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InterOil to Hold Technical Update Call on the Successful Drilling of Over 1,489 Feet of Reservoir at Triceratops-2

InterOil Corporation (NYSE: IOC) announced that it will hold a technical update conference call on the Triceratops-2 well in Papua New Guinea, on Monday, April 2, 2012 at 9:00 a.m. Eastern (8:00 a.m. Central).

To date InterOil has successfully drilled 1,489 feet of the target carbonate reservoir. Over the entire carbonate reservoir interval the Company has observed back ground gas (C1 methane to C5+ pentane and heavier hydrocarbons), along with condensate shows and dolomite, an indicator of reefal development. The call will provide a technical update on drilling activities, and clarify the successful results observed from the reservoir section to date, and forward activities.

A technical summary will outline progress on the primary objectives of the Triceratops-2 well, which are to: 1) confirm the presence of gas and condensate; and 2) test for the presence of shallow marine and reefal carbonate reservoir.

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