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To answer requests from shareholders the company is pleased to announce the Adjusted EBITDA corresponding to the second quarter. During the period, Interoil E&P had several "One Time Expenses", mainly related to a personnel resizing policy, a PeruPetro dispute provision and an extraordinary compensation to Management for recent discoveries. Please find below a disaggregation of this extraordinary payments:
Employee Severance for USD 89,433
PetroPeru Provision for USD 400,000
Former management Bonus for USD 285,000
As a result, the companys Adjusted EBITDA is USD 1.2 million.
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.