PNG

InterOil posts healthy profit

INTEROIL has announced positive fourth quarter results for 2014, with the Papua New Guinea-focused energy company posting a $US289.8 million ($A380.53 million) full year profit and $715 million liquidity, according to a release today.

InterOil posts healthy profit

The result was helped by the sale of shares in PRL 15 to Elk-Antelope operator Total E&P PNG and the sale of the company's downstream business to Puma Energy. It still retains 36.54% interest in PRL...

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