Q4 2014 Update For the three months ending December 31, 2014 March 17, 2015
Key Messages 1. 2014 achievements a solid foundation for growth 2. Advancing development of Elk-Antelope, potentially one of the lowest cost new-build LNG projects globally 3. 5 targets identified with 17 Tcfe potential outside…
Operations overview Papua New Guinea now a major LNG player PNG de-risked with successful start up of ExxonMobil-operated PNG LNG project Existing infrastructure, attractive fiscal regime, experienced workforce…
Elk-Antelope: Cost advantaged Project PNG LNG Elk-Antelope Pnyang Field PNG LNG Gas Number of fields 7 1 Triceratops Field 69.1% IOC equity Purari River Distance to Port Moresby 690km 340km Bobcat Field Highlands Near Shore…
Elk-Antelope: Development timetable Indicative timeline for LNG development by Total SA (December 2014) Concept selection (before end Q2 2015), early works (Q3 2016), construction (Q3 2017) Source: Total SA, PNG Mining and Petroleum…
Appraisal program well advanced Antelope-4 nearing completion 3D Map of Antelope** N Antelope-1 Top reservoir intersected at 1,911m TVDSS* At this location, infers 300m gas column to field GWC (2,214m) Antelope-3 Well currently at…
Planned drilling program 2014-15 IOC Ownership Well Well Type Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 (Gross%) 1. Bobcat 78.6% Exploration Discovery Well suspended due to Expected return to 2. Wahoo 78.1% Exploration…
5 new targets with 17 Tcfe potential Triceratops Bobcat Elk-Antelope 69.1% Interest 78.6% Interest Potential 2-train LNG development 8 Tcfe Raptor 66.2% Interest Elk-Antelope 36.5% Interest Gross, un-risked contingent…
Financial summary Key events Completion payment from Total of 401m in March 2014 300m credit facility refinanced in June with price decreasing to Libor + 5% Sold refinery and downstream in June 2014 for 525.6m Financial…
Consolidated income statement for 2014 Year ended Consolidated Operating results December 31, ( thousands, except per share data) 2014 2013 2012 Interest revenue 1,991 71 62 Other 11,168 2,692 10,361 Total revenue 13,159 2,763 10,423…
Strong balance sheet AT SEPTEMBER 30, 2014 Q4 MOVEMENT DEC 31, 2014 Q4 expenditure USm 79m expenditure on: Raptor-1 1,000 Bobcat-1 900 Wahoo-1 Antelope-4 drill 800 12 Antelope-5 preparation & drill 700 79 68 Triceratops-3…
Financial forecast for 2015 Strong balance sheet to support operations in 2015 6-7 wells planned Additional seismic and aerial gravity surveys Estimated 2015 spend 250m-290m + 70m convertible notes: 60% on drilling (up to 7 wells in…
Summary 2015: Focused on execution, deliver long-term value to our shareholders Find: 5 new high-impact exploration and appraisal targets 8 Tcfe potential in Bobcat, Raptor, Triceratops 9 Tcfe potential in Antelope South, Wahoo…
Thank You For more information, please contact: michael.lynninteroil.com Senior Vice President, Investor Relations david.wuinteroil.com Vice President, Investor Relations
Profile: InterOil Corporation (NYSE:IOC) Leading Asian E&P company with Papua New Guinea, LNG for Asia LNG focus ExxonMobil-operated PNG LNG, Focus on Papua New Guinea delivered first LNG cargo in 2014 Discovered Elk-Antelope one…
Key milestones in Q4 2014 and subsequent to year end Oct 16, 2014 Nov 14, 2014 Dec 11, 2014 Jan 1, 2015 Chris Finlayson Raptor discovery Bobcat discovery Former BP Group E&P becomes Chairman CFO joins board Jan 1, 2015 Feb 2015…
Appendix: Total SA A global leader in LNG PRL15 Ownership Totals Global LNG Projects Source: Total SA 23
Appendix: Total SA Deal INDICATIVE PAYMENTS TO INTEROIL InterOil signed deal with USm 4,000 Total SA on March 26, 2014 3.5bn Fixed and contingent 3,500 payments 517 Largest cash proportion 3,000 expected at certification 2.8bn…
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