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May 2008 Corporate Presentation – Interoil Corporation

Interoil Corporation · May 14, 2008 · 14 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. May 2008 Corporate Presentation – Interoil Corporation – slide 1
    Elk-4 Technical Update May 14, 2008 1
  2. May 2008 Corporate Presentation – Interoil Corporation – slide 2
    Summary of Test Results Elk-4 & Antelope Discovery On May 1st the Elk-4 well, after penetrating 279 feet (85 meters) of the top of the Antelope structure. The Elk-4 well kicked and flowed gas and condensate to surface. A Drill Stem…
  3. May 2008 Corporate Presentation – Interoil Corporation – slide 3
    Chronology of Elk-4 / Antelope Discovery Objectives: The Elk-4 well is located within our Petroleum Prospecting License (PPL) 238 area and is the third appraisal well to target the Elk structure, with a secondary objective to deepen…
  4. May 2008 Corporate Presentation – Interoil Corporation – slide 4
    Elk-4 Condensate Mud loggers description of the Condensate: Strong hydrocarbon odour (petrol/kerosene smell), bright bluish white to milky white direct fluorescence, instant milky white cut Initial Analysis: Kick condensate…
  5. May 2008 Corporate Presentation – Interoil Corporation – slide 5
    ELK-4 Discovery Well DST-1 flow - 7.2 MM SCF Gas Per Day through 2.5 ID drill pipe 5
  6. May 2008 Corporate Presentation – Interoil Corporation – slide 6
    Elk-4 vs. Elk-1 Well Test Results Well Name Elk-4 Elk-1 Elk-1 Test Number: 1st DST 1st DST 2nd DST Depth 7,402 ft 5,236 ft 5,236 ft Flow rate 7.2MMcfd 7.1MMcfd 21.7MMcfd Surface Flowing Pressure 510 psi 500 psi 1,200 psi CGR…
  7. May 2008 Corporate Presentation – Interoil Corporation – slide 7
    Elk-4 Reservoir Conclusions DST 1 establishes strong gas flow at surface of 7.2 MMscfpd with an increased liquids content over Elk-1. Condensate is sweet with an API gravity of 54.6. The test result has proven the presence of gas…
  8. May 2008 Corporate Presentation – Interoil Corporation – slide 8
    Elk-4 / Antelope Appraisal (Forward Objectives) Although this early result is significant, further work is being done: After completing the tie back, resume drilling to programmed total depth (TD): 9 Evaluate the remaining…
  9. May 2008 Corporate Presentation – Interoil Corporation – slide 9
    Secondary Potential for Liquids at Elk-4 Initial analysis of the Kick samples indicate a very similar gas composition (including inerts) to the Elk-1 gas. DST samples are in being analysed. DST1 established a higher liquids content…
  10. May 2008 Corporate Presentation – Interoil Corporation – slide 10
    Antelope 1 Reef Test Location is ready. The top reef limestone prognosis for Antelope-1 is 5,330 feet (1,625 meters) below seal level giving a potential 1,640 feet (500 meter) gas column attic above the Elk-4 well LKG at 6,970…
  11. May 2008 Corporate Presentation – Interoil Corporation – slide 11
    Seismic Established the Reef Composite Line E4IOL05 and E12IOL07 11200 12000 12800 13600 14400 15200 16000 16800 17600 18400 19200 20000 E4IOL05 E12IOL07 Antelope-1 Elk-4 0 0 -400 -400 -800 -800 Top Reef Limestone…
  12. May 2008 Corporate Presentation – Interoil Corporation – slide 12
    Antelope Platform / Reef Complex Elk-1 Elk-4 Antelope-1 ELK OVERTHRUST REEF PLATFORM E AN STON TE NDI LIME LO ME PURI/ PE FA UL T E04IOL05 Antelope-1 (tests attic and Elk-1 Elk-4 ELK OVERTHRUST reef potential)…
  13. May 2008 Corporate Presentation – Interoil Corporation – slide 13
    Elk-4 Lithology Chalky wackestone with matrix porosity Chalky wackestone with matrix porosity and vug porosity Mud loggers description: LIMESTONE: predominantly white to off white, cream to buff in part, pale cream, chalky…
  14. May 2008 Corporate Presentation – Interoil Corporation – slide 14
    Reef Analogue A strong seismic analogy between Antelope Elk-2 Elk-4 Elk-4 Elk-2 and the Uramu-Iviri Platform and reef complex. Depth 1m:10000m Lithology 1 0 Calcimetry % ROP_AVG ( m/hr ) 100 1 60 TOTAL GAS 0 100…

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