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Interoil Exploration & Production ASA: Production update 2016

Average production in November 2016, compared to average production in October 2016, was:

IOX licences* November 2016 October 2016
  Boe/d** Bopd*** Boe/d** Bopd***
Colombia 1 023 598 1 012 624

Operator licences November 2016 October 2016
  Boe/d** Bopd*** Boe/d** Bopd***
Colombia 460 460 452 452

*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil

Oil has been sold at average net sales price: USD 41,3/bbl in November.

Gas has been sold at average net sales price: USD 19,6/boe in November.

Operations & Maintenance Contract sales price: USD 17/bbl 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 70 people and is headquartered in Oslo.

This information is subject to 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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