2013 Third Quarter Results Conference Call Presentation - November 12, 2013 Dr. Michael Hession - CEO
Opening Remarks Dr. Michael Hession - CEO Page 3
Group Activity and Results Third Quarter 2013 Results and Operations Highlights: Net loss for the quarter of 6.3 million compared to a profit of 5.3 million for the same period in 2012 250 million secured syndicated capital…
250 Million Financing Facility 250.0 million secured syndicated capital expenditure facility led by Credit Suisse related to the approved drilling and seismic data acquisition program, and general corporate purposes. Participating…
Group Quarterly Consolidated Results Net Loss for the quarter ended September 30, 2013, was 6.3 million Operating business segments of Corporate, Midstream Refining and Downstream had a profit of 7.5 million Developing business…
Streamlining and Simplifying Our Business August 6, 2013, we aligned PacLNGs interest in the Midstream LNG Joint Venture to their interests in PRL15, September 10, 2013, we sold our investment in Flex LNG shares for 7.8 million,…
Financial Position Total book assets 1.3 billion and liabilities 513 million Debt to capital ratio 20% Current ratio 1.3 times Quick ratio 0.6 times Page 10
Change in Current Assets less Current Liabilities Nine Months Ended September 30, 2013 180.0 140.0 122m 139m US Dollars (Millions) 100.0 84m 72m 60.0 20.0 11m 6m (20.0) Opening CA - CL Invest Gulf Project and…
Group Debt Optimization Capacity Current 20% New Loan 37% 50% Geared Open Debt Geared Geared Borrowing Level Capacity at Borrowing Level Borrowing Level Target 13% Debt Quantum 184 434 750 316 (m) Current Gearing Mix 50%…
Operations Update Dr. Michael Hession - CEO Page 13
Strategic Direction - Growing InterOil Exponentially Over Time Value Horizon 3 Explore for the future Horizon 2 Monetize the Gas Resources Horizon 1 Strengthen financial position and be efficient Time Page 14
InterOil is in a Strong Financial Position Secured financing and reduced costs Signed 250 million secured capital expenditure facility High caliber syndicate Bridges funding requirements Ongoing strategic evaluation of our…
InterOil is Concluding The Asset Monetization Concluding advanced negotiations Multiple offers received provide optionality PNG Government kept informed Experienced negotiating teams Experienced negotiating teams and industry…
InterOil Has Exploration Upside Certified Resource and exploration potential validated by industry experts Agreement on a world-class certified resource and several multi-Tcf prospects Track record of successful exploration in PNG…
Surrounding Leads and Prospect Inventory to Fuel Long-Term Growth Page 18
PPL236 Wahoo-1 Well Wahoo-1 Wahoo-1 (Alt) Wahoo-1 Wahoo-1 (Alt) Line KW08IOL12 Multi-TCF potential Miocene reef supported by both gravity and seismic signatures consistent with Antelope. Location close to existing PNG…
PPL237 Raptor-1 Well Raptor-1 Alt Large target ( 60 km2) lies west of Antelope Field. Raptor-1 Defined by legacy seismic and InterOil E09IOL07. Additional seismic acquisition proposed with PRE to satisfy farm-in work program…
PPL238 - Bob Cat Prospect The Bob Cat is a 67 km2 gravity anomaly The anomaly lies on trend with Triceratops and Antelope in an area we understand Additional seismic data has been proposed to define drill target Rig2 mobilization…
PRL 15 Appraisal Wells Appraisal wells in PRL15 2-4 appraisal wells planned for in PRL 15 Concluding negotiations on contract drilling rig Anticipate spudding in early 2014 Page 22
APRL 39 Triceratops Appraisal Well One appraisal well in APRL39 (Triceratops) The PPL338 joint venture seismic program over northern Triceratops is completed Work continues on the PPL237 joint venture seismic with partner Pacific…
InterOil creates value for shareholders in a vertically integrated oil and gas company operating in PNG with major discoveries and significant exploration potential Thank You
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