Interoil Exploration & Production ASA: Q2 2015

Published Monday 31 August 2015

Interoil Exploration & Production ASA: Q2 2015

Interoil recorded an EBITDAx (EBITDA adjusted for exploration expenses) from continuing operations of USD 2,5 million in Q2 2015 (Q2 2014: USD 3,8 million) on operating revenues of USD 6,2 million (Q2 2014: USD 8,5 million) producing a net loss from continuing operations of USD 0,5 million(Q2 2014: USD -4,3 million). The decrease in revenues and EBITDAx primarily results from the fall in the oil price and production.Net loss from discontinued operations (Peru) amounted to USD 0.1 million, giving a comprehensive net loss of USD 0,6 million.

The profit and loss was positively affected by savings in administrative expenses of almost USD 1 million, and reduction in financial expenses as a result of the bond structure of USD 1,5 million.

Detailed information on the operational and financial activities of Interoil is presented in Interoil’s Q2 2015 Report.

Click here to download: Q2 2015 Interoil

Please direct any further questions to: 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 operator of production and exploration assets in Colombia. Interoil currently employs approximately 95 people and is headquartered in OsloThis information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.