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Interoil Exploration & Production ASA : Production update August 2012

The average production in August 2012, compared to the average production in July 2012, was:

Production* August 2012 July 2012
Gross Net Gross Net
Peru   3'035 3'035 3'111 3'111
Colombia** 1'695 1'255 1'767 1'322
Total   4'730 4'290 4'878 4'433

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

Interoil is in the process of testing the main C7 reservoir in the Mizar-1 well at the Altair license in Colombia. Interoil will come with an update as soon as we have the final results.

Oil has been sold at average sales price of USD 110.51 in Peru and USD 108.72 in Colombia per barrel during August.

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.

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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