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Interoil Exploration & Production ASA : Colombia drilling program update

The results of our third Monserrate well (MNS-9) show an average daily production of 346 bopd and 374 boepd including associated gas. The well was drilled to 3 685 ft with a 37 degree deviation. 362 ft. of net sands were selected for perforation. GOR was 430 scf/stb  of 26.3 API oil gravity with 0.1% BSW.

The well is producing above the companys expectations.

For more information please contact:

Thomas J. Fjell            
CEO                           
Mob: +47 958 15 300

Erik Sandøy
CFO
Mob: +47 488 94 426
    
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 and Colombia. Interoil 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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