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Interoil Exploration and Production ASA : Production update 2014

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

Production* December 2014 November 2014
  Boe/d** Bopd*** Boe/d** Bopd***
Colombia 1 568 1 041 1 571 1 040
Peru****      2 161 2 161

*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 53.3/bbl in Colombia in December.

Gas has been sold at average sales price of USD 18.2/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.

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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