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Interoil Exploration & Production ASA: Q1 2016

Interoil recorded an EBITDA of USD 1,1 million in Q1 2016 (Q4 2015: USD 1,0
million before one off provisions) on operating revenues of USD 3,9 million
(Q4 2015: USD 3,6 million). Increased revenues and EBITDA primarily result
from stable production and a reduction in inventory with an increase in the
number of barrels sold. The fall in the oil price negatively affected
revenues. Administrative cost fell to USD 1,1 million from USD 1,4 million in
Q4 2015. Net comprehensive loss came in at USD 0,8 million (Q4 2015: USD 6,2
million loss).

Detailed information on the operational and financial activities of Interoil
is presented in Interoil's Q1 2016 Report enclosed.

Please direct any further questions


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 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.

Interoil Q1 report


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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