WWW.INTEROIL.COM Raymond James Institutional Investors Conference - March 6, 2013 Collin Visaggio - Chief Financial Officer Wayne Andrews - Vice President Capital Markets
InterOil Investment Highlights Resource estimate on Elk, Antelope and Triceratops fields 2012 YE best case estimate of 9.5 Tcf of gas and 144 MMbbls of condensate total contingent resources 2012 YE best case estimate crossed 1…
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…
Renewed Focus On Resource Development In Papua New Guinea National Elections Deliver Strong Government National elections solved the supreme court confusion regarding the Prime Minister New government should break the log jam in…
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 20 Bbls/MMcf of condensate Minimal pre-LNG processing…
Third Party Resource Estimate for Elk, Antelope and Triceratops Fields Total Contingent Resource Estimate for Gas and Condensate Elk, Antelope and Triceratops Fields As at December 31, 2012 Case An evaluation of the potential Low…
Cabinet Conditionally Approved Gulf LNG Project Prime Minister, Hon. Peter ONeill announced conditional NEC approval on Nov 15, 2012 Clears the way to proceed with our plans for an LNG plant in the Gulf Province with initial output…
World Class Hydrocarbon Province InterOils 3.9 Million Acres Page 11
Comparatively Simple, Low-Cost Integrated Gulf LNG Development Map Development*Map Upstream Gas Project Petroleum Development Licence Elk and Antelope Fields PDL Elk Antelope Elk Antelope fields, - 8.59 tcf Recoverable Sales Gas,…
PRL 15 Delineation Continues With Planned Elk-3 and Antelope-3 Wells Page 13 Upstream Camp Site
Antelope-3 Well Penetrated The Top Of The Reservoir High To Prognosis Antelope-3 well penetrated the top of the reservoir 217 feet above the predrill estimate The Antelope-3 well was spud on September 30, 2012. The well penetrated…
Antelope-3 Log Results Fully Support Our Reservoir Model N S 2.8 km 0.94 km 2.6 km Elk-4 1.73 miles Antelope-1 0.6 miles Antelope-3 1.62 miles Antelope-2 Hydrocarbon Feet Net Well Name Column Of To Average Height Net Pay…
Third Party Resource Estimate Elk and Antelope Structure Total Contingent Resource Estimate for Gas and Condensate for the Elk and Antelope Fields As at December 31, 2012 Case An evaluation of the potential Low Best High resources…
Preparations Underway For the Spudding Of The Elk-3 Delineation Well Elk-3 well spud preparations On November 27th, 2012, InterOil was notified by the Papua New Guinea Department of Petroleum and Energy (DPE) that it had been…
Upstream Development And Logistics Operations Above: Upstream Development Camp and Field Above: Hou Creek Provides Northern Logistic Hub For Roadways to aid logistics The Elk, Antelope and Triceratops Fields Below Left: Herd Base…
Extent of Exxons PNG LNG and InterOils Gulf LNG Projects PNG LNG Upstream US 10 Billon US 14 Billion Gulf LNG Project Upstream US 1.5 Billion US 2 Billion IOC LNG Plant Cost: US 3.5 Billion US 4.0 PNG LNG Pipeline &…
Triceratops-2 Contingent Resource Area North The PPL237 Joint Venture will Triceratops commence additional seismic acquisition and drilling in 2013 to further explore and delineate the prospective areas Prospective…
Potential Scale of the Triceratops Field Strike line BW05IOL10 The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the…
Third Party Resource Estimate Triceratops Structure Total Contingent Resource Estimate for Gas and Condensate for the Triceratops Field As at December 31, 2012 Case An evaluation of the potential resources of gas and condensate for…
Triceratops Analysis and Discussions With PRE are Being Finalized Pacific Rubiales Energy (PRE) executed JVOA for Triceratops and PPL 237. On November 29, 2012, the Joint Venture Operating Agreement (JVOA) and related documents…
Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth Page 25
Antelope and Triceratops invalidate old palaeogeographic models The discovery of the Antelope shallow marine carbonate platform and reef complex onshore in the Eastern Papuan Basin did not fit existing basin models that were developed…
Composite Bathymetry and Topography Modern Day Gulf of Papua The Gulf of Papua has modern day reefs that have survived sea level rise, drowned reef that did not and to the north buried reefs that are of obvious interest for…
Well Locations Have Been Selected for Tuna and Wahoo/Mako Prospects Potential exploration well locations for future lease obligation wells were selected folowing completion of seismic acquisition, processing and mapping. However, with…
Operating Businesses Refining, Distribution and Community Affairs Page 29
InterOil is a Proven PNG Operator InterOils refinery has operated for over 10 years without a Lost Time Injury Over 100 Crude Cargos Processed Internationally Sourced: West Africa, Asia, Australia and PNG. 11.5 billion litres of…
InterOil Operates the Largest Refined Product Distribution Network in PNG Downstream (Retail & Distribution) - InterOil Products Limited 56 Retail Stations placed across all of Papua New Guinea 12 Aviation Facilities 6 Large…
InterOil Provides Aid and Development in Operating Areas Transport Medical Supplies from Kerema to Clean Water Supply Provided to Provincial Areas Kanabea Airstrip by Helicopter Transport Medical Supplies from Kerema to…
InterOil Provides Aid and Training to Under-Staffed Provincial Areas Improving community health InterOil helps daily Medical supplies and free through VHV health checks A patient being airlifted from Kapuna rural hospital to Kerema…
Financial Position December 31, 2012 Page 34
Summary of Consolidated Quarterly Financial Results Includes 28.3 MM non-cash inventory writedown (1) Earnings before interest, taxes, depreciation and amortization is a non-GAAP measure and is reconciled to GAAP in the…
Change in Current Assets less Current Liabilities Year Ended December 31, 2012 300.0 250.0 227m 221m 200.0 US*Dollars*(Millions)* 150.0 40m 106m 100.0 59m 50.0 1m , OpeningCA,CL InvestGulfProjectand…
Strong Balance Sheet December 31, 2012 December 31, 2011 Cash, Cash Equivalents, Restricted Cash 98.9 108.1 Total Current Assets 438.6 426.9 Plant & Equipment, Oil & Gas Properties 770.1 608.9 Total Assets 1,299.8 1,088.4 Current…
Group Debt Optimization Capacity Current 19% Geared 50% Geared Open Debt Borrowing Level Borrowing Level Capacity=31% Debt Quantum (m) 179 778 599 Our previous shelf expired in September 2012 and like all prudent companies, we…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of approximately 0.57 per mcf IOC enterprise value 3.4 Billion, as of March 1, 2013 (66 per share) IOC ownership of Elk and…
An Energy Development Company With Significant Exploration Potential Thank You
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