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Access to a New Rig - jft310 - 11-15-2012

Preparations At Tuna And Wahoo/Mako Drilling Locations Are Underway

The acquisition of the Seismic Strike KW08IOL12 and TU04IOL12 and processing of the data has been

completed.

Detailed mapping of InterOil’s recent seismic and available legacy seismic acquired by previous

operators has been completed.

The selection of potential exploratory well locations for future lease obligation wells has been completed.

A field reconnaissance has been completed to determine final locations, logistic and infrastructure

requirements.

Negotiations for a third party rig and contractors for Site are in process.




RE: Access to a New Rig - Tusker - 11-15-2012

Well,well,well... reef hunters shore party sighted by islanders.

Wonder where from these folks set sail.

??