InterOil Corporation

“As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the Supreme Court of Yukon. The hearing was held on September 27 and the court is considering the matter, including an objection filed by Phil Mulacek,” InterOil statement to Port Moresby Stock Exchange read.

Meanwhile, in a last week board decision, more than 80 percent were in favour of the proposed transaction by ExxonMobil to acquire all outstanding shares of InterOil Corp shares valued for more than $2.5 billion.

A statement released by InterOil today revealed that Triceratops-3 targets additional volumes north-west of previous appraisal wells.

“A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope” says InterOil.

InterOil holds a 69.0931% interest in the well and is operator.

Pacific Rubiales Energy Corp holds a 12.9032% interest in the well with the remaining 18.0037% held by minority interests.

InterOil will keep the market informed of material developments.