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2014-05-12

Interoil Exploration and Production ASA : Production update 2014

Average production in April 2014, compared to average production in March
2014, was:

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|Production* April 2014 March 2014 |
| Boe/d** Bopd*** Boe/d** Boe/d** |
|Peru 2 073 2 073 2 270 2 270 |
|Colombia 1 721 1 213 1 754 1 243 |
|Total 3 794 3 286 4 024 3 513 |
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*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil

Oil has been sold at average sales price of USD 106.7/bbl in Peru and USD
94.7/bbl in Colombia in April.

Gas has been sold at average sales price of USD 17.8/bbl in Colombia in April.

For more information please contact:

Thomas J. Fjell
CEO
Mob: +47 958 15 300
E-mail:tfjell@interoil.no
Erik Sandøy
CFO
Mob: +47 488 94 426
E-mail:esandoy@interoil.no
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 and Colombia.
Interoil currently employs approximately 235 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.

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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

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