InterOil Provides Market Guidance on Its Business Operations

TORONTO, ONTARIO, October 10 / MARKET WIRE/ -- InterOil Corporation (TSX: IOL) (AMEX: IOC) (POMSoX:IOC), a Canadian company with operations in Papua New Guinea confirmed today that it is on track to meet its projected earnings for the third quarter of 2008. The midstream refining and downstream distribution operations have continued to operate profitably and are in line with the Company's profit expectations. "We will be filing our third quarter financials on November 10, and we are extremely pleased to advise that InterOil has weathered the dramatic downturn through prudent management and control procedures and will be announcing a profit for the third quarter 2008," said Mr Collin Visaggio, Chief Financial Officer. InterOil is also preparing to commence drilling the Antelope-1 appraisal well in the next few days. The... [read full story]