Q2 UPDATE For the three months to June 30, 2014 August 13, 2014 NEW TEAM NEW BOARD FOCUS ON UPSTREAM FINANCIAL STABILITY Antelope-4 Landing Preparation Antelope HERD 4, RAPTOR-1 July 2014 2014 BASE CAMP
Q2 UPDATE: Focused and funded The new InterOil is ready for the next chapter of growth 1. STABILIZE 2. MONETIZE 3. SECURE Now Optimize Our resources Our future Streamline cost structure 40.1% of PRL15 sold to Total 36.5%…
Q2 UPDATE: Appointment of Chairman-designate Chris Finlayson, ex-CEO of FTSE100 company BG Group joins InterOil CHAIRMAN DESIGNATE CHAIRMAN DEPUTY-CHAIRMAN CEO, DIRECTOR CHRIS FINLAYSON GAYLEN BYKER FORD NICHOLSON MICHAEL HESSION…
Q2 UPDATE: Key Events Significant developments in past two months New Chairman-designate Downstream sold for 525.6m 300m credit facility 50m buyback Wahoo temporarily suspended Ex-CEO of BG Group Refinery and New 300m credit Board…
Q2 UPDATE: PRL15 Development Antelope-4 June 2014 Antelope-4 July 2014 Appraisal well locations illustrative Page 7
Q2 UPDATE: PRL15 Development Antelope-5 June 2014 July 2014 Antelope-5 Appraisal well locations illustrative Page 8
EXPLORATION Cracking the code in the Eastern Papuan Basin Laurie Brown David Holland 32 years as exploration 29 years as exploration geoscientist geoscientist mainly in PNG 17 years with BP 11 years with InterOil Former Shell…
EXPLORATION: Overview Cracking the code to the Eastern Papuan Basin EXPLORATION GEOLOGY STRATEGY The Eastern Papuan Basin HISTORY Proving up the acreage What we know about our acreage Two major petroleum basins in InterOil has…
GEOLOGY: Eastern Papuan Basin Eastern and Western Papuan basins on trend but with different geology and petroleum systems The WPB has been Fields relatively heavily explored (280 wells) with discoveries including Hides, Juha,…
GEOLOGY: EPB evolution and key components Three key geological components critical for success 3 KEY COMPONENTS SCHEMATIC CROSS-SECTION OF EASTERN PAPUAN BASIN What gravity sees What gravity sees S ORUBADI SEAL R KAPAU…
HISTORY: InterOils acreage InterOil exploring PNG since 2003 acreage position dominates onshore EPB 2003: IOC CONTROLLED ENTIRE ONSHORE EPB. 2014: HIGH-GRADED 50% SECURED FOR UP TO 11 YEARS Acreage IOC Stake EXPLORATION ACREAGE…
HISTORY: 153m invested in seismic The key pre-drill risk reduction tool in EPB firms up targets to drill-ready SEISMIC CONFIRMS GRAVITY ANOMALIES, IDENTIFIES DRILLING LOCATIONS, AND MAPS POTENTIAL VOLUME EXPLORATION ACREAGE 4m acres…
HISTORY: Seismic reduces pre-drill risk Defines scale of prospects, can allow wells to be optimally located on reservoir sweet spots NEW SEISMIC DATA HAS IDENTIFIED THREE MAJOR TRENDS A02IOL09 EXPLORATION ACREAGE Choice 2013 2013…
HISTORY: 3 discoveries Track record of success cracking the code in the carbonate fairway AFTER INITIAL CHASE FOR SANDSTONES, 3 DISCOVERIES IN KAPAU LIMESTONE EXPLORATION ACREAGE Triceratops Gas Field Elk-Antelope 4m acres 2005 Gas…
HISTORY: Potential around Elk-Antelope Significant tie-back potential to Elk-Antelope AT LEAST 11 STRUCTURES, ONLY 3 DRILLED TO DATE, 10% OF OUR TOTAL ACREAGE EXPLORATION ACREAGE ANTELOPE TREND 4m acres Triceratops Bob Cat…
STRATEGY: Current work program 3 exploration wells spudded March 2014 one temporarily suspended, other two ongoing SIGNIFICANT STEP-UP IN DRILLING ACTIVITY PNGS MOST ACTIVE DRILLING CAMPAIGN BOBCAT-1 EXPLORATION ACREAGE 4m acres…
CURRENT EXPLORATION PROGRAM: Wells update Bobcat and Raptor drilling ahead in the Orubadi BOBCAT-1, PPL 476 RAPTOR-1, PPL475 Test of Antelope trend between Elk and Triceratops First test of new trend Raptor Trend Managed pressure…
CURRENT EXPLORATION PROGRAM: Wahoo-1 The impact of Orubadi absence: Kapuri-1 reef vs Wahoo-1 exploration wells KAPURI-1 Phillips Australia, 1968, Offshore WAHOO-1 InterOil, 2014, Onshore Possible gas chimney Well suspended in Orubadi…
REVIEW SUMMARY Cracking the code of the Eastern Papuan Basin to find the next Antelope Elk-Antelope, PNGs largest discovery, has put the Eastern Papuan 12 WELLS BASIN NEW EMERGING Basin on the map as an exciting emerging province…
Q2 2014 - FINANCIAL UPDATE Don Spector Chief Financial Officer Antelope-4 well pad preparation HERD Bobcat-1 BASE CAMP
Q2 UPDATE: Gain of 49.5 million on sale Gross proceeds of 525.6 million on sale of refinery and downstream distribution operations Quarter ended Six m onths ended June 30, June 30, June 30, June 30, 52.3m profit 2014 (revised)*…
Q2 UPDATE: Strongest ever balance sheet Fully funded for 2014-15 Funding Available Funding and forecasted commitments as at June 30, 2014 to end of 2015 FUNDING AS OF JUNE 30, 2014 COMMITMENTS (NEXT 18 MONTHS) REMAINING FUNDS 885m…
QUESTIONS For more information, please contact: David.Wuinteroil.com Vice President, Investor Relations
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