- InterOil (NYSE:IOC +2.1%) is a rare gainer on a day oil and gas companies suffer broad losses, after reporting an appraisal well drilled at its Triceratops gas discovery in Papua New Guinea delivered strong flow test results.
- IOC says the Triceratops-3 probe flowed at a rate of 17.1M cf/day of gas and 200 bbl/day of condensate, a result IOC says underscores the region's prospectivity.
- The well, a joint effort between IOC and partner Pacific Rubiales (PEGFF), is a potential tie-back candidate to the proposed Elk-Antelope project, in which IOC is a partner.