InterOil released the following information about the average production in May 2008, compared to the average production in April 2008.
Production in April 2008:
Peru: 2,862. Colombia: 1,655. Total: 4,517.
May 2008: Peru: 2,710. Colombia: 1,619. Total: 4,329.
The production is average daily production (bopd) and is working interest before royalty.
The decline in April and May is mainly due to the shut-in of wells undergoing enhanced oil recovery work.
Oil has been sold at average record sales price of $119.67 in Peru and $117.18 in Colombia per barrel during May, to be compared with the average price during Q1 2008 of $92.80 in Peru and $ 90.20 in Colombia.
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