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Interoil Exploration & Production ASA : Production update January 2012

The average production in January 2012, compared to the average production in December 2011, was:

Production* January 2012 December 2011
Gross Net Gross Net
Peru   3'609 3'609 4'064 4'064
Colombia** 2'930 1'909 2'888 1'843
Total   6'539 5'518 6'952 5'907

*The production is average daily oil production (bopd) before royalty
**InterOil's working interest in Colombia varies from 50% to 90% dependent on license

The production decrease in Peru can mainly be traced back to normal decline in combination with maintenance of the gas compressors during a period in January.

Oil has been sold at average sales price of USD 109.30 in Peru and USD 103.70 in Colombia per barrel during January.

For more information please contact:

Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
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. The company is operator of several production and exploration assets in Peru, Colombia and Ghana. InterOil currently employs approximately 250 people and is headquartered in Oslo.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Interoil Main Office:
c/o Advokatfirmaet Schjødt AS
Ruseløkkveien 14
NO-0251 Oslo, Norway

Phone: (+47) 67 51 86 50
Fax: (+47) 67 51 86 60
info@interoil.no

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