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Richard Chandler Corporation Announces Acquisition of Shares of InterOil Corporation

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The Richard Chandler Corporation announced today that Orchid Fund Pte Limited ("Orchid") has, on May 16, 2012, acquired beneficial ownership of 180,000 common shares (the "Acquired Shares") of the capital of InterOil Corporation (the "Issuer"), which represent approximately 0.37% of the issued and outstanding common shares of the Issuer.  As a result of this acquisition, Orchid's shareholding in the Issuer is now an aggregate of 6,025,851 common shares of the capital of the Issuer, which represents approximately 12.51% of the issued and outstanding common shares of the Issuer. The Acquired Shares were purchased on the New York Stock Exchange at an average price of US$56.8759 per common share.

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