InterOil Corporation flared gas and condensate from the Raptor-1 well test. Raptor is only 12km west of Antelope and the deepest well drilled into the Kapau limestone reservoir, encountered at 3,800 meters. On November 14, 2014, the Company notified the Department of Petroleum and Energy (DPE) of a discovery at Raptor-1.

Results from the testing program, including pressure measurements, support the presence of a multi-hundred meter hydrocarbon column in excess of the 200 meter gross gas interval already encountered by the well. Logs indicate a highly fractured reservoir system and mud loss during drilling supports the likely connectivity of the fracture network.

The well is currently being suspended to allow comprehensive planning of future Raptor appraisal work, which will include additional seismic, appraisal drilling and a comprehensive testing program. This is planned for 2015.

Tags: InterOil Corporation