InterOil Completes Well at San Luis Field

InterOil has completed the second well, 13164D, on the San Luis Field in Peru. The well is producing 795 BOPD through a 5/16" choke. This is significant higher than the estimated 350 BOPD.

Well 13164D encountered a separate segment on the San Luis Field, with several oil bearing sands in the Salina Mogollon Formation. Pressure data support the interpretation of a new segment and show no sign of depletion from neighboring wells. This pay-zone is thicker than any of the zones drilled so far on the San Luis Field. San Luis will be further evaluated in order to map out the additional potential this segment can have for future drilling. The full potential of this new segment will be better understood after 2-3 months of production.

Drilling of the third well, 13157D, is ongoing. The well will be drilled as an appraisal well to the San Luis Field in a North Eastern position and is expected to be completed in the beginning of August.