Drilling program update

Published: Friday 17 March 2017
Article Category: Announcement

Drilling Program Update

Further to the announcement made on 1 March 2017, regarding the commencement of drilling on the Altair licence, drilling operations began as expected in Turaco-1 (Altair). The first section at 1,205 feet has been completed and logs are being recorded. This section will be conditioned and cemented in the next 48 hours, as originally planned. The drilling of the second section will start on Saturday 18 March to a target total depth of 6,800 feet. Reservoirs are expected to be found below 5,000 feet.

Once drilling is completed the rig will be moved to the LLA 47 licence to drill the Vikingo-1 well.

Contact: ir@interoil.no
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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 the operator of several production and exploration assets in Colombia. Interoil currently employs approximately 71 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.