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01/12/2005:

"InterOil Corp. to start the next well in Papua New Guinea"

InterOil Corp. intends to start the next well in its multi-well drilling program by the end of 1Q 2005. This well is on the Black Bass Prospect in Petroleum Prospecting License (PPL) 236 in Papua New Guinea and is approximately 100 mi (160 km) northwest of Port Moresby. The primary target is a limestone reef, which was identified by a recently conducted seismic survey. The depth of this reef is estimated to be 3,937 ft.

Full Article : ogj.pennnet.com