IOC Retains its Financial advisors

Inter Oil announced that it has retained BNP Paribas Capital (Singapore) Ltd (BNP) and ABN AMRO Corporate Finance Australia Ltd (ABN AMRO) as joint financial advisors for the sale of interests in the Elk/Antelope field, the Liquid Niugini Gas Ltd LNG Project and associated liquid natural gas off-take agreements with potential strategic partners.

After preliminary discussions with major oil companies, national oil companies and
international natural gas utilities, InterOil and its advisors will determine the most suitable industry farm-in partner to acquire up to a 25% interest in its LNG assets. No assurances can be provided that this process will result in any sale of interests in the Elk/Antelope field or the associated proposed LNG project.