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InterOil prepares development of Raptor-1 discoveries onshore PNG

03rd December 2014

InterOil is planning an extensive campaign to appraise its Raptor-1 discovery onshore Papua New Guinea through further drills and testing

InterOil prepares development of Raptor-1 discoveries onshore PNG
Logs indicate a highly fractured reservoir system and mud loss during drilling supports the likely connectivity of the fracture network

The well is currently being suspended to allow comprehensive planning of future Raptor appraisal work, which will include additional seismic, appraisal drilling and a comprehensive testing programme.

This is planned for 2015.

Results from the testing programme, including pressure measurements, support the presence of a multi-hundred meter hydrocarbon column in excess of the 200-metre gross gas interval already encountered by the well.

Logs indicate a highly fractured reservoir system and mud loss during drilling supports the likely connectivity of the fracture network.

InterOil notified the Papua New Guinea department of petroleum and energy of a discovery at Raptor-1 on 14 November 2014.

Raptor is 12-kilometres west of Antelope and the deepest well drilled into the Kapau limestone reservoir, encountered at 3,800 metres.

InterOil holds a 65.208174 per cent interest in Raptor-1 and is operator. Pacific has a 12.903226 per cent interest in the well and minority interests hold 21.8886 per cent.

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