Eastern Papuan basin wildcats starting

InterOil Corp., a Canadian company with corporate headquarters in The Woodlands, Tex., said that a drilling rig to be used to drill the Moose prospect has arrived in Papua New Guinea.The Moose well, on PPL 238, was to have spudded Mar. 23 as the first in an eight-well drilling program that will extend throughout the year. InterOil contracted RB Drilling to operate the drilling rig under the management of InterOil's wholly owned subsidiary, SPI (208) Ltd.The Moose prospect primary targets are the Late Cretaceous Pale and Subu sands at 4,921-6,561 ft with a secondary target Eocene limestone at 3,608 ft.The Moose prospect drilling follows two successful wells with which InterOil discover...

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