InterOil chases Elk discovery with sale of PRLs to Horizon

PNG’s sole oil refiner InterOil is focusing on its Elk and Antelope gas discoveries by selling off large stakes in separate petroleum retention licences in Western Province to a subsidiary of Australian-listed Horizon Oil.

InterOil chases Elk discovery with sale of PRLs to Horizon InterOil chases Elk discovery with sale of PRLs to Horizon InterOil chases Elk discovery with sale of PRLs to Horizon InterOil chases Elk discovery with sale of PRLs to Horizon InterOil chases Elk discovery with sale of PRLs to Horizon

The deal includes 43.13% interest in PRL 4, which contains the Stanley gas and condensate discovery, and 28.576% of PRL 5, which contains the Elevala and Ketu gas and condensate discoveries.

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