InterOil profit down on exploration costs

INTEROIL has posted a net profit of $US7.8 million ($A8.65 million) for the quarter ended June 30, 2010, down $US1.8 million from the previous corresponding period.

InterOil profit down on exploration costs InterOil profit down on exploration costs InterOil profit down on exploration costs InterOil profit down on exploration costs InterOil profit down on exploration costs

The company said this was due to a $US8.3 million net loss in the upstream and midstream liquefaction development segments from higher exploration expenses.

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