Raptor-1 has intersected 200m of the Kapau Limestone target zone, with wireline logs indicating the presence of hydrocarbons.
InterOil Corporation now plans to conduct well testing to determine the hydrocarbon type, column, flow rate and reservoir quality.
Raptor-1 is about 12km west of InterOil's Elk-Antelope gas field.
InterOil holds a 65.208174% interest in Raptor-1 and is operator. Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) has a 12.903226% interest in the well. Minority interests hold 21.8886%.
BOBCAT-1, PPL 476
Bobcat-1 has successfully drilled through the Orubadi seal section and into the Kapau Limestone. After running and cementing a 5 inch liner, InterOil is preparing to drill further into the target zone.
Bobcat-1 is about 30km north-west of Elk-Antelope.