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Interoil Exploration & Production ASA : Production update April 2012

The average production in April 2012, compared to the average production in March 2012, was:

Production* April 2012 March 2012
Gross Net Gross Net
Peru   2'747 2'747 3'013 3'013
Colombia** 1'897 1'401 1'896 1'405
Total   4'644 4'148 4'909 4'418

*The production is average daily oil production (bopd) before royalty
**InterOil's working interest in Colombia varies from 70% to 90% dependent on license

Heavy rain during February and March has caused the Chira River in Block III to rise and flood part of the South Mirador Field. InterOil has therefore decided to shut down parts of the production in Block III. The production is expected to be back to normal soon.

Oil has been sold at average sales price of USD 116.54 in Peru and USD 106.85 in Colombia per barrel during April.

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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