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Interoil recorded an EBITDA of USD 1,1 million in Q1 2016 (Q4 2015: USD 1,0 million before one off provisions) on operating revenues of USD 3,9 million (Q4 2015: USD 3,6 million). Increased revenues and EBITDA primarily result from stable production and a reduction in inventory with an increase in the number of barrels sold. The fall in the oil price negatively affected revenues. Administrative cost fell to USD 1,1 million from USD 1,4 million in Q4 2015. Net comprehensive loss came in at USD 0,8 million (Q4 2015: USD 6,2 million loss).
Detailed information on the operational and financial activities of Interoil is presented in Interoil's Q1 2016 Report enclosed.
Please direct any further questions to: ir@interoil.no.
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