InterOil's fifth well in the new Mirador area (Southern part of Block III) produce 950 bopd, a record high for a single well. The third and fourth wells are at present being tested, however the expected production should be more in line with normal wells (80 - 100 bopd). The sixth well will be tested within 2 weeks and looks very promising.
"The new wells indicate once more that the Mirador area will have a huge impact on our future production in Peru and contain significant new reserves", says Nils N. Trulsvik, CEO of InterOil E&P ASA.
"InterOil has now a better understanding of the Mirador area and will focus the next wells to be drilled near the successful wells. Additional production wells are planned to be drilled back to back during the next 3 months", continued Trulsvik.
A map of InterOil's blocks in Peru is enclosed.
For more information please contact:
Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
E-mail: f.zernichow@interoil.no
www.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.