Interoil Q3 2018 report

Oslo, 29 November 2018:

Due to Vikingo's workover operation sales decreased generating a 47 % decrease in revenues during the quarter from USD 7.4 million in Q2 2018 to USD 3.9 million in 3Q 2018.
The Company delivered an EBITDAx (EBITDA adjusted for exploration cost) of USD 1.2 million, the lower in the year.
Net comprehensive losses came in at USD 0.8 million (Q2 2018: USD 0.1 million profit).

Subsequent events:

On November 6th Vikingo's workover operation successfully finished. The company will continue testing and evaluating the lower C7 formation
The Arbitration Tribunal acting in the controversy between Interoil Colombia and the ANH to settle all the claims and disputes concerning the Exploration and Production Contract No. 68, Block COR-6 approved the conciliation agreed to by Interoil Colombia and the ANH. As a result, Interoil is released from any liability, penalty or responsibility relating to the COR-6 Contract.

For more information, please see attached Q3 2018 interim report

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Interoil Q3 2018 report

This announcement is distributed by West Corporation on behalf of West Corporation 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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