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Interoil Exploration & Production ASA : Operation update Colombia

Interoil has completed the testing of the Mizar-1 exploration well in the Altair License. The well will be suspended.

Testing was performed both in the Cretaceous Guadelupe and Gatcheta formations in addition to the Tertiary C7 reservoir.

The Cretaceous interval produced a total of 8200 bbls oil with a high watercut.  C7 tested water in both intervals. The results are considered non-economical.

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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