Skip to main content IPAA New York 2009 – Interoil Corporation Investor Presentation | Shale Experts
Loading...
Database
Slide Database

IPAA New York 2009 – Interoil Corporation

Interoil Corporation · Mar 2, 2009 · 44 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 New York 2009 – Interoil Corporation – slide 1
    InterOil Corp. Investor Presentation IPAA New York, April 20, 2009 Elk-4 flared 6 May 2008 Antelope-1 March 2, 2009 Flowed 385 MMcfd, 5,000 BCPD Proposed LNG Plant, Port Moresby, PNG Presented by Phil Mulacek - CEO & Wayne…
  2. IPAA New York 2009 – Interoil Corporation – slide 2
    InterOil Our History InterOil was formed in 1997 - integrated oil and gas company with operations in Papua New Guinea Refinery commenced 2004 BP distribution acquired 2004 Shell distribution acquired 2006 Discovered Elk 2006 LNG…
  3. IPAA New York 2009 – Interoil Corporation – slide 3
    Our Vision Develop an integrated energy company in Papua New Guinea Capitalize on exploration success through early liquids monetization and sponsorship of proposed LNG plant Demonstrate corporate social responsibility…
  4. IPAA New York 2009 – Interoil Corporation – slide 4
    PNG at Heart of Largest LNG Market Source: BP Statistical Review 2008 5
  5. IPAA New York 2009 – Interoil Corporation – slide 5
    Stable Govt Competitive Fiscal Policy Former Australian Territory Independence 1975 Strong relations with Australia - 350m PAPUA NEW GUINEA annual aid Constitutional Monarchy Parliamentary Democracy, Member of Commonwealth…
  6. IPAA New York 2009 – Interoil Corporation – slide 6
    Business Segments through Value Chain Strategically Located and Positioned for Growth Exploration Portfolio Midstream Portfolio - Refinery Downstream 4.6 million acres K36bpd capacity Distribution 65% Market Share Proposed…
  7. IPAA New York 2009 – Interoil Corporation – slide 7
    Downstream Distribution 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 network 8
  8. IPAA New York 2009 – Interoil Corporation – slide 8
    Midstream Refining 36,000 bpd capacity oil refinery Excess capacity for in-country growth Supplies domestic market with balance available for export Refinery strategically located Government leased land 9
  9. IPAA New York 2009 – Interoil Corporation – slide 9
    Upstream - Exploration Operate 4.0 million acre onshore exploration license Assets secured at a time when Papua New Guinea was overlooked and under-explored Significant new discovery in frontier basin, namely; Elk/Antelope gas…
  10. IPAA New York 2009 – Interoil Corporation – slide 10
    Dominant Operated Acreage Position in a World Class Hydrocarbon Province Potential Recoverable 11 Tcf 11 Potential Recoverable 25 Tcf Source: Papua New Guinea Department of Petroleum & Energy
  11. IPAA New York 2009 – Interoil Corporation – slide 11
    Early Exploration Establishes Active Hydrocarbon System BP joint venture in 1959 tested 1,610 Bpd of light sweet crude oil and 8 MMcfd of natural gas from limestone at the Puri-1 discovery InterOil conducted extensive regional field…
  12. IPAA New York 2009 – Interoil Corporation – slide 12
    Seismic Confirms Multiple Structures 400+ Km Seismic Data Reduced risk Leading PNG carbonate knowledge Upgrade Gas Volume Estimates 13
  13. IPAA New York 2009 – Interoil Corporation – slide 13
    The Elk-1 Well Discovery Elk structure was discovered in June 2006 (Elk-1 well) Elk-1 well penetrated 620 feet of brittle deep water limestone that is heavily fractured Of the total gross reservoir section drilled, 14 percent, or…
  14. IPAA New York 2009 – Interoil Corporation – slide 14
    Elk-4 Appraisal Well Elk-4 was drilled to potentially test both the Elk and Antelope fault blocks. The well penetrated Antelope significantly down dip from the high point of the structure Elk-4 drilled 600 feet of gross reservoir,…
  15. IPAA New York 2009 – Interoil Corporation – slide 15
    Elk/Antelope Gas Field - View to West 0.9 2.23 miles 1.75 miles miles 2.9 miles Elk Block Antelope Block 16
  16. IPAA New York 2009 – Interoil Corporation – slide 16
    Improved Seismic Indicated Reef Development Composite Line E4IOL05 and E12IOL07 11200 12000 12800 13600 14400 15200 16000 16800 17600 18400 19200 20000 E4IOL05 E12IOL07 Antelope-1 Antelope-2 Elk-4 0 0 -400 -400 -800…
  17. IPAA New York 2009 – Interoil Corporation – slide 17
    Antelope-1 Confirms Reef Development Antelope-1 encountered the limestone reservoir 1,595 feet higher than the Elk-4 well. Gas flowed to surface at 15 MMcfd during underbalanced drilling Mud logs indicate almost 100%…
  18. IPAA New York 2009 – Interoil Corporation – slide 18
    Antelope-1 World Class Discovery Antelope DST1 and the well log confirm one of the largest hydrocarbon column heights encountered in a single vertical onshore wellbore in all of Asia at over 2,600 feet FMI log interpretation and…
  19. IPAA New York 2009 – Interoil Corporation – slide 19
    Antelope-1, Elk-1 and Elk-4 Correlation Antelope-1 Elk-1 Elk-4 102 MMcfd & 5Bbls/MMcf 105 MMcfd & 18Bbls/MMcf 100m Antelope-1 Vs 100m Elk-1 Antelope-1 1750m-1850m Elk-1 1725m-1825m 20
  20. IPAA New York 2009 – Interoil Corporation – slide 20
    Dolomite Cap at Antelope-1 Antelope-1 Antelope-1 1745m-1900 Core sample at 1799.5m Core sample at 1851m 21
  21. IPAA New York 2009 – Interoil Corporation – slide 21
    Stacked Reef Development At Antelope-1 Antelope-1 Antelope-1 2,250m-2,400m Core sample at 1,928.5m Core sample at 2,400m 22
  22. IPAA New York 2009 – Interoil Corporation – slide 22
    Antelope-1 Flow Rate Comparison Well Gross Net Percent Production Flow Test Reservoir Reservoir Pay Tubing OD Natural Gas Condensate Elk-1 620 Ft. 88 Ft 14% 5.5 inch 102 MMcfd 510 BCPD Elk-4 600 Ft. 166 Ft. 28% 4.5 inch 105 MMcfd…
  23. IPAA New York 2009 – Interoil Corporation – slide 23
    Antelope-1 Well Schematic Note: Representative Depiction Not drawn to scale 24
  24. IPAA New York 2009 – Interoil Corporation – slide 24
    Top Tier Oil Field Services In PNG 25
  25. IPAA New York 2009 – Interoil Corporation – slide 25
    Antelope-1 Flow Test - March 2, 2009 26
  26. IPAA New York 2009 – Interoil Corporation – slide 26
    Antelope-1 Flow Test - March 2, 2009 27
  27. IPAA New York 2009 – Interoil Corporation – slide 27
    Antelope-1 Flow Test - March 2, 2009 Phil Mulacek InterOil CEO with Prime Minister of PNG Sir Michael Somare 28
  28. IPAA New York 2009 – Interoil Corporation – slide 28
    Government Project Support Papua New Guinea Post-Courier March 3, 2009 it is now our turn to commit to clearing the path toward first production with our loyal and dependable partner, InterOil. Prime Minister Sir Michael Somare…
  29. IPAA New York 2009 – Interoil Corporation – slide 29
    Third Party Resource Estimate Elk/Antelope Structure Gross Resource Estimate for Gas and Condensate As At December, 31, 2008 Case An evaluation of the potential Low Best High resources of gas and condensate for the Elk/Antelope…
  30. IPAA New York 2009 – Interoil Corporation – slide 30
    Papua New Guinea Fields PNG - Natural Gas, NGL & Oil Resource Total MMboe 2P/C Gas BCF NGL MMboe Oil MMbbl Billion Barrel Potential HIDES 934 4,176 176 - ELK/ANTELOPE 631 3,430 59 - InterOils Elk/Antelope discovery JUHA…
  31. IPAA New York 2009 – Interoil Corporation – slide 31
    No Contribution From Lower Zones PLT log indicates almost 50% Schlumberger PLT Log of the flow is coming from above 1,780 meters and 100% is produced from 1,850 meters and above, representing less than 12% of reservoir Production…
  32. IPAA New York 2009 – Interoil Corporation – slide 32
    E&P Forward Plan Antelope-1 ST Targeting Liquid Hydrocarbons Antelope-1 Collect remaining pressure, flow & down hole gauge data Sidetrack well to test lower zones of interest Complete for production Antelope-2 Location…
  33. IPAA New York 2009 – Interoil Corporation – slide 33
    Antelope-1 Sidetrack Sidetrack designed to test zones of interest in lower section of reservoir Plan to drill and test each zone of interest on the way down with single packer Original Hole Lowest mechanical risk test, important…
  34. IPAA New York 2009 – Interoil Corporation – slide 34
    Antelope-1 Sidetrack DSTs Multiple DSTs planned on identified zones of interest Expect higher liquid content with depth DST 8 - 2,380 to 2,416 meters. Recovered oil and oil emulsion. 44 API gravity. The side-track is in close…
  35. IPAA New York 2009 – Interoil Corporation – slide 35
    Antelope-2 Preparing For Drilling 36
  36. IPAA New York 2009 – Interoil Corporation – slide 36
    Proposed LNG Project Strategy Deliver a fast track LNG project in PNG Create Value for PNG and the Project Investors: Early monetization of InterOils Elk/Antelope gas discovery Liquid gas (LPG) gathering opportunity and condensate…
  37. IPAA New York 2009 – Interoil Corporation – slide 37
    Proposed LNG Project Location/Scope Compressor Station 6 - 9 MMtpa LNG Plant + LPG export Elk Kopi Napa Napa Pipeline - Refinery 220 miles Napa Napa Jetty Upgrade Project Investment US5 - 7 billion 38
  38. IPAA New York 2009 – Interoil Corporation – slide 38
    Attractive LNG Economics Superior Quality Supply High deliverability, low cost, onshore supply. Rich in condensate and LPG Low in contaminates (CO2, H2S) Protected geographic region Near coast Focus Economics estimates that…
  39. IPAA New York 2009 – Interoil Corporation – slide 39
    Developing World Scale LNG InterOil refinery Located on InterOil leasehold land adjoining Port Moresby harbor 40
  40. IPAA New York 2009 – Interoil Corporation – slide 40
    The Whole Value Chain Elk Raptor Antelope Duck Bill LNG Plant Condensate/ LPG Domestic LPG Marketing Export Marketing and Shipping Commercial Boundary 41
  41. IPAA New York 2009 – Interoil Corporation – slide 41
    Annual Financial Results Highlights Balance sheet significantly improved Debt/Cap at YE 2008 36%, compared to 67% at YE 2007 Current Ratio improved to 1.5 at YE 2008 compared to 0.8 at YE 2007 EBITDA* for the 2008 year totaled 22.5…
  42. IPAA New York 2009 – Interoil Corporation – slide 42
    Financial Summary - Quarterly Results for Past Eight Quarters* (1) Earnings before interest, taxes, depreciation and amortization is a non-GAAP measure and is reconciled to GAAP in the MD&A for year end 2008 filed on SEDAR and our…
  43. IPAA New York 2009 – Interoil Corporation – slide 43
    Improved Balance Sheet* Dec 31, 2008 Dec 31, 2007 Cash, Cash Equivalents, Restricted Cash 75.0 65.9 Total Current Assets 236.9 216.8 Plant & Equipment, Oil & Gas Properties 351.6 317.7 Total Assets 591.8 537.8 Current Portion of Secured…
  44. IPAA New York 2009 – Interoil Corporation – slide 44
    In Summary Papua New Guinea is a world class under-discovered frontier Proving significant hydrocarbon resource GLJ Petroleum Consultants Ltd. certified resources of 3.8Tcfe gross best case. High productivity wells, low cost…

From the store

Browse maps, data & reports in the Shale Experts store