InterOil Corporation advises the Antelope-5 appraisal well in Petroleum Retention License 15, in the Gulf Province of Papua New Guinea, has intersected the top reservoir at 1,534m at a position that was 230m higher than the operator's reference case.

Casing has been set and the plan is to drill ahead to evaluate the reservoir at Antelope-5. After reaching total depth it is planned to conduct an extended well test at Antelope-5 with pressure gauges monitoring pressure drawdown in other appraisal wells. This type of test gives a better idea of reservoir connectivity and productivity.

Antelope-5 is about 1.8 kilometers from Antelope-3 and is appraising the western extent of the Elk-Antelope field.

Tags: InterOil Corporation