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Interoil Exploration & Production ASA: Vikingo - Testing Results

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Interoil Colombia E&P and SLS (farming partner) are pleased to announce the testing of the three layers targeted in Vikingo with the following results: lower C7 has steadily produced 180 bpd of formation fluids with 40% water cut (net oil of 108 bopd  25 API) through artificial lift, then upper C7 did not produce and finally C5 has naturally produced 744 bpd of oil (27 API) with 0.5% water cut. The well is currently shut-in to record downhole pressure build up for further reservoir analysis to adequate the most suitable production string to be left in the well for production.

Leandro Carbone, CEO, commented: We are very excited with the Vikingo results because it untapped a new oil province in the Llanos basin where further geological and geophysical work would be undertaken to up-date and fully appraise the remaining potential identified in Lla-47.

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 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
Tordenskiolds gate 12
NO-0160 Oslo, Norway


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