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New InterOil CEO

Dr Hession brings with him over 25 years’ experience inthe petroleum and hydro – carbon industry.

AsInterOil anticipates high monetary value from Petroleum Retention Licence 15,the Elk and Antelope Gas reserves in Gulf province,the company hopes this can be achieved throughthe lLeadersip ofthe new Chief Executive Officer Dr Michael Hession.

Dr Hession wasthe Senior Vice President at Beowse LNG Developmentoan international energy company where he was responsible for the development ofthe company’s biggest hydrocarbon resource and energy projects.

Dr Gaylen Beker who was Acting onthe CEO’s postowas pleased withthe appointment as Dr Hession has strong commercial ties inthe industry and has shown great skill in liaising with partners and governments on complex projects.

The appointment concludes formalities for the CEO’s post for one of Papua New Guinearsquo;s biggest energy developerInterOil followingthe retirement of former CEO Phil Museck in April. The Founder ofInterOil Corporation and pioneer ofthe Elk Antelope Project retired after servingthe company for 16years.

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