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Q1 2014 EARNINGS CALL – Interoil Corporation

Interoil Corporation · May 14, 2014 · 20 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. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 1
    Q1 2014 RESULTS MAY 14, 2014 INTEROILS EXPLORATION WELL RAPTOR-1, April 2014 PAPUA NEW GUINEA
  2. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 2
    TODAYS PRESENTATION Overview of Q1 2014 OPERATIONS DEVELOPMENT GROWTH Dr. Michael Hession Chief Executive Officer 1. STABILIZE 2. MONETIZE 3. SECURE Our operations Our resources Our future Key personnel in place Sales & Purchase…
  3. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 3
    FINANCIAL HIGHLIGHTS IN Q1 2014 Completion of Total SPA and start of new exploration program TOTAL VOLUME SOLD REFINERY THROUGHPUT DOWNSTREAM SALES Mr. Donald Spector Chief Financial Officer 1.9m barrels 26,717bpd 177m liters Q1…
  4. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 4
    UPSTREAM Three exploration wells spudded in Q1 2014 EXPLORATION/APPRAISAL Quarter ended Upstream Operating results March 31, Mr. Donald Spector Chief Financial Officer UP TO 8 ( thousands) 2014 2013 New wells in 2014-15 Other…
  5. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 5
    REFINERY Lower revenues offset by low cost of sales PRODUCTION Quarter ended Midstream Refining Operating results March 31, Mr. Donald Spector ( thousands) Chief Financial Officer 26,717bpd External sales 2014 97,158 2013…
  6. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 6
    DOWNSTREAM Stable business generating 6m in quarterly profits TOTAL SALES VOLUME Quarter ended Mr. Donald Spector Downstream Operating results March 31, ( thousands) Chief Financial Officer 177m liters External sales 2014 211,018…
  7. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 7
    BALANCE SHEET AND LIQUIDITY As at March 31, 2014 TOTAL ASSETS Funds Available and Drawn as at March 31, 2014 (m) Mr. Donald Spector 500 Chief Financial Officer 1,737m 450 400 350 161 Q1 2013: 1,369m 300 250 375m increase in cash…
  8. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 8
    EXPLORATION & APPRAISAL PROGRAM 2014 - 2015 Active exploration & appraisal drilling campaign underway 3 rigs concurrently drilling Up to 8 wells in next 15 months Aggressive pursuit for high value tieback potential Active seismic…
  9. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 9
    TRENDS AND EXPLORATION THREE MAJOR STRUCTURAL TRENDS IN NEAR-FIELD AREA ONLY ONE EXPLORED TO DATE EXPLORATION MAP SHOWING STRUCTURAL TRENDS WITH POTENTIAL LEADS & TARGETS Triceratops PPL476 Bob Cat Jaguar Mule Elk Deer PPL475…
  10. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 10
    ACTIVE EXPLORATION AND APPRASIAL PROGRAM INDICATIVE DRILLING TIMETABLE 2014 2015 Bobcat-1 Antelope-4 Antelope-6 TOT providing a (Contingent ) 75% carry of IOCs PPL 476 PRL15 PRL15 costs in the first Possible spud 50M (gross) per…
  11. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 11
    GROWTH - EXPLORATION PROGRAM NEW EXPLORATION PROGRAM 3 EXPLORATION WELLS CURRENTLY DRILLING MORE TO COME EXPLORATION PROGRAM BOBCAT-1 4 new wells 3 currently drilling Bobcat-1, Wahoo-1 & Raptor-1 all spudded in March 2014…
  12. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 12
    EXPLORATION PROGRAM - WAHOO-1 PPL474 WAHOO-1 SPUDDED March 8, 2014 Prospective carbonate build-up, defined by seismic and gravity Seismic indicates several characteristics similar to Antelope Gas seep at surface recorded at…
  13. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 13
    EXPLORATION PROGRAM - RAPTOR-1 PPL475 RAPTOR-1 SPUDDED March 28, 2014 Seismically defined, thrust- controlled prospect Within tieback distance at 10km west of Antelope Possible follow-up targets at Duck Bill and Puri/Kereru Deep…
  14. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 14
    EXPLORATION PROGRAM - BOBCAT-1 PPL476 BOBCAT-1 SPUDDED March 5, 2014 Seismic and gravity defined structure, similar to but smaller than Antelope Same proven trend as Antelope & Triceratops Gas seep at surface identified during…
  15. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 15
    APPRAISAL UPDATE SITE PREPARATON FOR ANTELOPE-4 WELL UNDERWAY PRL15 ANTELOPE 4 & 5 2H 2014 Drilling planned 2H 2014 Antelope 6 contingent on results from 4 & 5 Antelope-5 Antelope-4 Appraisal well locations…
  16. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 16
    APPRAISAL PROGRAM TRICERATOPS-3 PRL39 Triceratops APPRAISAL Elk-Antelope TRICERATOPS-3 SPUD Q4 2014 Targeting volume definition PRL39 Third discovery by InterOil First tested by Bwata-1 in 1959, Triceratops-1 in 2005 and…
  17. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 17
    SEISMIC SURVEYS ARE PROGRESSING EXPLORATION Exploration survey locations are not to scale and are for illustrative purposes only Building prospect inventory Seismic survey over Antelope Deep now complete Acquiring seismic over…
  18. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 18
    THANK YOU For more information, please contact: Don.spectorinteroil.com Chief Financial Officer Page 19
  19. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 19
    APPENDIX: NEW EXECUTIVE TEAM Dr Michael Hession Dr. Michael Hession Chief Executive Officer and Board Member 25 years of international experience, primarily with BP, in exploration and Chief Executive Officer development in North…
  20. Q1 2014 EARNINGS CALL – Interoil Corporation – slide 20
    APPENDIX: KEY FINANCIAL STATEMENTS Summary of key financial statements for last eight quarters Quarters ended 2014 2013 2012 ( thousands except per share data) Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Upstream 2,823…

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