InterOil Corp. (IOC) Misses Q2 EPS by 27c

InterOil Corp. (NYSE: IOC) reported Q2 EPS of ($0.66), $0.27 worse than the analyst estimate of ($0.39).

In announcing financial results for the second quarter to June 30, 2015, InterOil Chief Executive Dr Michael Hession said the Antelope-5 well had exceeded all previous Antelope well results.

"Our latest appraisal results confirm our confidence that the field can support two trains," Dr Hession said.

"Our latest downhole pressure data from flow testing shows clear connectivity across the field -- that is, we see no evidence of compartmentalization either laterally or vertically.

"The testing also indicates a world-class, multi-darcy reservoir with strong deliverability, which should favorably influence development costs."

For earnings history and earnings-related data on InterOil Corp. (IOC) click here.

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