InterOil Corporation announced that according to information provided by Total E&P PNG Limited (“Total”), the operator of Petroleum Retention License 15 (“PRL15”) in the Gulf Province of Papua New Guinea, the Antelope-7 side track appraisal well has currently reached 2,383 meters (7,818 feet) measured depth below rotary table (MDRT) without any evidence of intersecting the Antelope reservoir. The proposed total depth of the Antelope-7 appraisal section of the well was around 2,300 meters (7,545 feet) MDRT. The operator on behalf of the PRL15 joint venture is drilling ahead to explore a deeper exploration target.

InterOil holds a 36.5375% interest in the well. Total E&P PNG Limited has a 40.1275% interest, Oil Search has 22.8350%, and the remaining 0.5000% is held by minority parties.

About InterOil

InterOil Corporation (NYSE: IOC; POMSoX: IOC) is an independent oil and gas business with a sole focus on Papua New Guinea. InterOil’s assets include one of Asia’s largest undeveloped gas fields, Elk-Antelope, in the Gulf Province, and exploration licenses covering about 16,000sqkm. Its main offices are in Singapore and Port Moresby. InterOil is listed on the New York and Port Moresby stock exchanges.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 96,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.