Table of contents 1. Background 2. 2014 Annual Report 3. Q1-2015 4. Operational update 5. Outlook 2
Licenses Operated portfolio of four licenses in Colombia and one service contract with Ecopetrol. Puli-C, the main producing block, is an area with three Ecopetrols association contracts in Middle Magdalena Basin: Mana, Ambrosia,…
2015 highlights IOX debt restructuring Andes acquired a 51% of Interoil through a private placement of 330 million new shares for NOK 36,3 Norway, Oslo million Headquarter Replacement of NOK 310 million bond and USD 5,7 million…
Table of contents 1. Background 2. 2014 Annual Report* 3. Q1-2015 4. Operational update 5. Outlook *The Board of Interoil confirms that financial statements have been prepared under the going concern assumption, however…
2014 Highlights P&L / Cash flow Average production for the year 2014 was 1,598 BOEPD. Interoil Colombia (USD 1000) 2014 2013 WI Production/Day 1 598 1 470 Average oil price fell from USD/bbl 99 to USD 86 in 2014 and in Oil price 86…
Table of contents 1. Background 2. 2014 Annual Report 3. Q1 2015 4. Operational update 5. Outlook 7
Q1 2015 Highlights P&L Cash Flow Quarterly revenues fell 59% year-on-year. The decrease results Interoil Colombia (USD 1000) Q1 2015 Q1 2014 primarily from a drop in oil prices of nearly 50%, from USD Unaudited 93/bbl in Q1 2014 to…
Table of contents 1. Background 2. 2014 Annual Report 3. Q1 2015 4. Operational update 5. Outlook 9
2014 Executed Activities The original 2013/2014 development plan was designed to increase production and reserves through an expensive drilling program: Started operational activities aimed at reducing decline rates and increasing…
2015 Development program The 2015 development plan was designed to increase production and reserves at a low cost: Working in a detail static model of Mana, Ambrosia and Rio Opia fields. The idea is to find unperforated new layers…
Operating netbacks Price reduced 45% in 1Q 2015 compared with 2014. In consequence, and despite a reduction in Operating cost by 26% in the same period, netback reduced more than 50%. This relatively low net back forces…
LLA-47 Exploration Block Block situated in a prolific neighborhood: Producing from five different reservoirs. Several producers in immediate vicinity. Average field size of 5.5 MMBO, API of 18 - 39. LLA-47 3D seismic…
LLA-47 Results based on Anisotropic Cube Interpretation Several opportunities mapped: 21 opportunities in Tertiary reservoirs 16 opportunities in Cretaceous reservoirs Large area per opportunity (between 90 to 1,600 acres). High…
Altair Results based on Cube Interpretation Several opportunities mapped: 12 opportunities in Tertiary reservoirs 6 opportunities in Cretaceous reservoirs Area per opportunity (between 60 to 464 acres) High volume potential per…
Table of contents 1. Background 2. 2012 Annual Report 3. Q1 2015 4. Colombia update 5. Outlook 16
Outlook Cost cutting program & restructuring Cost cuttings have been implemented and achieved results New experienced upper management appointed Mana Field Maintain production through development programs Secondary recovery…