SINGAPORE and PORT MORESBY, Papua New Guinea, June 9, 2015 /PRNewswire/ -- InterOil Corporation
(NYSE: IOC; POMSoX: IOC) will hold its annual meeting with
shareholders in New York
today.
The Chairman, Chief Executive Officer and senior management will
address shareholders and provide an update on the company's
activities. A copy of the slide pack will be posted on the
company's website before the meeting. The Chairman's Address and
the management presentation with speaker notes will be available
after the annual meeting on InterOil's website at
www.interoil.com.
The presentation focuses on progress with the Elk-Antelope LNG
project and appraisal work, as well as InterOil's drilling program
outside of Elk-Antelope.
Strong focus on Elk-Antelope LNG development
- Project on track with concept select expected mid-year
- One of the world's lowest-cost, new-build LNG developments
Positive results from Elk-Antelope appraisal
- Potential upside implications for volumes
- Further underpins multi-train LNG development
Drilling to unlock multi-Tcfe outside of Elk-Antelope
- Triceratops-3 and Wahoo ST-1 about to drill
- Raptor expected to spud later this year
Management changes
Saxon Palmer has been appointed as InterOil's Senior Vice
President, Exploration. His appointment follows the transition of
Laurie Brown to an advisory role
after Mr Brown developed a back condition that required specialist
treatment and has restricted his capacity to travel.
Mr Palmer is a former executive with BP and BHP Billiton with
more than 25 years of international oil and gas experience. At BP,
he was heavily involved in the discovery and appraisal of the Hides
and Kutubu fields in Papua New
Guinea. At BHP Billiton, he was global exploration and
appraisal portfolio manager and also managed exploration for BHP
Billiton in Australasia.
Following the annual meeting, the company will conduct a
non-deal roadshow in North America
and the United Kingdom.
About InterOil
InterOil Corporation 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 of Papua New Guinea, and exploration licenses
covering about 16,000sqkm of the Eastern Papuan Basin. The company
employs more than 2,000 staff and contractors. Its main offices are
in Singapore and Port Moresby. InterOil is listed on the
New York and Port Moresby stock exchanges.
Forward Looking Statements
This media release includes "forward-looking statements" as
defined in United States federal
and Canadian securities laws. All statements, other than statements
of historical facts, included in this release that address
activities, events or developments that InterOil expects, believes
or anticipates will or may occur in the future are forward-looking
statements, including, in particular, the estimated timing, size
and cost of the LNG development, hydrocarbon volumes, and future
exploration activities. These statements are based on our current
beliefs as well as assumptions made by, and information currently
available to us. No assurances can be given however, that these
events will occur. Actual results could differ, and the difference
may be material and adverse to the company and its shareholders.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company,
which may cause our actual results to differ materially from those
implied or expressed by the forward-looking statements. Some of
these factors include the risk factors discussed in the company's
filings with the Securities and Exchange Commission and on SEDAR,
including but not limited to those in the company's annual report
for the year ended December 31, 2014
on Form 40-F and its Annual Information Form for the year ended
December 31, 2014. In particular,
there is no established market for natural gas or gas condensate in
Papua New Guinea and no guarantee
that gas or gas condensate from the Elk and Antelope fields will
ultimately be able to be extracted and sold commercially. Investors
are urged to consider closely the disclosure in the company's Form
40-F, available from us at www.interoil.com or from the SEC at
www.sec.gov and its Annual Information Form available on SEDAR at
www.sedar.com.
Investor Contacts
Singapore
|
Singapore
|
United
States
|
Michael
Lynn
Senior Vice
President
Investor
Relations
|
David Wu
Vice
President
Investor
Relations
|
Cynthia
Black
Investor
Relations
North
America
|
T: +65 6507
0222
E:
michael.lynn@interoil.com
|
T: +65 6507
0222
E:
david.wu@interoil.com
|
T: +1 212 653
9778
E:
cynthia.black@interoil.com
|
Media Contacts
Singapore
|
Australia
|
|
Rob
Millhouse
Vice
President
Corporate
Affairs
|
John Hurst
Cannings
Corporate
Communications
|
|
T: +65 8112
5694
E:
robert.millhouse@interoil.com
|
T: +61 418 708
663
E:
jhurst@cannings.net.au
|
|
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SOURCE InterOil Corporation