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Interoil Exploration & Production ASA : Production update February 2014

Average production in February 2014, compared to average production in January 2014, was:

Production* February 2014 January 2014
Boe/d** Bopd*** Boe/d** Boe/d**
Peru   2 318 2 318 2 452 2 452
Colombia 1 898 1 322 2 000 1 456
Total   4 216 3 640 4 452 3 907

*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 106.2/bbl in Peru and USD 93.8/bbl in Colombia in February.

Gas has been sold at average sales price of USD 17.7/bbl in Colombia in February.

As previously communicated, Interoil Colombia is currently in the process of implementing various facility upgrades, as well as certain measures intended to improve its operational surface and subsurface processes. During this phase, we will see variations in daily production the next couple of months. These improvements will be reflected in future production behaviour. We target a working interest daily production of more than 2,000 bbls on average for the year.

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 currently employs approximately 230 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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