InterOil (IOC +2.6%) shares spike up and then pull back on conjecture regarding a well discovery...

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

InterOil (IOC +2.6%) shares spike up and then pull back on conjecture regarding a well discovery in Papua New Guinea. A local publication report suggests IOC's Triceratops-2 well hit "elevated gas readings" upon approaching the reef top and could result in the company’s biggest discovery.