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BRIEF-Interoil expects 2016 expenditure of $175-$195 mln

Published 2015-11-13, 05:50 a/m
© Reuters.  BRIEF-Interoil expects 2016 expenditure of $175-$195 mln

Nov 13 (Reuters) - InterOil Corp IOC.N :
* Drilling and Q3 2015 update
* Sees 2016 expenditure estimate of $175-$195 million
* Says antelope-4 sidetrack-1 well in petroleum retention license 15 (prl 15)
in papua new guinea has reached total depth
* Says expect to reduce corporate and other associated costs by more than 50%
in 2016
* Qtrly loss per share from continuing operations $2.09
* Jv now intends to spud antelope-6 in December as part of the appraisal
program to define the resource for the papua lng project
* Qtrly total revenues $11.8 million versus $10.7 million

* Source text for Eikon urn:newsml:reuters.com:*:nPn8dbFz9
* Further company coverage IOC.N

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