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Interoil Exploration & Production ASA: Drilling program update

Drilling Altair license

Further to the announcement made on 31 January 2017, regarding the commencement of drilling on the Altair licence, we had planned to commence drilling on 20 February 2017 but unfortunately the local community blocked access to the road to the Turaco well location. The company has been working closely with the Minister of Interior, the ANH and local authorities to resolve this situation.

We have now succeeded in reaching agreement with the local community to access the site. The rig has been mobilised and is on site with drilling expected to commence on 8 March.

Contact: 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 the operator of several production and exploration assets in Colombia. Interoil currently employs approximately 71 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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