Rochester, NY 6/20/2009 2:43:37 AM
Late Day Losers - IOC - InterOil Announces Additional Oil Recovery - Sourced WhisperFromWallStreet.com
InterOil, Corp
Late Day Losers - IOC - InterOil Announces Additional Oil Recovery - Sourced WhisperFromWallStreet.com
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INTEROIL CORP,IOC
29.72 Down 2.06 (6.48%) 3:37PM ET
InterOil updates Antelope-1 testing and completion (IOC) 31.78 : Co announces announced additional oil recovery from the most recently drilled interval from 7,891 feet to the total depth at 8,170 feet in the second side track of the Antelope-1 well. Drill Stem Test #14, performed over an interval from 7,940 feet to 8,045 feet in the second side track, recovered gas, condensate, oil and drilling fluid over the 105 foot (32 meter) open hole section. Subsequently, DST #15 performed over an interval from 8,078 feet to 8,170 feet was unsuccessful due to the downhole valve failing to open. The oil recovered in DST #14 measured in the lab within a range 33 to 43 degree API gravity.
About
InterOil Corporation, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Papua New Guinea. The company owns four petroleum prospecting licenses covering approximately 8.7 million net acres, as well as two petroleum retention licenses located in Papua New Guinea. It also engages in liquefaction, refining, and marketing jet fuel, diesel, and gasoline, as well as naphtha and low sulfur waxy residue. In addition, the company involves in the retail and wholesale distribution of diesel, jet fuel, gasoline, kerosene, and fuel oil, as well as Shell and BP branded commercial and industrial lubricants, such as engine and hydraulic oils.
Last Trade: 29.47
Day's Range: 28.46 - 32.00
52wk Range: 8.90 - 41.62
Volume: 1,234,700
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