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Interoil Exploration and Production ASA: Production update 2014

Average production in October 2014, compared to average production in September 2014, was:

Production* October 2014 September 2014
  Boe/d** Bopd*** Boe/d** Bopd***
Peru  2 311 2 311 2 267 2 267
Colombia 1 670 1 125 1 756 1 193
Total  3 981 3 436 4 023 3 460

*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 86.0/bbl in Peru and USD 84.1/bbl in Colombia in October.

Gas has been sold at average sales price of USD 18.0/bbl in Colombia in October.

Please direct any further questions to:

ir@interoil.no
www.interoil.no

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Interoil Exploration and 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.

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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