InterOil Corporation The Oil And Gas Conference - August 2011 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 Initial…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of 0.50 per mcf IOC enterprise value 3.0 B (Equity 2.9 B + Debt-Ex WC 0.1 B as of June 30, 2011) Cash equivalents and…
InterOils 1 Priority is Achieving CSP and LNG Project FIDs InterOil is moving ahead towards PNG Government approval of the fully integrated LNG project Development plan and integrated timetable presented to the PNG government…
InterOils 1 Priority is Achieving CSP and LNG Project FIDs Laydown area at Napa Napa is prepared to receive LNG project equipment Benefits to the state and all stakeholders in the LNG project development include: Land improvement…
Project Update and Future Milestones InterOil is moving ahead to reach FID LNG facilities increased from 2mtpa to 5mtpa with Samsung & Flex LNG fixed floating proposal, targeting 8mtpa CSP facilities re-engineered for increased…
Significant Investment in Critical Infrastructure Ordering up to 100 million of: Condensate Line Pipe Processed gas Line Pipe Critical long lead infrastructure Purchased 11.3 million in Construction Equipment: Dump…
InterOil Gulf LNG Development Map 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…
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…
Project Benefits of Modular LNG No reinjection of gas required Accelerated liquid recovery Reinjection compressors eliminated Upstream No reinjection wells No reinjection pipelines Stepwise plant expansion of 0.5 mtpa Increments…
InterOil Gulf LNG 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 by…
Projected Start Up Case Cash Flow to 2020 Equity Cashflow - Start-Up Case 3,500 17,500 3,000 1.2 to 1.3 15,000 USD (m) Cumulative billion a 2,500 year 12,500 2,000 Sunk Costs 10,000 USD (m) Repaid 1,500 7,500…
Projected Expansion Case Cash Flow to 2020 Equity Cashflow - Expansion Case 3,500 17,500 3,000 2.5 to 2.9 15,000 USD (m) Cumulative billion a 2,500 year 12,500 2,000 10,000 USD (m) 1,500 7,500 1,000 5,000 500…
InterOils Proposed Gulf LNG Project Timeline Compares Favourably 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 PA FID FG EG LNG Total project span 42 months - Cost 1.2b (3.7mt) or 324 per mt PA OT FID FG…
Noble Group Is An Excellent Fit for LNGLs Plans To Expand LNG Markets Noble is a market leader in managing the global supply chain of agricultural, industrial and energy products World leader in supply chain management in just 20…
Liquid Niugini Gas Limiteds LNG Marketing Plans LNGL plans to market 75% of the first year start-up capacity under long-term offtake agreements and the balance on the spot market Start up capacity estimated at 75% ramping up to 95%…
Observations Of Current Australasian LNG Market World LNG Market Outlook* The LNG market is growing rapidly to support increasing global demand for natural gas as a cleaner source of energy. By 2015, it is projected that LNG will…
World Class Hydrocarbon Province InterOils 3.9 Million Acres Page 21
Triceratops Phase 3 Seismic Program Completed Recording Crew Connecting the shot External Long Lining of equipment Seismic Shooter moving between shot points Transport of Recording Equipment geophones, recorder boxes and…
Triceratops-2 Update Phase 3 seismic program improved definition of the Triceratops structure Based on remapping of the Phase 2 seismic and the early results of the Phase 3 acquisition it has been concluded that the prospect is…
Triceratops Gas Field Porosity Model and Preliminary Volumetrics InterOil has completed acquisition of the 50 km (31 mile) Triceratops Phase 3 seismic program Processing and interpretation of the new seismic data is underway. The…
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…
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: Complete…
Near Term Corporate Operating Goals Completion of FEED work to accommodate the proposed larger 5 mtpa LNG project while planning for additional cost-effective phased expansion Reach CSP and LNG FIDs and advance the development of…
Cash Flow From Operations Funded Investment Activities in the First Half 2011 Change in Current Assets less Current Liabilities Six Months Ended June 30, 2011 500.0 450.0 400.0 350.0 311m 12m 304m 70m 5m 300.0 US Dollars…
Strong Balance Sheet June 30, 2011 December 31, 2010 Cash, Cash Equivalents, Restricted Cash 205.0 280.9 Total Current Assets 502.1 453.5 Plant & Equipment, Oil & Gas Properties 536.1 484.6 Total Assets 1,062.8 965.5 Current…
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