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However, IOX understands that the final award has been approved by the ICA and is in the process of being dispatched to the parties. IOX therefore expects to receive the award in the coming days.
The arbitration case between Interoil Peru and Perupetro before the ICA in Paris will determine whether Interoil Peru's licenses in Block III and IV in the Talara region of Peru shall be extended due to force majeure incidents that took place in 1998 and 2001.
For more information please contact:
Thomas J. Fjell CEO Mob: +47 958 15 300 E-mail: tfjell@interoil.no Erik Sandøy CFO Mob: +47 488 94 426 E-mail: esandoy@interoil.no 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 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.