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To: Crossy who wrote (25112)	12/11/2006 5:08:45 AM
From: El Canadiense	Respond to of 37387

11/12-2006 08:32:45: IOX - OPERATIONAL UPDATE Oslo, Norway -Interoil Exploration & Production ASA (IOX) has today completed the initial testing of Mana 7 well in Colombia. This is the first well drilled following re-interpretation based on the newly acquired 3D seismic and we are very pleased to report a production of 600 bopd. The encouraging result is clearly a much larger volume than expected (budget is 50bopd), and opens for an extension of the producing Toqui Toqui field to the West. Formally this well is outside our producing area and is classified as an exploration well. The area will therefore add to our existing reserve base. As a matter of normal procedure, wells must be put on long term testing and subsequently be included in a commerciality application extension, initially expected to take 1 - 2 months. InterOil presently owns 100%, but Ecopetrol (State Oil Company) as normal, will have the right to a 30% ownership, after we have recovered our exploration costs. Interoil has already started the drilling of Mana 6, another exploration well to the North of the Toqui Toqui field. The 4th well in Peru is producing 60 bopd, slightly below expectations, but the well is still in the process of cleaning up and we expect that it will produce 80 bopd once this is completed. Total additional production based on Q4 drilling programme has now exceeded 1100 bopd. For more information please contact: Fredrik von Zernichow Investor Relation Manager Tel: +47 6751 8661 Mob: +47 9927 3843 Fax: +47 6751 8660 E-mail: f.zernichow@interoil.no Ekstern link: newsweb.no