Interoil Announces Report for the First Quarter of 2023

Source: www.gulfoilandgas.com 5/30/2023, Location: South America

Highlights in the period
• Gross production in Q1 2023 decreased 21% compared to Q4 2022.
• In January 2023, the Company timely paid accrued and due interest on its corporate bond.
• Early in February 2023, the Company was notified of the formal approval to its acquisition of the 8.34% participating interests in five concessions in Santa Cruz, Argentina where the Company also serves as operator.
• The Company has worked with the relevant Provincial authorities on the satisfaction of the requirements to restart full activities in the MMO and Cañadón Ramírez fields (Chubut, Argentina) and reopened such fields.

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