InterOil Corp. (IOC)

[OilStockReport]

Great accomplishments this year.

2010 Achievements

 Increased Certified Resources in the
Elk/Antelope fields with GLJ from 4.7 to 10.6
Tcf of Gas-in-Place

 Enhanced the understanding of the Antelope
reservoir with 2 horizontal wells drilled from
Antelope 2 well along with significant
geoscience and engineering programs

 Completed the 100km Appraisal Seismic
program

 Exploration seismic shot over Bwata and
Wolverine prospects

 Partnership with Mitsui and progressed
works on Condensate Stripping plant

 Progressed licensing of the CSP and
developed a licensing group to oversee this
function for the Upstream and Mid-stream

 Construction business has put us in a
position to initiate early works to reduce risk
and overall capital costs

 Acquisition of Rig 3