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IPAA OGIS – Interoil Corporation

Interoil Corporation · Apr 16, 2012 · 30 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. IPAA OGIS – Interoil Corporation – slide 1
    WWW.INTEROIL.COM IPAA OGIS - April 16, 2012 Wayne Andrews Vice President Capital Markets
  2. IPAA OGIS – Interoil Corporation – slide 2
    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 Gulf LNG Project 50/50 joint venture on a…
  3. IPAA OGIS – Interoil Corporation – slide 3
    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…
  4. IPAA OGIS – Interoil Corporation – slide 4
    InterOil LNG Project Timeline Elk Discovery Resource Certification InterOil First Production LNG Critical Mass FID Ready 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 InterOil Brings LNG Project to FID Ready in Two…
  5. IPAA OGIS – Interoil Corporation – slide 5
    From Project Agreement to FID Ready in 2 Years Resource Estimate sufficient to support 270 Million LNG Project Public Offering JV Agreement with Advisors Engaged for Mitsui on CSP LNG Equity Partner Partner with EWC on Proposed…
  6. IPAA OGIS – Interoil Corporation – slide 6
    Third Party Resource Estimate Elk and Antelope Structure Gross Contingent Resource Estimate for Gas and Condensate As at December 31, 2011 Case An evaluation of the potential Low Best High resources of gas and condensate for…
  7. IPAA OGIS – Interoil Corporation – slide 7
    InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of approximately 0.50 per mcf IOC enterprise value 2.8 Billion, as of April 13, 2012 (58 per share) IOC ownership of Elk and…
  8. IPAA OGIS – Interoil Corporation – slide 8
    InterOil Engaged Advisors on Sale of Interest in Resource and Exploration InterOil has retained Morgan Stanley, Macquarie and UBS as joint financial advisors to assist InterOil with its evaluation of proposals from potential…
  9. IPAA OGIS – Interoil Corporation – slide 9
    InterOil Gulf LNG Development Map Page 11
  10. IPAA OGIS – Interoil Corporation – slide 10
    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…
  11. IPAA OGIS – Interoil Corporation – slide 11
    InterOil Continues Pre-FID Project Spending Page 13
  12. IPAA OGIS – Interoil Corporation – slide 12
    World Class Hydrocarbon Province InterOils 3.9 Million Acres Page 14
  13. IPAA OGIS – Interoil Corporation – slide 13
    Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth 2005/2010/2011 TRICERATOPS SEISMIC SURVEY 2009 ANTELOPE SEISMIC SURVEY 2009 POROMAN SEISMIC SURVEY 2010 WOLVERINE SEISMIC SURVEY Page 15
  14. IPAA OGIS – Interoil Corporation – slide 14
    Triceratops-2 Update Well at TD and Logging Complete T-2 well logs provide further confirmation of a previously identified gas field which was logged and tested during drilling of the Bwata-1 well in 1959, and the Triceratops-1 well…
  15. IPAA OGIS – Interoil Corporation – slide 15
    Triceratops-2 Projected on to Dip Line BW09IOL11 N S N S Surface Dips Pide River Well deliberately Valley positioned off flank of Vertical to potential reef due to overturned pressure control beds concerns for a shallower…
  16. IPAA OGIS – Interoil Corporation – slide 16
    Potential Scale of the Triceratops Field Strike line BW05IOL10 Triceratops-2. Potential height 680 m (2,231 ft) Potential Gas Triceratops-2 Column Height Bwata-1 Triceratops Field 158 m (518 ft) Bwata-1 (GWC) 5,500ft…
  17. IPAA OGIS – Interoil Corporation – slide 17
    Potential Tall Hydrocarbon Column Under Large Area Of Closure Large seismically defined closure greater 125 Km2 Potential greater than 2 x Antelope closure Gas water Contact Triceratops Field 5,500ft Triceratops-1…
  18. IPAA OGIS – Interoil Corporation – slide 18
    New Potential Field Data The final processed Potential Field data acquired in late 2011 are becoming available and initial assessment suggests a definition for closure of the Triceratops field. Our two regional gravity surveys used…
  19. IPAA OGIS – Interoil Corporation – slide 19
    Forward Plan The forward plan is to complete the drill stem testing (DST) program The planned testing operations will include DSTs for the gas/water contact, water quality, and other standard sampling procedures to ensure accurate…
  20. IPAA OGIS – Interoil Corporation – slide 20
    Seismic Acquisition Program 2011 was an active year for InterOils Exploration team. We continued to conduct exploration operations in our licenses PPL236, PPL237, PPL238 and PRL15. Airborne potential field and seismic data acquisition…
  21. IPAA OGIS – Interoil Corporation – slide 21
    Wahoo And Mako Phase 4 Seismic Survey Underway At PPL 236 Page 23
  22. IPAA OGIS – Interoil Corporation – slide 22
    PPL 238 Tuna Trend A total of 3 dip orientated seismic lines have been acquired over the Tuna trend. The mapping and jump correlation of the top of the mounded and predicted reefal carbonate facies indicates 4 way dip closure. A 15 km…
  23. IPAA OGIS – Interoil Corporation – slide 23
    PPL236 Wahoo/Mako Trend A total of 10 dip orientated seismic lines have been acquired over the Wahoo and Mako trend. The mapping and jump correlation of the top of the mounded and predicted reefal carbonate facies indicates 4 way dip…
  24. IPAA OGIS – Interoil Corporation – slide 24
    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 the…
  25. IPAA OGIS – Interoil Corporation – slide 25
    InterOils Rig 3 Undergoing Testing at Napa Napa Page 27
  26. IPAA OGIS – Interoil Corporation – slide 26
    Strong Balance Sheet December 31, 2011 December 31, 2010 Cash, Cash Equivalents, Restricted Cash 108.1 280.9 Total Current Assets 426.9 453.5 Plant & Equipment, Oil & Gas Properties 608.9 484.6 Total Assets 1,088.4 965.5 Current…
  27. IPAA OGIS – Interoil Corporation – slide 27
    Cash Flow From Operations Funded 38% of Investment Activities in 2011 Change in Current Assets less Current Liabilities Year Ended December 31, 2011 500.0 450.0 400.0 350.0 311m 300.0 US Dollars (Millions) 23m 227m…
  28. IPAA OGIS – Interoil Corporation – slide 28
    Summary of Consolidated Quarterly Financial Results Quarters ended 2011 2010 ( thousands except per share data) Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Upstream 1,891 2,645 4,638 668 245 714 1,349 998 Midstream…
  29. IPAA OGIS – Interoil Corporation – slide 29
    Closing remarks and Corporate Operating Goals Near term corporate goals: Maintain positive EBITDA from our operating businesses and have a positive year end financial outcome Complete Triceratops 2 and file a PRL for Triceratops…
  30. IPAA OGIS – Interoil Corporation – slide 30
    An Energy Development Company With Significant Exploration Potential Thank You

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