Table of contents 1. 3Q 2013 highlights 2. Financial review 3. Colombia update 4. Peru update 5. Outlook 2
Third quarter 2013 highlights USD 17 million EBITDA, representing 130% increase on Q2 Norway, Oslo Headquarter 12-well drilling program in Colombia completed: Higher than anticipated declination, but profitable on all metrics…
High potential portfolio in South America Operated portfolio of two licenses in Colombia Puli-C is the main producing block LLA-47 exploration block in the Llanos Basin with large upside potential Operated portfolio of two…
Table of contents 1. 3Q 2013 highlights 2. Financial review 3. Colombia update 4. Peru update 5. Outlook 5
3Q13 Stronger revenues and profitability Figures in USD millions 3Q 2013 2Q 2013 3Q 2012 2012 Revenues up 28% on Q2, on the back Realized oil price 106 95 106 107 of higher production (19%) and oil price Production (boed after…
P&L summary A 12% increase in oil price and 19% production increase caused revenues to rise 28% in Q2 P&L 3Q 2013 2Q 2013 3Q 2012 Colombia production increase of 44% Amounts in USDm, except where stated otherwise Peru production…
Cash flow and balance sheet summary Cash flow statement 3Q 2013 2Q 2013 3Q 2012 Amounts in USDm, except where stated otherwise Operating cash flows of USD 4 million for the EBITDA 16,6 7,2 13,6 quarter, and slightly negative for the…
Description of interest bearing indebtedness NOK 310m corporate bond loan (USD 49m) Issuer: Interoil Exploration & Production ASA 15% interest, maturity: March 2016 Share pledge in holding companies for South American operating…
Table of contents 1. 3Q 2013 highlights 2. Financial review 3. Colombia update 4. Peru update 5. Outlook 10
Puli-C: First phase completed Phase 0 of the 68 well drilling program completed in November Phase 0 consisted of 12 low wells, main objective was to generate increased cash flow at low risk Working Interest Production, bbls/day…
2013 drilling program Doima Monserate A total of 12 wells drilled in 2013: Initial production in-line with expectations, but with higher declination than anticipated Phase 1 to target out-step wells as well as exploration wells…
Strong operating netbacks and cash flow Operating netback per barrel 2) EBITDA and capex for Colombia (incl. Altair) 120 50 45 100 12 10 8 8 40 28 22 18 35 USD per bbl 80 22 7 USD million 9 18 30 60 15 25 20 40 77…
Exploration blocks and organisation Interoil sold the Altair and Cor-6 exploration blocks in Colombia in 1Q 2013, to Trayectoria Oil & Gas Closing originally expected to be completed in September 2013. Interoil responsible for…
Table of contents 1. 3Q 2013 highlights 2. Financial review 3. Colombia update 4. Peru update 5. Outlook 15
Interoil in Peru: Highlights Interoil has been active in Peru since 2005 Strong track record of production growth and cash flow generation Currently in arbitration proceedings with Perupetro, to determine whether Interoil has the…
Peru Production history Stable production in recent quarters despite very limited investments Working Interest Production, bbl/day 4 500 5% production increase in Q3, on the back of 4 000 successful work-over program 3 500 3 000 A…
Increased netback on higher oil price and production Operating netback per barrel 1) EBITDA and capex for Peru 120 60 100 50 80 53 54 54 53 40 50 USD per bbl USD million 60 38 30 15 13 12 15 49 40 17 20 9 37 36 20 40…
License extension Interoil management is taking a proactive approach to the license extension by continuing its regular dialog with the Minister of Energy and Mines, Ministry of Economics and Finance, Perupetro and Petroperu on a…
Table of contents 1. 3Q 2013 highlights 2. Financial review 3. Colombia update 4. Peru update 5. Outlook 20
Outlook Production and cash flow improvements due to completion of Colombia drilling program Full evaluation of first phase and investment plan for 2014 to be presented to the market Next phase to target out-step wells aimed to…
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