Skip to main content INTEROIL ENERCOM PRESENTATION – Interoil Corporation | Shale Experts
Loading...
Pm

INTEROIL ENERCOM PRESENTATION – Interoil Corporation

Interoil Corporation · Aug 12, 2009 · 40 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. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 1
    InterOil Enercom Presentation August 12, 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 Wayne Andrews - V.P. Capital Markets 1
  2. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 2
    InterOil Our History InterOil was formed in 1997 - Vision to be an integrated oil and gas company with operations in Papua New Guinea Exploration and Production Refining Distribution and Marketing LNG focus and potential future…
  3. INTEROIL ENERCOM PRESENTATION – 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. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 4
    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…
  5. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 5
    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…
  6. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 6
    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
  7. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 7
    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 Profitability enhancement…
  8. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 8
    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…
  9. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 9
    World Class Hydrocarbon Province Dominant Acreage Position Potential Recoverable 11 Tcf 11 Potential Recoverable 25 Tcf Source: Papua New Guinea Department of Petroleum & Energy
  10. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 10
    Elk/Antelope Field - View to West 0.9 2.23 miles 1.75 miles miles 2.9 miles El Elk Block k fa Antelope Block u lt 12
  11. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 11
    Antelope-1 Confirmed Reef Development Composite Line E4IOL05 and E12IOL07 11200 12000 12800 13600 14400 15200 16000 16800 17600 18400 19200 20000 E4IOL05 E12IOL07 0 0 Elk-4 Antelope-1 Antelope-2 -400 -400 -800 -800…
  12. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 12
    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 2,300 feet Condensate rich natural gas…
  13. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 13
    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 15
  14. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 14
    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…
  15. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 15
    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…
  16. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 16
    Third Party Resource Estimate Elk/Antelope As At Dec 31, 2008 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…
  17. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 17
    Antelope-1 Sidetrack DSTs Multiple DSTs completed on identified zones of interest DST 12 2,347 to 2,402 meters. Recovered gas, condensate and oil. DST13 ST2 2,375 to 2,402 meters. Recovered oil and very little gas. 12 The oil…
  18. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 18
    Increasing Capital Spending June 8, 2009, Completed Common Stock Offering 2 MM share common stock registered direct offering. Received gross proceeds of U.S. 70.4 million Positions Company to accelerate upstream activity.…
  19. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 19
    Identified Opportunities Acquire Second Drilling Rig Identification of several capable rigs underway Both US and international rigs being inspected Adaptable to jungle working conditions New rig will increase drilling pace Seismic…
  20. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 20
    Phase 1 of New Seismic Program Proposed 100 Km Phase 1 Seismic Data acquisition program Further define the Antelope reef Upgrade Gas Volume Estimates AVO for comparison with Whitetail 22
  21. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 21
    Phase 1 & 2 of New Seismic Program 23
  22. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 22
    Accelerating Upstream Activity Antelope-1 Proved reef facies with 2,027 feet of condensate rich natural gas column Completing well for long-term production test as gas column is proven Install 2 7/8 inch tubing to open hole section…
  23. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 23
    Antelope-2 Well Spud July 27 Antelope-2 is located 2.3 miles south of Antelope-1 A road/track has been established to transport heavy loads via a Morooka tracked vehicle Significant time and cost savings gained with this added…
  24. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 24
    Elk/Antelope Field Elk-1 Elk-4 Antelope-1 Antelope-2 Elk-2 r ust k Th E l Reef Antelope Fault Antelope Platform Pictorial Only: Graphic Not to Scale 26
  25. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 25
    Condensate Recovery Feasibility Study EDG Consulting Engineers were commissioned to evaluate the opportunity to facilitate early monetization of condensate from the Elk/Antelope field Performed feasibility study with defined product…
  26. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 26
    Early Design Conclusions 400MMcfd is the best initial rate for early condensate monetization (yielding approximately 9,000 bbls per day) The stripping facility and compression station is best located at the Purari River rather…
  27. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 27
    Field Development Plan Plant at River 29
  28. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 28
    Economics of Early Condensate Initial Final Production Production Condensate Project Drilling Rate Rate Price CAPEX CAPEX OPEX IRR NPV 10% Payout MMcfd MMcfd /Bbl Million Million Million/yr % Million years 400 400 90 320 120 29.6…
  29. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 29
    Economics Sensitivity to Oil Price and Yield 1800 1600 NPV 10% in USmil 1400 US125/bbl 1200 US100/bbl 1000 US90/bbl 800 US75/bbl 600 US50/bbl 400 200 0 22.4 12 15 18 21 24 27 30 Yield in bbl / MMscf NPV is for the…
  30. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 30
    LNG Project Strategy Current objectives: Deliver a fast track LNG project in PNG Liquified petroleum gas (LPG) gathering opportunity and condensate stripping Capture share of Asia and US markets during period of increasing LNG…
  31. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 31
    Proposed* Elk/Antelope Participating Interests Participating Interests Farm-In Interests Pre-Transaction* Petromin 22.5% Strategic Partner 2.5% IPWI Partners 21.83% Strategic Partner 2.5% InterOil* 55.67% Strategic Partner 2.5%…
  32. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 32
    PNG at Heart of Largest LNG Market Source: BP Statistical Review 2009 34
  33. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 33
    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 Contractor Estimate of Project Investment US5 - 7…
  34. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 34
    Attractive LNG Economics Superior Quality Supply High deliverability, low cost supply. Rich in condensate and LPG Low in contaminates (CO2, H2S) Protected geographic region Onshore, near coast InterOil exploration wells are lower…
  35. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 35
    Developing World Scale LNG InterOil refinery Located on InterOil leasehold land adjoining Port Moresby harbor 37
  36. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 36
    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 38
  37. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 37
    June 30, 2009 Financial Highlights For the June 30, 2009 quarter, InterOil reported net income of 9.4 million (diluted 0.24 per share), down 6.2 million over the equivalent quarter in the prior year. EBITDA* for the quarter ended…
  38. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 38
    Financial Summary - Quarterly Results for Past Eight Quarters* Quarters ended 2009 2008 2007 ( thousands except per share data) Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Upstream 660 611 487 698 895 618 579 1,176…
  39. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 39
    Improved Balance Sheet* June 30, 2009 June 30, 2008 Cash, Cash Equivalents, Restricted Cash 117.7 55.2 Total Current Assets 268.6 263.0 Plant & Equipment, Oil & Gas Properties 379.2 330.3 Total Assets 662.4 596.4 Current Liabilities…
  40. INTEROIL ENERCOM PRESENTATION – Interoil Corporation – slide 40
    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 (2.1 Tcfe net to InterOil) best case High…

From the store

Browse maps, data & reports in the Shale Experts store