InterOil Corp. (IOC) Reports Q4 Loss of $1.69/Share

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Go back to InterOil Corp. (IOC) Reports Q4 Loss of $1.69/Share

InterOil Drilling Update and 2015 Results

March 30, 2016 6:43 AM EDT

SINGAPORE and PORT MORESBY, Papua New Guinea, March 30, 2016 /PRNewswire/ --

Key highlights

Antelope-6 identified 138 feet of dolomite with connectivity to rest of field Antelope-5 extended well test confirms excellent reservoir qualities Entering final stages of appraisal of the Elk-Antelope field GLJ increases year-end Contingent Resource estimate Raptor 3.6 Tcfe, Bobcat 2.4 Tcfe (independent est'd gross unrisked 2C resource) $252 million liquidity at end 2015. Proposal to increase and extend credit facility.

InterOil Corporation ("InterOil", NYSE: IOC; POMSoX:... More