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The average production in January 2012, compared to the average production in December 2011, was:
| Production* | January 2012 | December 2011 | ||
| Gross | Net | Gross | Net | |
| Peru | 3'609 | 3'609 | 4'064 | 4'064 |
| Colombia** | 2'930 | 1'909 | 2'888 | 1'843 |
| Total | 6'539 | 5'518 | 6'952 | 5'907 |
*The production is average daily oil production (bopd) before royalty
**InterOil's working interest in Colombia varies from 50% to 90% dependent on license
The production decrease in Peru can mainly be traced back to normal decline in combination with maintenance of the gas compressors during a period in January.
Oil has been sold at average sales price of USD 109.30 in Peru and USD 103.70 in Colombia per barrel during January.
For more information please contact:
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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.