InterOil (78% WI, operator) declared the gas find at its Bobcat-1 exploration well in Papua New Guinea's PPL 476 is a major discovery. As previously reported by PLS, wireline logging of the 10,500-ft well had indicated the presence of a 1,050-ft gas column in the Kapau Limestone. However, a newer production test over the interval resulted in large surface flow and flaring. InterOil also said seismic data indicate the crest of the probed structure......
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