests hold 21.8886%.
RE; BVCREC; BOVESPAREB) has a 12.903226% interest in the well and minority interests hold 21.8886%.
InterOil will keep the market informed of material developments.
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