InterOil drills Antelope-3 appraisal well in PNG


InterOil drills Antelope-3 appraisal well in PNG 

HOUSTON -- InterOil has announced that the Antelope-3 appraisal well in Petroleum Retention License 15 in Papua New Guinea has penetrated the top of the reservoir at 5,328 ft measured depth, 217 ft above the predrill estimate, and 92 ft higher than the Antelope-1 well.

The well began flowing and was shut in at the surface. Subsequently, the gas kick was circulated out while flaring. Once the BOP is installed and tested, the  company will commence drilling the reservoir.

The forward plan is to drill approximately 300 ft into the reservoir and then conduct a drill stem test over the open hole section of the wellbore below the casing shoe. The Antelope-3 primary objectives are to confirm reservoir depth, composition, character and continuity provide samples for analysis to further assist in development well planning, assist in the gas resource evaluation, satisfy work program obligations for PRL 15 and 5 complete the well as a future production well.

"The Antelope-3 well has confirmed the top of the reservoir is over 200 ft higher than prognosis. These results support our reservoir model, and, all else being equal, should have a positive impact on our year end resource estimate. Furthermore, we are pleased to have the support of Minister Duma and the DPE to allow flexibility to control costs and logistics of a two rig operation," said Mr. Phil Mulacek, InterOil CEO.

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