InterOil Announces Direct Participation in Elk/Antelope Field by PNG Government Entity, Petromin

InterOil Corporation, announced that it has agreed with Petromin PNG Holdings Limited, a government entity mandated to invest in resource projects on behalf of the Independent State of Papua New Guinea, for Petromin to take a direct interest in the Elk/Antelope field. Petromin will contribute an initial deposit and will fund 20.5% of the costs of developing the field. The agreement remains subject... 

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InterOil Provides Market Guidance on Its Business Operations

InterOil Corporation, a Canadian company with operations in Papua New Guinea confirmed that it is on track to meet its projected earnings for the third quarter of 2008. The midstream refining and downstream distribution operations have continued to operate profitably and are in line with the Company’s profit expectations. “We will be filing our third quarter financials on November 10, and...