InterOil's has now completed 4 wells in our fracking program with an overall increase of 50% from previous production. The total from the 4 wells is 1 353 bopd. The previous total production was 876 bopd. InterOil's working interest production from the 4 wells is 886 bopd. We will continue with our fracking until we have completed our planned 10 wells.
InterOil is just completing the first new well this year in Mana (Mana 16), with very good oil shows throughout the reservoir. We will test the well within 7 - 10 days.
"We are very pleased with both the fracking campaign and the results from the new well. Mana 16 is located in the southern part of the Toqui Toqui field and opens up the possibility of many additional production wells in this area if a successful production test is achieved", says Nils N. Trulsvik, CEO of InterOil E & P ASA.
For more information please contact:
Wilhelm Matheson
CFO
Tel: +47 6751 8652
Mob: +47 4147 8558
Fax: +47 6751 8660
E-mail: w.matheson@interoil.no
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InterOil Exploration & Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America and West-Africa. The company is operator of several production and exploration assets in Peru and Colombia, and is an active license partner in Angola and Ghana. InterOil currently employs approximately 200 people and is headquartered in Oslo.