InterOil (IOC) +10.1% premarket on news it has entered into exclusive negotiations with...

|About: InterOil Corporation (IOC)|By:, SA News Editor

InterOil (IOC) +10.1% premarket on news it has entered into exclusive negotiations with ExxonMobil (XOM) to develop the Elk and Antelope gas fields IOC owns in Papua New Guinea. The discussions include the possibility of XOM purchasing a stake in Petroleum Retention License 15 and providing funding to drill additional wells in the Elk and Antelope fields.