Average production in October 2013, compared to average production in September 2013, was:
|Production*||October 2013||September 2013|
|Peru||2 388||2 388||2 502||2 502|
|Colombia||1 917||1 361||1 872||1 373|
|Total||4 305||3 749||4 374||3 875|
*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil
Oil has been sold at average sales price of USD 107.2/bbl in Peru and USD 102.2/bbl in Colombia in October.
Gas has been sold at average sales price of USD 18.0/bbl in Colombia in October.
Production decline in Peru was caused by the failure of a gas compressor, which has since been replaced. The new compressor was installed in early November. Production has since increased to above 2 500 bbl.
For more information please contact:
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 currently employs approximately 275 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.