Thursday, January 21, 2010

IinterOil confirms indication of oil at Antelope 2

Cairns, Australia and Houston, TX -- January 20, 2010 -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) today announced confirmation of indications of oil in the Antelope-2 well in Papua New Guinea.

The Company is continuing to test whether the zone contains commercial quantities of oil and will announce the results of these tests when the evaluation has been completed.


About InterOil

InterOil Corporation is developing a vertically integrated energy business whose primary focus is Papua New Guinea and the surrounding region. InterOil’s assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition, InterOil is a shareholder in a joint venture established to construct an LNG plant on a site adjacent to InterOil’s refinery in Port Moresby, Papua New Guinea. InterOil’s common shares trade on the NYSE in US dollars.


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