InterOil Spuds Triceratops-3

[hirosan]

Just posted on Yahoo

[jft310]

Triceratops-3 site
InterOil Corporation (NYSE: IOC; POMSoX: IOC) has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea.

Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope.

InterOil holds a 69.0931% interest in the well and is operator. Pacific Rubiales Energy Corp. holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests. InterOil will keep the market informed of material developments.

[Gator]

SINGAPORE and PORT MORESBY, Papua New Guinea, June 15, 2015 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea. Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope. InterOil holds a 69.0931% interest in the well and is operator. Pacific Rubiales Energy Corp. holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests. InterOil will keep the market informed of material developments.

[sageo]

Triceratops-3 site InterOil Corporation (NYSE: IOC; POMSoX: IOC) has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea. Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope. InterOil holds a 69.0931% interest in the well and is operator. Pacific Rubiales Energy Corp. holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests. InterOil will keep the market informed of material developments.

Jft - Good am . I spent a little time yesterday reviewing the May 14,2013 presentation by IOC.(.. Good way to spend a rainy afternoon ...by the 'old guy' ..Ha,ha). Anyway,page 18 deserved a second look at the chosen Tri #3 location . I couldn't seem to locate their latest seismics, but that data must have re-affirmed their conviction to drill the #3 in this location rather than one to the SW of Tri #2 . Also,tried to determine distance from Tri 3 to lease line north to ppl 338. [ Pet would probably know ....I'm guessing about 5 kms.] Phil,along with Kina,will probably be watching our results with a "keen" intererst .By any chance,do you recall the elevation level (depth) that we hit the top of the reservoir in Tri #2 ? If not,I will do some more searching . Thanks .

[jft310]

Sageo , I forget sorry to say .

[sageo]

Sageo , I forget sorry to say .

Jft - When I looked further,still could not find the top of the upper reservoir in Tri #2.....however, in one of Phil's reports I did see info on dst in that zone at 4,111 ft (1253 m) to 4859 ft (1481 m) so I believe somewhere close to the 4,111 ft is the top of our res. fm. Maybe they will tell us when and where they pick the top in Tri #3 . The lower reservoir in the Tri #2 dst showed a small amount of condensate. If that lower reservoir is still present in Tri #3 and is still seperated by that 264 ft impervious layer in Tri #2 and it comes in a couple of hundred feet higher, then a dst there may be more revealing ....possibly on the "good side" . Best to you.

[jft310]

Pre drill they are saying 1/2 a T not bad for many but not another Antelope

[sageo]

Triceratops-3 site InterOil Corporation (NYSE: IOC; POMSoX: IOC) has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea. Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope. InterOil holds a 69.0931% interest in the well and is operator. Pacific Rubiales Energy Corp. holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests. InterOil will keep the market informed of material developments.

Jft -Good am. Do you know if PRE has the funds availale to cover their part of the cost of Tri 3 at tnis time ? Btw,sorry I can't remember,but do you know whose (or what ) rig is now on the Ant 4 well ? Thanks if you can help .

[jft310]

Sageo - PRE is being sold but I have not heard anything about their further financial commitment to this well . Just not disclosed yet . If a discovery helps them for sure . Two conflicting reports on rig at A-4 . Oil Search said one thing and later Interoil said something different . Most recent is the Interoil statement . Great questions you have SIR .