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JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa

Interoil Exploration & Production Asa · Jun 26, 2015 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 1
    26 June 2015 1
  2. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 2
    Table of contents 1. Background 2. 2014 Annual Report 3. Q1-2015 4. Operational update 5. Outlook 2
  3. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 3
    Licenses Operated portfolio of four licenses in Colombia and one service contract with Ecopetrol. Puli-C, the main producing block, is an area with three Ecopetrols association contracts in Middle Magdalena Basin: Mana, Ambrosia,…
  4. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 4
    2015 highlights IOX debt restructuring Andes acquired a 51% of Interoil through a private placement of 330 million new shares for NOK 36,3 Norway, Oslo million Headquarter Replacement of NOK 310 million bond and USD 5,7 million…
  5. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 5
    Table of contents 1. Background 2. 2014 Annual Report* 3. Q1-2015 4. Operational update 5. Outlook *The Board of Interoil confirms that financial statements have been prepared under the going concern assumption, however…
  6. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 6
    2014 Highlights P&L / Cash flow Average production for the year 2014 was 1,598 BOEPD. Interoil Colombia (USD 1000) 2014 2013 WI Production/Day 1 598 1 470 Average oil price fell from USD/bbl 99 to USD 86 in 2014 and in Oil price 86…
  7. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 7
    Table of contents 1. Background 2. 2014 Annual Report 3. Q1 2015 4. Operational update 5. Outlook 7
  8. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 8
    Q1 2015 Highlights P&L Cash Flow Quarterly revenues fell 59% year-on-year. The decrease results Interoil Colombia (USD 1000) Q1 2015 Q1 2014 primarily from a drop in oil prices of nearly 50%, from USD Unaudited 93/bbl in Q1 2014 to…
  9. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 9
    Table of contents 1. Background 2. 2014 Annual Report 3. Q1 2015 4. Operational update 5. Outlook 9
  10. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 10
    2014 Executed Activities The original 2013/2014 development plan was designed to increase production and reserves through an expensive drilling program: Started operational activities aimed at reducing decline rates and increasing…
  11. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 11
    2015 Development program The 2015 development plan was designed to increase production and reserves at a low cost: Working in a detail static model of Mana, Ambrosia and Rio Opia fields. The idea is to find unperforated new layers…
  12. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 12
    Operating netbacks Price reduced 45% in 1Q 2015 compared with 2014. In consequence, and despite a reduction in Operating cost by 26% in the same period, netback reduced more than 50%. This relatively low net back forces…
  13. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 13
    LLA-47 Exploration Block Block situated in a prolific neighborhood: Producing from five different reservoirs. Several producers in immediate vicinity. Average field size of 5.5 MMBO, API of 18 - 39. LLA-47 3D seismic…
  14. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 14
    LLA-47 Results based on Anisotropic Cube Interpretation Several opportunities mapped: 21 opportunities in Tertiary reservoirs 16 opportunities in Cretaceous reservoirs Large area per opportunity (between 90 to 1,600 acres). High…
  15. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 15
    Altair Results based on Cube Interpretation Several opportunities mapped: 12 opportunities in Tertiary reservoirs 6 opportunities in Cretaceous reservoirs Area per opportunity (between 60 to 464 acres) High volume potential per…
  16. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 16
    Table of contents 1. Background 2. 2012 Annual Report 3. Q1 2015 4. Colombia update 5. Outlook 16
  17. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 17
    Outlook Cost cutting program & restructuring Cost cuttings have been implemented and achieved results New experienced upper management appointed Mana Field Maintain production through development programs Secondary recovery…
  18. JUNE 2015 INVESTOR PRESENTATION – Interoil Exploration & Production Asa – slide 18
    18

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