InterOil Corporation has commenced drilling on the Antelope-3 appraisal well in Petroleum Retention License 15 in Papua New Guinea. The plan is to drill the entire reservoir interval with an anticipated total depth of the well of approximately 8,366 feet (2,550 meters).

The well is expected to take between 60 and 120 days to drill, log and test, depending upon drilling conditions.

The Antelope-3 well, located approximately 0.6 miles (1 kms) south of the Antelope-1 well and 1.6 miles (2.6 kms) north from Antelope-2, is expected to penetrate the top of the carbonate reservoir at approximately 5,545 feet (1,690 meters).

Tags: InterOil Corporation