InterOil Corporation Second Quarter 2011 Results Conference Call Presentation
InterOil Second Quarter 2011 Highlights On April 11, 2011- InterOil entered into framework agreements with Samsung Heavy Industries and FlexLNG, conditional upon final FID, relating to the construction and operation of a 1.8 mtpa…
First Quarter Financial Results Collin Visaggio - CFO Page 4
Group Consolidated Results Net Profit - Trend 3 years Key items for 2Q:11 30 Highest quarterly NPAT Highest quarterly net profit 20 Gross margins of 28 million from operations on increasing 10 volumes, better yielding cargoes,…
Group Consolidated Results EBITDA - Trend 3 years 50 40 Improving EBITDA 30 20 Millions 10 0 2Q:11 1Q:11 3Q:10 2Q:10 1Q:10 4Q:09 3Q:09 2Q:09 1Q:09 Q4:08 3Q:08 4Q: 10…
Financial Position Summary Financial Position - Trend 3 years 1,200,000,000 Strengthening Balance 1,000,000,000 Sheet 800,000,000 600,000,000 400,000,000 200,000,000 0 -200,000,000 -400,000,000 June 30, 2011…
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…
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…
InterOil Gulf LNG Project Modelling Cases Case Timing Plant capacity Gulf Project Timeline - Condensate Startup Case: Mid 2014 First two 450 MMcfd 4.5 900 MMcfd condensate stripping plants 4 condensate and associated…
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…
Exploration Update InterOils Geoscience Team continue to conduct exploration operations in our Licenses PPL236, PPL237, PPL238 and PRL15. The work is expanding basic data coverage to add leads to our portfolio and to mature drillable…
Bwata Seismic Program Highlights Recording Crew Connecting the shot External Long Lining of equipment geo- Seismic Shooter moving between shot points Internal Transport of Recording Equipment phones, boxes and cables CGGV…
Triceratops/Bwata Seismic Program Status as of August 10 Line Status Description BW07IOL11 Complete Tangential line between build ups BW08IOL11 Recording Complete - Strike tie line through Triceratops-1 location Acquired picking…
Airborne Geophysics Acquisition The acquisition of Airborne data continues. Weather delays have been experienced and the Table below provides the project status as at August 8. The airborne data is being acquired to extend coverage…
Triceratops-2 Update The two fields, Triceratops and Bwata, are merged to one 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 one…
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…
Elk and Antelope Development Project Update Phil Mulacek - CEO Page 23
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…
Papua New Guinea Parliament Elects New Prime Minister On August 2nd the parliament of Papua New Guinea elected Peter ONeill the new Prime Minister. The Prime Minister has appointed his new cabinet with Minister William Duma being…
LNG Term Offtake Agreements Conrad Kerr Page 28
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…
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…
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%…
Closing Remarks Phil Mulacek - CEO Page 32
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…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of less than 0.45 per mcf IOC enterprise value 2.6 B (Equity 2.5 B + Debt-Ex WC 0.1 B as of June 30, 2011) Cash equivalents…
An Energy Development Company With Significant Exploration Potential Thank you Page 35
Loading...
