March 31, 2014
InterOil Announces 2013 Results
March 31, 2014
2013 Full-Year Results Presentation
March 28, 2014
Drilling Underway on Raptor-1
March 10, 2014
Wahoo-1 Drilling Begins
March 5, 2014
Bobcat-1 Drilling Begins
From the Chief Executive Officer
Solid Partnership Provides Platform for Growth
Our agreement with Total to develop Elk-Antelope is an important step forward for InterOil and Papua New Guinea. It establishes a strong joint venture between Total, a super major, and InterOil and Oil Search, Papua New Guinea’s two largest oil and gas explorers and producers, to connect the country’s biggest gas field to Asia, the world’s fastest growing market.
The deal transforms InterOil into a significant regional liquefied natural gas company with a material stake in one of largest gas discoveries in Asia in the past 20 years. Importantly, we reached this agreement without incurring any debt and can now invest with confidence in our business through an aggressive exploration program across 16,000sqkm, or nearly four million acres, of Papua New Guinea.
In 2014-15, we expect to drill up to eight exploration and appraisal wells in one of the biggest drilling programs in Papua New Guinea as we continue to build our platform for growth. The agreement on Elk-Antelope is a major step for us in building a world-class company by developing world-class resources with world-class people who have a passion for working together, doing good work and making a difference.
Dr. Michael Hession