Mata Magallanes Oeste/Cañadon Ramirez
Mata Magallanes Oeste/Cañadon Ramirez
Oslo, 4 September 2025
Interoil Exploration and Production ASA ("Interoil") informs that Petrominera
S.E. ("Petrominera"), an instrumentality of the Province of Chubut, Argentina,
has decided to terminate the joint venture agreement entered into between
Petrominera, Interoil and Selva Maria Oil S.A. ("SMO", and together with
Interoil, the "Private Companies"). Such contract regulates the relationship
between such parties, as members of the joint venture, in connection with the
exploration and exploitation of the areas Mata Magallanes Oeste and Cañadon
Ramirez, both located in the Province of Chubut.
Petrominera's termination is purported to be based upon alleged failures of the
Private Companies to meet their obligations. The Company is assessing with its
counsel appropriate courses of action to challenge its legality and to restore
its rights.
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Interoil Exploration and Production ASA is a Norwegian based exploration and
production company - listed on the Oslo Stock Exchange with focus on Latin
America. The Company is operator and license holder of several production and
exploration assets in Colombia and Argentina with headquarter in Oslo.
This notice contains information which is considered inside information pursuant
to the European Market Abuse Regulation. The notice has been published by Geir
Arne Drangeid (Partner and Senior Advisor, First House AS) at 21:20 CEST on 4
September 2025.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.