InterOil to Sell Total 61.3% Interest in Petroleum Retention License 15 for $1.5B-$3.6B

InterOil Corporation (NYSE: IOC ) has agreed to sell to Total S.A. (NYSE: TOT ) a gross 61.3% interest in Petroleum Retention License 15 ("PRL15") which contains the Elk-Antelope gas fields in the Gulf Province of Papua New Guinea , and has also granted Total an exclusive right