Financial Highlights to Q2, 2008 27.4m Consolidated second quarter Earnings 30 before Interest Taxes, Depreciation and 25 Amortization (EBITDA), a non-GAAP 20 15 measure, was a record 27.4million 10 *(note 1) 5 0 -5 Net profit…
Key Points (Second Quarter 2008/2007) 392% increase in EBITDA to 27.4 million EBITDA of 10.2 million, 16.3 million and 7.9 million achieved in Upstream, Midstream and Downstream businesses respectively 628% turnaround in Net…
Financial Highlights Quarter and Six months ended June 30, 2008 results Six months ended June Quarter ended June 30, Consolidated Operating results 30, ( thousands, except per share data) 2008 2007 2008 2007 Sales and operating…
InterOil Our History Formed in 1997 - integrated oil and gas company with operations in Papua New Guinea InterOil is listed on three exchanges: US (AMEX:IOC) 9 Daily volume 800,000 (30 day traded average) Canada (TSX:IOL) Papua…
Our Vision is to Develop an Integrated Energy Company in Papua New Guinea Leverage exploration success for development of liquids monetization and LNG facility Identify niche market opportunities for financial return Be…
Upstream Exploration Our Record Majority equity stake in 8.5 million acres onshore exploration holding Significant new discovery in frontier basin. Elk/Antelope gas field results to date: Established 2,028 feet gas column…
Exploration Assets 10
Elk / Antelope Discovery Elk structure discovered in October 2006 (Elk-1well) Elk-4 well tested natural gas and gas liquids to surface in May 2008, confirming a discovery in the Antelope structure During completion test Elk-4…
Elk Seismic Coverage Total 200 miles of 2D seismic completed 13
Impact of Discovery What Does it mean The Elk and Antelope to underpin foundation resource for our LNG project Near field exploration potential with adjacent structural leads Mule deer, White tail and Bighorn identified on…
Exploration Forward Plan Antelope-1 Well Antelope 1 well to be spudded mid-October Antelope-1 Drilling Objectives: Drill a structural attic 2,269 feet up dip from the Elk-4 lowest known gas Extend field by drilling 1.7 miles…
Elk Field Appraisal Elk-1, 2, 4 and Antelope 1 Well Locations Elk-2 Elk-4 Elk-1 Antelope-1 iles 2.9 m iles 0.9 m iles 1.75 m North Mapped area - approximately 16,480 acres. 16
Assets through Value Chain Strategically Located & Positioned for Exponential Growth Exploration Portfolio Midstream Portfolio - Refinery Downstream 8.5 million acres K32.5bbls/day nameplate Distribution 65% Market Share 17
Midstream Liquefaction, Refining and Marketing 32,500 bpd name plate capacity oil refinery. Available capacity for in-country growth. Supplies 100% domestic market with balance available for export Development of a future world…
Midstream Highlights mil Refining operations recorded a 20 16.3m gross margin of 25.2 million 15 and EBITDA of 16.3 million for 10 the quarter ended June 30, 2008 Net profit after tax was 10.2 5 million for the quarter ended 0…
Downstream Distribution Segment 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…
Downstream Highlights Q2 Downstream operations mil 8 7.9m revenues were 140.5 million 7 generating a gross margin of 6 3.1m 5 13.6 million and EBITDA of 7.9 4 million for the quarter ended 3 June 30, 2008 2 1 Net profit…
Developing World Scale LNG in PNG InterOil Refinery LNG to be on InterOil leased land adjoining 22
Proven PNG Hydrocarbon Systems P P'nyang 'nyang 66 66 6 6 Juha Juha 66 H Hides ides S Sta tannle leyy An Anggoore re P R L4 P R L5 K Potential Recoverable Keetu tu Mananda Mananda 2 E Elevala levala M Moora…
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 gathering opportunity and condensate stripping…
LNG Project Benefits Focus Economics estimates that by 2020, the LNG project may contribute 15-20% of PNGs annual GDP At its peak of production, the LNG project could contribute US1.2 billion directly to PNGs annual GDP A total…
Speed to Market Creates LNG Value Fiscal Terms Land Step by Step = Lower Equity Risk = Lower Speed Gas Supply FEED Gas Offtake EPC Conventional Approach FID Construction 0 1 2 3 4 5 6 7 8 9 10 Years Fiscal Terms Land Fast…
Liquefaction Highlights Q3, and our LNG road forward Negotiations on project agreement in progress with the Papua New Guinea government, with confirmation by Prime Minister of signing in 4th Quarter 2008 Progressing development…
In Summary Papua New Guinea is a World Class under-discovered frontier InterOil has a lead on infrastructure in place Targeting significant hydrocarbon resource and reserves in 2008/9 InterOil has a 2-3 fold cost advantage in…
In Summary All operational business segments operating profitably Balance sheet strengthened Gearing Reduced InterOil positioned for growth 1st and 2nd highest recorded gas flowing wells on test in Papua New Guinea End 30
Loading...
