March 17, 2015
InterOil announces positive 2014 results
February 27, 2015
TOTAL appointed Operator of PRL 15 Joint Venture
February 16, 2015
Antelope-5 intersects top reservoir higher than predicted
March 13, 2015
Former Singapore Power CFO joins board
March 3, 2015
Supporting the fight against HIV-AIDS
February 18, 2015
Cooperating to fight malaria in Gulf Province
February 10, 2015
Arbitration claims dismissed – Total declared a party to PRL 15 JVOA
From the Chief Executive Officer
Priorities for value creation
Value creation for InterOil is driven by developing the world’s lowest cost, new-build LNG project and by targeting at least 17 trillion cubic feet of gas equivalent in our world-class Papua New Guinea licenses.
Independent cost analysis shows that Elk-Antelope ranks first among potential new build LNG projects, a critical competitive advantage for a project on the doorstep of the world’s biggest LNG market.
Further, InterOil’s internal assessment of its exploration portfolio over the past year indicates that we have potential for about 8 trillion cubic feet of gas equivalent in our Bobcat, Raptor and Triceratops discoveries as a gross, unrisked, contingent resource and about 9 trillion cubic feet of gas equivalent as a gross, unrisked, prospective resource at Wahoo and Antelope South, previously known as Antelope Deep.
This potential resource is additional to the giant Elk-Antelope field.
With Total now appointed as operator of the Elk-Antelope LNG project, the joint venture is on track to select a development concept by mid-year, begin detailed engineering by year end, and to take a final investment decision in 2017.
As well, InterOil is planning a busy exploration and appraisal program over 2015-16 to prove up its gas resources and to high-grade and rank a further 35 leads across our licenses.
We have an exciting story and an exciting future that is built on a fantastic asset base, a well-funded and focused strategy and a first-rate, experienced team.
We look forward to another busy year.
Dr. Michael Hession