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Interoil Exploration & Production ASA : Production update June 2012

The average production in June 2012, compared to the average production in May 2012, was:

Production* June 2012 May 2012
Gross Net Gross Net
Peru   3'131 3'131 2'994 2'994
Colombia** 1'724 1'280 1'775 1'295
Total   4'855 4'411 4'769 4'289

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

In Peru the second appraisal well, 13172D was set in production mid June. The well produces today 340 BOPD.
In Colombia the Mizar-1 exploration well is still undergoing testing of multiple reservoirs.

Oil has been sold at average sales price of USD 93.3 in Peru and USD 92.7in Colombia per barrel during June.

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 280 people and is headquartered in Oslo.

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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