Average production in January 2017, compared to average production in December 2016, was:
| IOX licences* | January 2017 | December 2016 | ||
| Boe/d** | Bopd*** | Boe/d** | Bopd*** | |
| Colombia | 979 | 596 | 974 | 592 |
| Operator licences | January 2017 | December 2016 | ||
| Boe/d** | Bopd*** | Boe/d** | Bopd*** | |
| Colombia | 456 | 456 | 419 | 419 |
*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil
Oil has been sold at average net sales price: USD 50/bbl in January.
Gas has been sold at average net sales price: USD 19,5/boe in January.
Operations & Maintenance Contract sales price: base production USD 17/bbl - additional production USD 9/bbl in January.
Please direct any further questions to: ir@interoil.no.
***************************
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 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.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Interoil Exploration & Production ASA via GlobeNewswire
HUG#2077373