ARCHIVE

InterOil clarifies PNG conversion

InterOil Corporation has moved to clarify the minimum conversion price for PNG Drilling Ventures ...

InterOil clarifies PNG conversion

Originally InterOil secured $12.2 million in funding to help with its multi-well drilling program in Papua New Guinea.

Under the deal PNG Drilling Ventures is to earn an indirect 6.75% working interest in InterOil's expanded 16 well program. Initially the group had a right to convert part of the working interest into InterOil common stock at an average price of US$16.83 per share (C$23.24 per share).

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry