InterOil Corporation Third Quarter 2011 Results Conference Call Presentation
Opening Remarks Phil Mulacek - CEO Page 3
Group Activity and Results Current Results: Positive EBITDA for our core businesses over the last 8 quarters Overall net loss from investment activities and non-cash charges, with the pre-investment all enhancing the LNG value…
Third Quarter Financial Results Collin Visaggio - CFO Page 5
Group Quarterly Consolidated Results Net Profit - 3 years quarterly 30 20 10 Millions 0 3Q:11 2Q:11 1Q:11 3Q:10 2Q:10 1Q:10 4Q:09 3Q:09 2Q:09 1Q:09 Q4:08 4Q: 10 -10 -20 -30 -40 Key…
Financial Position Summary Financial Position - Trend 3 years 1,200,000,000 1,000,000,000 Strengthening Balance Sheet 800,000,000 600,000,000 400,000,000 200,000,000 0 -200,000,000 -400,000,000 September…
Cash Flow From Operations Funded Half of the Investment Activities in the Nine Months ended September 30, 2011 Change in Current Assets less Current Liabilities Nine Months Ended September 30, 2011 500.0 450.0 400.0 350.0…
Refinery and Distribution Business Segment Update Bill Jasper - President Page 9
Refinery & Distribution Volumes The capacity utilization of the refinery in the same quarter of 2010 was maximized to stockpile products in anticipation of an extended maintenance shutdown toward the end of the quarter. The volume…
InterOils Chartered Distribution Vessels Saturn Large tank deliveries Deep water Harbor access Ipsilantis Shallow draft delivery
Exploration Program Update David Holland Page 12
Exploration Update InterOils Exploration team continue to conduct exploration operations in our licenses PPL236, PPL237, PPL238 and PRL15. Airborne potential field and seismic data acquisition are the primary tools utilized to expand…
Triceratops Seismic Program Preliminary Results Post - Phase 2 Top Reservoir Post - Phase 3 Top Reservoir Triceratops Phase 3 Seismic acquisition and processing complete Interpretation is well advanced significantly increases…
Triceratops-2 Update Pide River Gorge. Rig site and camp preparation well advanced Rig mobilization commenced Sunday, November 13, 2011 Top Orubadi Fm. Well Prognosis and Drilling Program Well design and drilling program has…
Airborne Geophysics Acquisition Data acquisition was completed September 11, 2011 Processing well advanced preliminary results provided to InterOil November 11, 2011 Final data due December 10 Magnetics: Total Magnetic Intensity…
Near Term Upstream Goals The primary near term directive of the exploration group is to mature a prospect inventory for a continuous multi-well exploration program. This will be achieved by meeting the following goals: Complete…
LNG Project Update - CSP Condensate Stripping Plant (CSP) CSP EPC contract technical reviews and cost optimization are nearing completion. Commercial negotiation plans are being finalized and will commence once the technical scope is…
LNG Project Update - Pipelines Condensate and Dry Gas Pipelines 100% of track clearing complete for center line survey and the geotechnical contractor is mobilizing to begin soils investigation campaign. Bid evaluation of pipeline…
LNG Project Update LNG Facilities EWC LNG Facility The land acquisition for the Bluff site is progressing and permissions for geotechnical investigations have been received. The plan for the drilling/drilling and coring work has been…
LNG Project Update Project Management and Licensing General Gulf LNG Project Services Contract bid package is complete and issued to potential contractors. This contract will provide resources and processes to support the Project…
LNG Term Offtake Agreements Conrad Kerr Page 23
LNG Market Update Current Asia LNG Market status, as reported by Platts in a recent LNG forum in Singapore: November Japan / Korea Spot LNG price marker mid 17 range Spot LNG near Brent oil parity One year contracts at 15% Japanese…
Papua New Guinea Political Climate Sir Rabbie Namaliu Page 25
Sir Rabbie Namaliu: Former PNG Prime Minister, Minister for Petroleum and Energy, Minister of Foreign Affairs, Minister for Treasury & Speaker of Parliament Discussion and support by Prime Minister Peter O'Neill: To have our Gulf LNG…
Closing Remarks Phil Mulacek - CEO Page 27
Closing remarks and Corporate Operating Goals Near term corporate goals: Maintain positive EBITDA from our operating businesses and have a positive year end financial outcome Maintain the LNG pre-investment to drive the timeline and…
InterOil Has Created Value and Has Upside Potential InterOil is currently trading with a resource valuation of less than 0.45 per mcf IOC enterprise value 2.3 B (Equity 2.2 B + Debt-Ex WC 0.1 B as of September 30, 2011) Cash…
An Energy Development Company With Significant Exploration Potential Thank you Page 30
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