InterOil Corporation
TSX : IOL
AMEX : IOC

InterOil Corporation

October 17, 2005 11:10 ET

InterOil Corporation Triceratops # 1 Drilling Report No. 1 October 17, 2005

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2005) - InterOil Corporation (TSX:IOL) (AMEX:IOC):



Triceratops Prospect

Type: Oil / Gas exploration well

Location: PPL 237, Eastern Papua Basin
144 degrees 48' 52" E; 006 degrees 57' 29" S

Current Status: Currently drilling 12 1/4 inch hole at 1,154
feet (352 meters), in loss circulation
zones. Geology confirms seismic
interpretation to date.

Past Activities: Drilled surface hole. Set and cemented 20
inch conductor pipe at 10 feet (3 meters).
Following the setting of conductor pipe,
drilled 17 1/2 inch hole to 381 feet (116
meters) and ran and cemented 13 3/8 inch casing
to surface. Installed the 13 3/8 inch annular
BOP and gas diverter system.

Planned Total Depth: Approximately 7,050 feet (2,150 meters)

Operator: InterOil subsidiary, SPI (210) Limited.

Prospect Description: This well is targeting the Puri fractured
limestone reservoir in an adjacent fault block
offsetting the Bwata - 1 gas discovery well.


FOR FURTHER INFORMATION: Please see the InterOil web site at www.interoil.com

InterOil currently has no reserves as defined in Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Any information contained herein regarding resources are references to undiscovered resources under NI 51-101, whether stated or not.

Contact Information

  • InterOil Corporation
    Anesti Dermedgoglou
    Vice President, Investor Relations
    +61 7 4046 4600
    Cairns Qld Australia
    or
    InterOil Corporation
    Investor Relations
    (281) 292-1800
    The Woodlands TX USA
    Website: www.interoil.com