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Interoil Exploration and Production ASA : Production update 2014

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

Production* November 2014 October 2014
  Boe/d** Bopd*** Boe/d** Bopd***
Peru****  2 161 2 161 2 311 2 311
Colombia 1 571 1 040 1 670 1 125
Total   3 732  3 201 3 981 3 436

*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil
****Peru average daily production 1 November - 18 November, after which the Peruvian operations were divested

Oil has been sold at average sales price of USD 71.2/bbl in Colombia in November, and USD 78.9/bbl in Peru for the first 18 days in November.

Gas has been sold at average sales price of USD 19.3/bbl in Colombia in November.

Please direct any further questions to: ir@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 Colombia. Interoil currently employs approximately 95 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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