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Oslo, 29 May 2018: As a result of the stabilization in Vikingo well production, Interoil maintains gross daily average production over 1.500 boed. Higher level of sales and the improvement in the Oil price, drives an increase in revenues from USD 5.3 million in Q4 2017 to USD 6.1 million in 1Q 2018. The Company delivered an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 3.2 million, higher than in Q4 2017: USD 2.4 million. Operating revenues of USD 6.1 million (Q4 2017: USD 5.3 million). Net comprehensive loss came in at USD 0.3 million (Q4 2017: USD 0.8 million loss).
For more information, please see attached Q1 2018 interim report
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.