Vis børsmeldingen
Interoil’s Total operated production for the six-month period amounted to
123,298 barrels of oil equivalent (boe), representing a decline from 314,036 boe
recorded in the same period of 2025. The decrease primarily reflects the
divestment of the Company’s Argentine operations completed in February 2026,
after which production was fully concentrated in Colombia. Production from the
remaining Colombian assets was also affected by the natural decline of the
producing fields during the period.
On 6 February 2026, the Company completed its strategic exit from its
conventional operations in Argentina. The transaction included the divestment of
the Company’s interests in the Santa Cruz Sur joint operations, the La Brea
Block, and the related rights associated with the Mata Magallanes Oeste (MMO)
production concession and the Cañadón Ramírez (CR) exploration block. The
consideration comprises up to USD 1.0 million, payable over a maximum period of
ten months in contingent monthly instalments, each payable only if monthly
production exceeds 47,000 BOE. At the time of the transaction, production was
below this threshold. In addition, the Company retained an Overriding Royalty
Interest (ORRI) equivalent to 80% of profits generated from monthly production
exceeding 57,000 BOE. Following the transaction, the Group has exited its
conventional operations in Argentina and is focused on its Colombian assets and
the evaluation of new growth opportunities.
Subsequent Events
On 28 July 2026, bondholders approved a Written Resolution authorizing the
settlement of the interest payment due on 31 July 2026 in kind (PIK) and
granting a waiver in respect of delays in the Company’s financial reporting
under the Bond Terms of the company’s senior secured callable bonds.
On 13 August 2026, the Extraordinary General Meeting approved a reduction of the
Company’s share capital from NOK 100.7 million to NOK 10.1 million, through a
reduction of the nominal value per share from NOK 5.00 to NOK 0.50. The
reduction amount will be applied against accumulated losses and is subject to
completion of the applicable creditor notice procedure. Once implemented, the
lower nominal value is expected to provide the Company with greater flexibility
to evaluate potential equity-based and other capital structure alternatives as
part of its efforts to implement a long-term capital structure solution before
the bond matures in January 2027.
Full report attached.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
Please direct any further questions to: ir@interoil.no (mailto:ir@interoil.no)
About Interoil Exploration and Production ASA
Interoil Exploration and Production ASA is a Norwegian-based independent oil and
gas exploration and production company listed on the Oslo Stock Exchange under
the ticker IOX. The Company has operated in Latin America for over two decades,
applying strong technical capabilities and a disciplined approach to value
creation and sustainability. This information is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Kilde
