InterOil Corporation
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AMEX : IOC

InterOil Corporation

October 31, 2005 10:28 ET

InterOil Corporation Triceratops-1 Drilling Report No. 2 October 31, 2005

TORONTO, ONTARIO--(CCNMatthews - Oct. 31, 2005) - InterOil Corporation (TSX:IOL) (AMEX:IOC):



Triceratops Prospect

Type: Oil / Gas exploration well

Location: PPL 237, Eastern Papuan Basin

144 degrees 48' 52" E; 006 degrees 57' 29" S

Current Status: Drilling ahead at 3,324 feet (1,011 meters)
with an 8 1/2 inch drill bit.

Activities since last Drilled 12 1/4 inch hole to 2,550 feet (777
report: meters) where 9 5/8 inch intermediate casing
was run to surface and cemented. Kicked off
directional drilling with 8 1/2 inch drill bit
at 2,723 feet (830 meters) and currently
building angle to 21 degrees to reach target
in the top of the Puri limestone section.
Geology as anticipated.

Past Data: Set 20 inch conductor at 10 feet (3 meters).
Set 13 3/8 inch surface casing at 381 feet
(116 meters).

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 discovery well.


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