Strictly Private & Confidential Value Proposition of Liquid Niugini Gas in the Market Value proposition of Liquid Niugini Gas in the market measured on LNG Price necessary to yield 12% return (NPV12=0) 14.0 US13.6 /mmbtu - Term LNG…
Strictly Private & Confidential Unique and Attractive LNG Acceleration Opportunity InterOils Liquid Niugini Gas Ltd. (LNGL) and Energy World Corp. (EWC) signed a binding Heads Of Agreement (HOA) to build, a modular LNG plant designed…
Strictly Private & Confidential 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…
Strictly Private & Confidential LNG Off-take Principle The Upstream Partners collectively sell the LNG produced from the Elk/Antelope gas resource Risks Modular LNG produces stepped LNG to be placed in the market at a lower…
Strictly Private & Confidential The Economics Demonstrate Earlier cash-flow Lower, manageable capital expenditure No debt financing required by InterOil Significant cash generation 10
Strictly Private & Confidential Key Assumptions Used in Projected Project Economic Slides that Follow Assumptions Modular LNG (Startup Case) Modular LNG (Expansion Case) Upstream Resource 8.18 tcf (2C) Sales Gas / 156.5 mmbbls…
Strictly Private & Confidential Projected Project Cash Flow 3mtpa Startup Case to 2020 Anticipated Anticipated cash cash flow flow positive in 2014, positive in 2014, 3mtpa LNG plant and generating generating 1.4 1.5 billion…
Strictly Private & Confidential Projected Project Cash Flow Expansion Case to 2020 Over 24 billion in project cashflow in 10 years. InterOil expected Potential expansion to 8mtpa by share approximately 13 billion 2016 would…
Strictly Private & Confidential Projected Value to InterOil Average Annual Cash Total Value Total Value to IOC Value Per Share* Flow (2013-2023) Startup Case NPV (8) 15 to 19 bn NPV (8) 8 to 12 bn NPV (8) 190 to 200 1,400m…
Strictly Private & Confidential Proposed Financing Structure Pipeline to Field CSP LNG Jetty Finance by InterOil Finance by Mitsui Coast Finance by EWC Finance by InterOil Financing TBD Wells Condensate pipeline Pipeline…
Strictly Private & Confidential Key Milestones Declare FID on CSP with Mitsui Finalize definitive agreements with EWC Declare FID on Modular LNG with EWC Acquire the land in the Gulf province for LNG and Jetty system PNG…