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APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation

Interoil Corporation · Apr 11, 2011 · 26 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. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 1
    InterOil Corporation Wayne Andrews - Vice President Capital Markets IPAA Oil & Gas Investment Symposium New York - April 11, 2011
  2. APRIL 2011 IPAA OGIS NEW YORK – 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 Condensate stripping project JV with Mitsui…
  3. APRIL 2011 IPAA OGIS NEW YORK – 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. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 4
    Third Party Resource Estimate Elk and Antelope Structure Gross Contingent Resource Estimate for Gas and Condensate As at December 31, 2010 Case An evaluation of the potential Low Best High resources of gas and condensate for Initial…
  5. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 5
    InterOil Has Created Value and Has Upside Potential InterOil is currently trading at approximately 0.60 per mcf IOC enterprise value 3.6 B (Equity 3.5 B + Debt 0.1 B as of Dec 31, 2010) Refinery and downstream value 0.5 B Cash…
  6. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 6
    InterOil Completed JVOA and Option Deed with Mitsui & Co. Ltd. On August 4, 2010, InterOil finalized a Joint Venture Operating Agreement (JVOA) for the Companys proposed Condensate Stripping Plant (CSP) with Mitsui & Co., Ltd.…
  7. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 7
    Unique and Attractive LNG Acceleration Opportunity On February 2, 2011, InterOil and Energy World Corporation completed documentation defining the contractual terms relating to the proposed 3 mtpa plant. Project Funding and…
  8. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 8
    Project Benefits of Modular LNG No reinjection of gas required Accelerated liquid recovery Reinjection compressors eliminated Upstream No reinjection wells No reinjection pipelines Stepwise plant expansion of 0.5 mtpa Increments…
  9. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 9
    InterOil Expands to 5 mtpa with Floating LNG Project On April 11, 2011, InterOil and Pacific LNG Operations executed agreements with FLEX LNG LTD and Samsung Heavy Industries for a floating liquefaction project in Papua New Guinea…
  10. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 10
    Potential Full Scale Development Timeline 2011 2012 2013 2014 2015 2016 2017 Condensate Stripping Plant Up to 3 CSPs Mid-Size Land based LNG (3 mtpa) Up to 8 mtpa LNG Floating LNG vessel (2 mtpa) Elk/Antelope & Condensate…
  11. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 11
    Achieving Project FID is InterOils 1 Priority InterOil is moving ahead with government sanctioning and approval of project development Development plan and integrated timetable presented to the PNG State Government has been…
  12. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 12
    Achieving Project FID is InterOils 1 Priority Laydown area at Napa Napa is prepared to receive project equipment 2009 Benefits to the state and project development include: Land improvement Increasing local employment…
  13. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 13
    Proposed Financing Structure Upstream Gas Project Mid-Stream LNG Project Land Floating Pipeline Field CSP Jetty Based LNG Finance by Finance by to Coast Finance by InterOil Mitsui Financing InterOil LNG Finance by Finance by…
  14. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 14
    InterOil in Proposed Partnership with EWC on LNG Hub and Power Plant InterOil has signed a non-binding memorandum with EWC to invest in and supply gas to an LNG hub terminal and power plant in the Philippines* EWC has a permit to…
  15. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 15
    LNG Off-take Principle The Upstream Partners collectively sell the LNG produced from the Elk/Antelope gas resource Financing Lower, and incremental, capital costs for modular LNG reduces dependence on off take agreements to guarantee…
  16. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 16
    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 a maximum rate of 24-27 Bbls/MMcf of condensate Minimal pre-LNG…
  17. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 17
    World Class Hydrocarbon Province InterOils 3.9 Million Acres Page 18
  18. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 18
    2010 Upstream Achievements Increased Certified Resources GLJ best case resource estimate increased from 9.1 to 9.4 Tcfe of gas equivalents Enhanced the understanding of the Antelope reservoir 2 horizontal wells drilled from Antelope…
  19. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 19
    Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth Page 20
  20. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 20
    Initial Bwata Seismic Lines Enhance Target Potential Structural Closure Larger Than Previously Mapped The mapping indicates significant up-dip closure above the Bwata-1 gas discovery and Triceratops well The 2010 Bwata seismic data…
  21. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 21
    Bwata-2 Location Estimated 1500 Feet Higher than Previous Gas Test Seismic reflection character at Bwata analogous to Antelope reefal build up Page 22
  22. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 22
    Bwata Isopach Map Indicates Favorable Delineation Locations Additional lines intended to fill gaps in seismic coverage where additional reef potential exists
  23. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 23
    Near Term Operating Goals Update FEED work to accommodate the increases in planned pipeline and CSP capacity for the larger 5 mtpa LNG capacity Reach condensate and LNG FIDs and advance the development of the CSP and LNG plants to…
  24. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 24
    Strong Balance Sheet December 31, 2010 December 31, 2009 Cash, Cash Equivalents, Restricted Cash 280.9 75.8 Total Current Assets 453.5 208.1 Plant & Equipment, Oil & Gas Properties 484.6 393.5 Total Assets 965.5 631.8 Current…
  25. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 25
    Summary of Consolidated Quarterly Financial Results Quarters ended 2010 2009 ( thousands except per share data) Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Upstream 245 714 1,349 998 1,027 1,011 660 611 Includes…
  26. APRIL 2011 IPAA OGIS NEW YORK – Interoil Corporation – slide 26
    An Energy Development Company With Significant Exploration Potential Thank you

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