InterOil an Integrated Oil & Gas Co. Formed in 1997 - integrated oil and gas company with operations in Papua New Guinea - PNG InterOil is listed on three exchanges: US (AMEX:IOC) 9 Daily volume 708,000 (90 day traded average)…
Our Vision is to Develop an Integrated Energy Company in Papua New Guinea Leverage exploration success for development of LNG facility Identify niche market opportunities for financial return Be environmentally responsible…
Assets through Value Chain Strategic Assets Positioned for Exponential Growth Exploration & Refining and Marketing 32,500 Distribution 65 to 70% Development 33,280 bbls/day nameplate capacity Market Share net sq miles 6
Strategic Investment in LNG InterOil has a proven track record InterOil built a refinery in a remote location Closed a 30-year Project Agreement with the Government of PNG Identified PNG as a strategic opportunity at a time when…
Proven PNG Hydrocarbon Systems P P'nyang 'nyang 66 66 6 6 Juha Juha 66 H Hides ides S Sta tannle leyy An Anggoore re P R L4 P R L5 K Potential Recoverable Keetu tu Mananda Mananda 2 E levala Elevala M Moora…
Upstream Exploration On trend exploration licenses covering over 9 million acres Two new Oil & Gas systems Two sandstones - Subu and Pale Three limestones - Puri, Mendi and Reef Currently high success rate three wells…
Seismic Confirms Multiple Structures Triceratops Bwata Reduced risk Elk Leading PNG carbonate knowledge Mule Deer Upgrade the Gas Resource Antelope Raptor Big Horn Duck Bill 10
Groundbreaking Elk-1 Discovery June 2006 DST Max Flow Rate: 21.7 MMscfd 60/64 in choke, WHFP-1200psi, WHSIP-3160psi, BHSIP-3580psi 1690m CAOF 2.85 Bcfd 11
Elk-2 Porosity/Fracture Summary Fracture Density World-Scale Carbonate Reservoir Properties 2,345m Projected GWC from DST pressures Net/Gross = 17m/88m Avg net = 5.2% kh = 4 md-ft 2,675m HKW from well tests Net/Gross =…
Elk-4 A New Discovery Antelope Reduced risk Leading PNG carbonate knowledge Upgrade the Gas Resource The Elk-1 and Elk-4 discoveries in the Elk and Antelope structures, confirmed InterOil position in leading PNG in…
Elk-4 Status - Drilling Ahead Elk-4 / Antelope Status Perform DST 3 which tested the open hole from 7,628 feet (2,325 meters) to 7,815 feet (2,382 meters). Results of DST 2 very encouraging. Key positive results: DST 2 was…
Antelope-1, Limestone Reef Test Antelope Status Location identified by extensive seismic Seismic suggests Antelope structure broadens to the south Primary Target - Miocene Reef Structurally high -1,250 feet (381 meters) to…
Seismic Supports Antelope Reef Late Reef Development E12 17
Antelope Structure Very Prospective Antelope-1 well is prognosed to intercept shallow water, higher energy carbonates similar to those encountered in the wells in the Uramu/Iviri platform/reef complex and is approximately 1,250 feet…
Antelope Platform/Reef Complex Elk-4 Antelope-1 REEF PLATFORM E AN E STO N TE I LI M LO M END PURI/ PE FA UL T E04IOL05 Antelope Platform/Reef Model E04IOL05 Low Case Gas REEF Water Contact GWC Best Tech. Case GWC…
Midstream Refining and Liquefaction 32,500 bpd name plate capacity hydro-skimming oil refinery Proven through put at 36,500 bpd, which will support in-country growth Supplies 100% domestic market with balance available for…
Downstream Distribution Segment Largest distributor of fuel products in PNG Acquired BP and Shells PNG distribution assets Owned and operated by InterOil: Distribution depots Seaboard terminals Trucking system Retail…
Developing World Scale LNG InterOil refinery Located on InterOil leased land adjoining Port Moresby harbor 22
LNG Project Strategy Delivering a LNG project in PNG Create Value for PNG and the Project Investors: Early monetization of InterOils Elk/Antelope gas discovery Liquid gas gathering opportunity Capture share of Asia and US…
The Whole Value Chain Elk Raptor Antelope le Duck Bill Sa s Ga l ra tu Na LNG Plant Condensate/ LPG Domestic LPG Marketing Export Marketing and Shipping Commercial Boundary 24
LNG Project Benefits Focus Economics estimates that by 2020, the LNG project may contribute 15-20% of PNGs annual GDP At its peak of production, the LNG project could contribute US1.2 billion directly to PNGs annual GDP A…
Projected LNG Project Ownership Oil & Gas End Use (1-2) Merrill Lynch Pacific LNG InterOil Strategic Strategic (33.33%) (33.33%) (33.33%) Partner Partner PNG LNG Inc. (Bahamas) PNG Govt. and Major Shareholder Land owners…
World-Class Project Team LNG Execution team has 250 years Oil and Gas experience, with 100 years specific LNG experience and growing InterOil a long term commitment in PNG Access through Merrill Lynch in all other areas needed…
LNG Project Location and Scope 9 - 10 MMtpa LNG Plant + Compressor Station LPG export Elk Kopi Pipeline to Napa Napa (358 km) Napa Napa Napa Napa Jetty Upgrade Project Investment US5 - 7 billion 28
Myths and Facts Myths: Majors Required: World-scale LNG projects require major oil company to develop. Reserves: Must have 20 years gas supply as P1 reserves to start LNG project. Facts: Majors vs. Juniors: InterOil a non-Major, is…
Speed to Market Creates LNG Value Fiscal Terms Land Step by Step = Lower Equity Risk = Lower Speed Gas Supply FEED Gas Offtake EPC Conventional Approach FID Construction 0 1 2 3 4 5 6 7 8 9 10 Years Fiscal Terms Land Fast…
Our LNG Road Forward Gas Appraisal Activities Continue the enhanced appraisal of the gas resources for the LNG project Drill the Antelope reef structure targeting the main reef porosity zone Pursue Farm-in and Strategic…
In Summary InterOil is targeting significant boe resource and reserve additions in 2008 through Antelope-1 apprasial We have world class assets strategically located in a hydrocarbon hub on the doorstep of Asia InterOil has…
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