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Interoil Exploration & Production ASA : Colombia drilling program update

The results of our fourth Monserrate well (MN-31) show an initial production of 132 bopd and 144 boepd. The well was drilled to 4 173 ft with a 18 degree deviation. 368 ft. of net sands were selected for perforation. GOR was 493 scf/stb of 25.7 API oil gravity with 0.0% BSW.

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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