WWW.INTEROIL.COM IPAA Oil & Gas Investment Symposia - February 2, 2012 Wayne Andrews Vice President Capital Markets
InterOil Investment Highlights Resource estimate on Elk and Antelope fields 2010 YE Best Case estimate of 8.6 Tcf of gas and 128.9 MMbbls of condensate gross contingent resources Proposed Condensate stripping project JV with Mitsui…
InterOil Has a Track Record of Achievement with Investment Upside InterOil was formed in 1997 - Vision to create an integrated energy company Exploration licenses signed under incentive program - 2003 Elk-1 discovery of Elk fault…
Third Party Resource Estimate Elk and Antelope Structure Gross Contingent Resource Estimate for Gas and Condensate As at December 31, 2010 Case An evaluation of the potential Low Best High resources of gas and condensate for…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of less than 0.60 per mcf IOC enterprise value 3.2 Billion, as of January 31, 2011 (67 per share) IOC ownership of Elk and…
InterOil Engaged Advisors on Sale of Interest in Resource and Exploration InterOil has retained Morgan Stanley, Macquarie and UBS as joint financial advisors to assist InterOil with its evaluation of proposals from potential…
InterOil Gulf LNG Development Map Upstream Gas Project Petroleum Development Licence PDL Elk Antelope Elk and Antelope Fields Elk Antelope fields, - 8.59 tcf Recoverable Sales Gas, and 129 MMbbls Condensate (2C resource GLJ…
Attractive Economics Relative to Asia-Pacific LNG Projects Natural Gas Supply High productivity 300 Mmcf/d Antelope flow tests Tests indicate 5-6% CO2 InterOil tested a maximum rate of 24-27 Bbls/MMcf of condensate Minimal pre-LNG…
InterOil LNG Proposed Project Financing Upstream Gas Project Mid-Stream LNG Project Land Floating Pipeline Export Field CSP Based LNG Finance by Finance by to Coast Terminal InterOil Mitsui Financing Finance by LNG Finance…
Exploration Update InterOils Exploration team continue to conduct exploration operations in our licenses PPL236, PPL237, PPL238 and PRL15. Airborne potential field and seismic data acquisition are the primary tools utilized to expand…
Triceratops Gas Field Porosity Model and Preliminary Volumetrics Post - Phase 2 Top Reservoir Post - Phase 3 Top Reservoir Triceratops Phase 3 Seismic acquisition and processing complete Interpretation is well advanced…
Triceratops-2 Location Estimated 1500 Feet Higher than Previous Gas Test Triceratops-2 (Proposed) Bwata-1 Triceratops-2 top of limestone estimated 1500 ft. higher 512 ft Gas column Penetrated in Bwata-1 well Elk-4…
Commenced Drilling Triceratops-2 Delineation Well T-2 will test a previously identified gas field which was logged and tested during drilling of the Bwata-1 well in 1959, and the Triceratops-1 well in 2005 Objectives Confirm the…
2010/2011 Seismic Program Highlights After our success at Antelope a primary focus for the 2010-11 seismic campaign has been exploration for analogous reefal build ups The program has been successful with identification of four…
Near Term Upstream Goals The primary near term directive of the exploration group is to mature a prospect inventory for a continuous multi-well exploration program. This will be achieved by meeting the following goals: Drill…
Strong Balance Sheet September 30, 2011 December 31, 2010 Cash, Cash Equivalents, Restricted Cash 144.4 280.9 Total Current Assets 429.1 453.5 Plant & Equipment, Oil & Gas Properties 567.7 484.6 Total Assets 1,016.3 965.5 Current…
Cash Flow From Operations Funded Half of the Investment Activities in the Nine Months ended September 30, 2011 Change in Current Assets less Current Liabilities Nine Months Ended September 30, 2011 500.0 450.0 400.0 350.0…
Closing remarks and Corporate Operating Goals Near term corporate goals: Maintain positive EBITDA from our operating businesses and have a positive year end financial outcome Maintain the LNG pre-investment to drive the timeline and…
An Energy Development Company With Significant Exploration Potential Thank You
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