Skip to main content 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation Investor Presentation | Shale Experts
Loading...
Pm

2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation

Interoil Corporation · Oct 19, 2009 · 36 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. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 1
    InterOil Corporation Morgan Stanley Marketing Trip Phil Mulacek Chief Executive Officer Wayne Andrews - V. P. Capital Markets October 2009
  2. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 2
    Investment Highlights Large acreage in world class hydrocarbon province 40 identified exploration prospects 80% of basin Certified resource estimate on Elk/Antelope field 2008 YE Best Case estimate of 3.8 Tcfe gross Additional…
  3. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 3
    InterOil 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 block 2006…
  4. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 4
    Partnership With a Stable Government Former Australian Territory Gained Independence in 1975 Strong relations with Australia - A350 million annual aid Constitutional Monarchy Parliamentary Democracy, Member of Commonwealth Positive…
  5. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 5
    Establishing Business Segments Across The Value Chain Exploration Portfolio Midstream Portfolio - Refinery Downstream Majority of 4.6 million acres K36bpd capacity Domestic Distribution Proposed Midstream LNG Project 25% Net…
  6. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 6
    Upstream - Exploration Operate 4.0 million acre onshore exploration license Assets secured at a time when Papua New Guinea was overlooked and under-explored Significant new discovery in frontier basin Elk/Antelope gas field…
  7. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 7
    World Class Hydrocarbon Province - Dominant Acreage Position Potential Recoverable 11 Tcf Potential Recoverable 25 Tcf Source: Papua New Guinea Department of Petroleum & Energy 9
  8. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 8
    Elk/Antelope Field - View to West 0.9 2.23 miles 1.75 miles miles 2.9 miles Elk Block Antelope Block 10
  9. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 9
    Antelope-1 Confirmed Reef Development Composite Line E4IOL05 and E12IOL07 11200 12000 12800 13600 14400 15200 16000 16800 17600 18400 19200 20000 E4IOL05 E12IOL07 Elk-4 Ant-1 Ant-3 Ant-4 Ant-2 0 0 -400 -400 -800…
  10. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 10
    Antelope-1 World Class Discovery Antelope DST1 and the well log confirm one of the largest hydrocarbon column heights encountered in a single vertical onshore wellbore in all of Asia at over 2,300 feet Condensate rich natural…
  11. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 11
    Antelope-1 Flow Rate Comparison Well Gross Net Percent Production Flow Test Natural Reservoir Reservoir Pay Tubing OD Gas Condensate Elk-1 620 Ft. 88 Ft. 14% 5.5 inch 102 MMcfd 510 BCPD Elk-4 600 Ft. 166 Ft. 28% 4.5 inch 105 MMcfd…
  12. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 12
    Third Party Resource Estimate of Elk/Antelope as of Dec. 31, 2008 Gross Resource Estimate for Gas and Condensate As of December, 31, 2008 Case An evaluation of the potential Low Best High resources of gas and condensate for…
  13. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 13
    Antelope-1 Sidetrack DSTs Multiple DSTs completed on identified zones of interest DST 12 2,347 to 2,402 meters. Recovered gas, condensate and 12 oil DST13 ST2 2,375 to 2,402 13 meters. Recovered oil and very Long-Term little…
  14. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 14
    Antelope-2 Well Drilling Antelope-2 is located 2.3 miles south of Antelope-1 Currently drilling main reservoir section Primary objectives: 1) Penetrate southern margin of the Antelope Reef 2) Determine the extent of the…
  15. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 15
    Antelope-2 - Reef Core and Cuttings Antelope-2 Intersected the top of the reservoir at 6,007 feet (1,831 meters measured depth) which was 345 feet (105 meters) higher than the pre-drill estimates Encountered dolomite facies at…
  16. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 16
    Antelope-2 DST1 Confirms Extent of Reef Reservoir Antelope-2 DST1 tested natural gas and condensate at a rate of 14.1 million cubic feet of gas per day with 16.5 barrels of condensate per million cubic feet The test was conducted…
  17. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 17
    Comparison of Antelope-1 & 2 DSTs From The Top of The Reservoir Antelope-1 DST tested 2,300 feet of reservoir Flowing Tubing Choke Size Gas Rate Condensate Rate Condensate Ratio Pressure (64ths) (psi) (MMcfd) (Bpd) (Bbl/MMcfd) 20…
  18. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 18
    Favorable Structural Position to Test Potential Oil Leg Elk-1 Elk-4 Antelope-1 Antelope-2 Elk-2 Reef Potential Oil Leg Antelope Fault Antelope Platform Note: Pictorial Only, Graphic Not to Scale 20
  19. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 19
    Increasing Spending To Capitalize On Exploration Opportunity Confluence of Factors Generates Favorable Timing Lull in industry activity - rig availability High quality equipment at distressed prices Best Balance Sheet in Companys…
  20. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 20
    Phase 1 & 2 of New Seismic Program 22
  21. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 21
    Condensate Recovery Feasibility Study EDG Consulting Engineers were commissioned to evaluate early monetization of condensate from the Elk/Antelope field Completed feasibility study with defined product slate, a cost estimate and…
  22. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 22
    LNG Project Strategy Current activities and objectives: Deliver a fast track LNG project in PNG Project Agreement under consideration by PNG Government Competitive economics compared with other Pacific Rim LNG projects Supported by…
  23. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 23
    PNG at Heart of Largest LNG Market Source: BP Statistical Review 2009 25
  24. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 24
    Proposed LNG Project Location/Scope Compressor Station 6 - 9 Mmtpa LNG plant LPG export Elk Kopi Napa Napa Pipeline - Refinery Napa Napa 220 miles Jetty Upgrade Contractor Estimate of Project Investment US5 - 7…
  25. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 25
    Attractive LNG Economics Superior Quality Supply High deliverability, low cost supply Rich in condensate and LPG Low in contaminates (CO2, H2S) Protected geographic region Onshore, near coast InterOil exploration wells are…
  26. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 26
    The Whole Value Chain Refinery LNG Plant Power Plant Exploration & Development Hydrocarbon Sales LPG Export Oil, Natural Gas and Condensate Production Separation and Transportation Commercial Consumption…
  27. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 27
    Proposed1 Upstream and Midstream Participating Interests Upstream Midstream Participating Interests Pre-Transaction* Participating Interests Pre-Transaction* 22.50% 47.50% 57.51% 19.99% 52.50% Petromin Investor Group…
  28. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 28
    Proposed Condensate and Natural Gas Production Profile1 MMBOE Forecast Elk / Antelope Production Profile 90 75 60 45 30 15 0 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 Gas Oil / Liquids Natural gas…
  29. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 29
    Developing World Scale LNG Project InterOil refinery Located on InterOil leasehold land adjoining Port Moresby harbor 31
  30. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 30
    Profitable Refining Segment with Existing Spare Capacity 36,500 bpd capacity oil refinery Excess capacity for in-country growth Supplies domestic market with balance available for export Refinery strategically located government…
  31. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 31
    Profitable Distribution with Domestic and Export Growth Potential Largest distributor of fuel products in PNG Strategic acquisitions to leverage InterOils niche refinery Owned and operated by InterOil: Distribution depots Seaboard…
  32. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 32
    June 30, 2009 Financial Highlights For the June 30, 2009 quarter, InterOil reported net income of 9.4 million (diluted 0.24 per share), down 6.2 million over the equivalent quarter in the prior year EBITDA* for the quarter ended…
  33. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 33
    Financial Summary - Quarterly Results for Past Eight Quarters* Quarters ended 2009 2008 2007 ( thousands except per share data) Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Ups tream 660 611 487 698 895 618 579 1,176…
  34. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 34
    Best Balance Sheet* in Companys History June 30, 2009 June 30, 2008 Cash, Cash Equivalents, Restricted Cash 117.7 55.2 Total Current Assets 268.6 263.0 Plant & Equipment, Oil & Gas Properties 379.2 330.3 Total Assets 662.4 596.4 Current…
  35. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 35
    In Summary Papua New Guinea is a world class under-discovered frontier where InterOil has targeted over 1 Billion BOE. Proving significant hydrocarbon resource GLJ Petroleum Consultants Ltd. certified resources of 3.8 Tcfe gross (2.1…
  36. 2009 MORGAN STANLEY MARKETING TRIP – Interoil Corporation – slide 36
    InterOil: Committed to all stakeholders and the future of Papua New Guinea

From the store

Browse maps, data & reports in the Shale Experts store