WWW.INTEROIL.COM The Oil And Gas Conference - August 15, 2012 Wayne Andrews - Vice President Capital Markets
InterOil Investment Highlights Resource estimate on Elk and Antelope fields 2011 YE Best Case estimate of 8.6 Tcf of gas and 128.9 MMbbls of condensate gross contingent resources New discovery confirmed by Triceratops-2 well should…
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…
Papua New Guinea Politics National Elections Deliver Strong Government National elections solved the supreme court confusion regarding the Prime Minister New government should break the log jam in decisions and approvals Increased…
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 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…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of approximately 0.75 per mcf IOC enterprise value 4.2 Billion, as of August 13, 2012 (87 per share) IOC ownership of Elk and…
World Class Hydrocarbon Province InterOils 3.9 Million Acres Page 9
Planned Elk-3 and Antelope-3 Drilling Locations
Hou Creek Camp and Wharf Page 11
Antelope-3 Drilling Location and Camp Site PRL 15 Upstream Camp Site Antelope-3 Rig Pad Page 12
Triceratops-2 Well Update and Key Events The Triceratops-2 well was spudded on January 15, 2012 The well reached total depth of 7,736 feet (2,236 meters) after a total of 98 days of drilling Completed wire line logging including…
Triceratops-2 Interpreted well log and DST Intervals Upper zone tested in DST7, 8 and 9 Gas Rate: 27 MMcfd DST9 CGR: 16-17 bbl/MMcfd (Bwata-1 Legacy 6.7) Gas Gravity: SG 0.672 to 0.706 CO2: 0.3 mol% H2S: Not recorded Gas…
Potential Tall Hydrocarbon Column Under Large Area Of Closure Page 15
Triceratops Key Results The diagenetic features (presence of dolomite), biostratigraphy and FMI sedimentary facies interpretation support the interpretation that the Triceratops-2 well is on the flank of a shallow marine carbonate…
Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth Page 17
Wahoo And Mako Phase 4 Seismic Survey At PPL 236 Completed Page 18
PPL 238 Tuna Trend Strike Line Possible mounded reef carbonate facies. Onlap highstand (yellow) and low stand (red). Page 19
PPL236 Wahoo/Mako Trend Wahoo Mako Page 20
Forward Plans Triceratops Delineation Plan InterOil has suspended Triceratops-2 as a future producing well, and with the consent of the PNG Department of Petroleum and Energy, released the rig from the Triceratops-2 location.…
Strong Balance Sheet June 30, 2012 December 31, 2011 Cash, Cash Equivalents, Restricted Cash 61.1 108.1 Total Current Assets 389.0 426.9 Plant & Equipment, Oil & Gas Properties 700.7 608.9 Total Assets 1,157.5 1,088.4 Current…
Change in Current Assets less Current Liabilities Six Months Ended June 30, 2012 300.0 250.0 227m 200.0 US Dollars (Millions) 150.0 13m 28m 118m 100.0 117m 33m 50.0 - Opening CA - CL Invest Gulf Project and…
Group Debt Optimization Capacity Current 13% Geared 50% Geared Open Debt Borrowing Level Borrowing Level Capacity=37% Debt Quantum (m) 110 700 590 Current Gearing Mix 50% Geared Borrowing Mix Open Debt Capacity 0…
Closing remarks and Corporate Operating Goals Near term corporate goals: Generate positive EBITDA from our operating businesses and have a positive year end financial outcome File an application for a PRL (Petroleum Retention…
An Energy Development Company With Significant Exploration Potential Thank You
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