En Route Rigs

[Tree]

Brought to you by the SE Asian Pearl Divers and string makers association.

That $250,000,000 line seemed seemed easy to get for a CEO with 4 mos. experience.

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Drilling rigs en route to Wahoo, Raptor and Bobcat prospects

By Russell Searancke

 15 November 2013 00:00 GMT

[Justin94360]

InterOil is mobilising three drilling rigs to its acreage in Papua New Guinea for a series of exploration and appraisal wells, writes Russell Searancke.

The Wahoo prospect in Block PPL 236 is a multi-trillion-cubic-foot gas prospect.

The Raptor target in Block PPL 237 is a similar sized prospect that is located 10 kilometres west of the Canadian player’s large Antelope discovery.

The Bobcat well in PPL 238 lies on trend with the Antelope and Triceratops discoveries.

InterOil also plans to drill an appraisal well on its Triceratops discovery, and between two and four appraisal wells in Block PRL 15, which contains the Elk-Antelope fields.

“No matter which way you cut it, it’s a giant hydrocarbon accumulation,” said InterOil chief executive Michael Hession. “It’s going to take between two and four appraisal wells to understand the size of this thing.”

[Palm]

Nice article. How many companies can say most of their finds are multi-TCF finds. Very few. Not with the rich liquids attached especially. Looking more like Jed Clampett all the time.

[sageo]

Nice article. How many companies can say most of their finds are multi-TCF finds. Very few. Not with the rich liquids attached especially. Looking more like Jed Clampett all the time.

Thanks Palm- Sure liked your"rich liquids". A good trio could be 1) rich liquids,2) Jed Clampett,and 3) IOC . Maybe they = billions ! Ha,ha. A good day to you.