<p>Interoil Exploration and Production ASA has completed the sale of its conventional oil and gas assets in Argentina, including its interests in the Santa Cruz Sur joint operations, the La Brea Block, and its rights related to the Mata Magallanes Oeste production concession and the Cañadón Ramírez exploration block. The assets were sold to an Argentine investor for up to USD 1 million, payable in ten contingent installments based on production thresholds. Additionally, Interoil will receive an overriding royalty interest equal to 80% of profits from production exceeding 57,000 barrels of oil equivalent per month. The company stated that this move is part of its strategy to focus on non-conventional energy assets and enhance operational efficiency. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InterOil Exploration and Production ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: OMX_____GNW1001163757-en) on February 09, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Interoil Completes Sale of Argentine Assets for Up to $1 Million