Production update April 2011

The average production in April 2011, compared to the average production in March 2011, was:


Production*   April 2011      March 2011
Peru               4`191              4`669
Colombia       1`622              1`692
Total               5`813              6`361
*The production is average daily oil production (bopd) and is working interest before royalty.

 

InterOil has experienced high depletion on the San Luis Field in Peru during April. InterOil is working actively to reduce the depletion and plans to start the drilling on the San Luis field during third week of May. The Altair-1 well in Colombia was re-completed and put in production last week. The drilling campaign in Colombia is expected to start in late June.

 

Oil has been sold at average sales price of USD 118.52 in Peru and USD 116.27 in Colombia per barrel during April.

 

For more information please contact:

Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
www.interoil.no
 

***************************

 

InterOil Exploration & Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America. The company is operator of several production and exploration assets in Peru, Colombia and Ghana. InterOil currently employs approximately 250 people and is headquartered in Oslo.
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Interoil Exploration & Production ASA via Thomson Reuters ONE

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