DRILLING

Drilling is back on InterOil's agenda

DUE to stronger results from its downstream and refining divisions, InterOil tripled its net profit year-on-year to $US23.5 million in the June quarter. A new exploration well, Triceratops-2, will be drilled in Papua New Guinea before year-end.

Blair Price

PNG's sole oil refiner benefited from foreign exchange price swings against the US dollar. It also lifted its downstream sales volumes by 12% year-on-year to 145.6 million litres. "The volume growth...

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