To answer requests from shareholders the company is pleased to announce the Adjusted EBITDA corresponding to the second quarter. During the period, Interoil E&P had several "One Time Expenses", mainly related to a personnel resizing policy, a PeruPetro dispute provision and an extraordinary compensation to Management for recent discoveries. Please find below a disaggregation of this extraordinary payments:
Employee Severance for USD 89,433
PetroPeru Provision for USD 400,000
Former management Bonus for USD 285,000
As a result, the companys Adjusted EBITDA is USD 1.2 million.
Contact: ir@interoil.no
***************************