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SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa

Interoil Exploration & Production Asa · Mar 28, 2012 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 1
    TABLE OF CONTENTS 1. Corporate highlights 2. Interoil in brief 3. Financials 4. Overview of business activities 5. Outlook Swedbank First Energy Summit March 28, 2012 2
  2. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 2
    CORPORATE HIGHLIGHTS Repaid more than USD 54 million of debt since completion of refinancing in September 2010 Sustained production at an average of almost 6100 b/d with less CAPEX in 2011 Farm-out of three blocks in Colombia in…
  3. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 3
    TABLE OF CONTENT 1. Corporate highlights 2. Interoil in brief 3. Financials 4. Overview of business activities 5. Outlook Swedbank First Energy Summit March 28, 2012 4
  4. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 4
    INTEROIL IN BRIEF Norway, Oslo HIGHLIGHTS Headquarter Switzerland, Zrich Successful production Technical Department history in Latin America Colombia, Piedras, Llanos Ghana, Ebony Discovery Area onshore offshore Drilled more…
  5. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 5
    PRODUCTION AND INVESTMENT HISTORY b/d Avg. Daily Production WI per Quarter Production increased from 2400 b/d in 2005 8000 Driven by use of 3D seismic, advanced interpretation and drilling technology 6000 Extensive investment…
  6. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 6
    INVESTMENT OUTLOOK Latin America focus Large growth potential in existing licenses in Peru and Colombia Explore and develop 2 new licenses in Colombia Strong cash flow ahead Low cost operations: average OPEX is USD 15 per bbl…
  7. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 7
    TABLE OF CONTENT 1. Corporate highlights 2. Interoil in brief 3. Financials 4. Overview of business activities 5. Outlook Swedbank First Energy Summit March 28, 2012 8
  8. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 8
    FINANCIAL DATA Figures in MMUSD Q4 2011 Q3 2011 Y 2011 Y 2010 Sales 39.0 38.8 147.6 104.8 Production before royalties in boe 546048 578239 2310001 2272370 Production net royalties in boe 350577 371477 1470072 1481306 EBITDA 24.0…
  9. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 9
    DEBT AMORTIZATION Million USD 160 50 New senior secured bond 15% 140 30 Citi Colombia Libor + 6.5% 120 60 Citi Peru Libor + 5.5% Old Unsecured bonds 100 Old Senior secured bond 80 60 40 20 0 Q2 2010 Q3 2010 Q4 2010…
  10. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 10
    TABLE OF CONTENT 1. Corporate highlights 2. Interoil in brief 3. Financials 4. Overview of business activities 5. Outlook Swedbank First Energy Summit March 28, 2012 11
  11. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 11
    COLOMBIA FACTSHEET Feb. 11 prod. WI 2000 b/d 1) Reserves P2 5.0 MMboe Investments 2012 MMUSD 10 Drilling 2012 4 + 3 Wells 2) Cost per well MMUSD 1.2-1.8 / 1.5-3.0 Corp. tax 33% 3) Royalty 8 - 20% Working Interest 50-90% 4)…
  12. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 12
    COLOMBIA HIGHLIGHTS 4 wells drilled in Mana in Q4 2011 producing 100 bopd per well Second buyer for oil since November 2011 Reduced inventory and increased flexibility Successful re-completion of Altair-1 well 500 bopd with jet…
  13. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 13
    REDUCED FINANCIAL EXPOSURE COLOMBIA Interoil has signed LOI to farm-out Farm-out Summary (USDm) Altair COR-6 LLA 47 50% of LLA 47 to Petromagdalena Total commitments 12 22 38 Energy Expire date nov.13 jul.14 feb.15 Interoil has…
  14. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 14
    ALTAIR BLOCK PROSPECT MAP 15 prospects identified Structural, stratigraphic and combined traps Phase 3: Nov 11 Oct 12: 1 expl. well Prospect 2 3 exploration wells in 2012 and 1 appraisal well in 2013 Mizar IOX commitment USD…
  15. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 15
    COR-6 EXPLORATION BLOCK RO BOGOT VSM-3 COR-39 COR-3 GLADIADOR-1 GABY-1 ABANICO ABANICO-3ST ALEL-1 CHICORAL-1ST 160 km2 GUANDO OIL FIELD 20000 BOPD GUANDO-148 TIJERAS-1 S2 (STRAT XA-2) COR-33 TORRENTES-1…
  16. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 16
    LLA 47: PLAY CONCEPT MAP CARBONERA FM OROPENDOLA LLA 29 COROCORA LLA 30 TAMBAQUI LLA 29 447 km2 NASHIRA LAS GARZAS LLA 30 First phase Feb 12 Feb 15 350 km 2 3D seismic plus 8 wells CABIONA IOX commitment USD 6…
  17. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 17
    PERU FACTSHEET Feb. 11 prod. WI 3343 b/d Reserves P21) 2.4 Mmboe Investments 2012 MMUSD 3+17 Drilling 2012 1+9 wells Cost per well MMUSD 1.3 -1.8 Corporate Tax 30% Royalty2) 49% Working Interest 100% Licenses Block III & IV San Luis…
  18. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 18
    PERU HIGHLIGHTS Blocks expire in March 2013, negotiations with Petroperu for extension in progress Stable production in block IV 850 b/d Optimized workover program reduced production decline San Luis field Discovered in August…
  19. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 19
    BLOCK III: SAN LUIS 2012 DRILLING PLAN 13141D N Swedbank First Energy Summit March 28, 2012 20
  20. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 20
    TABLE OF CONTENT 1. Corporate highlights 2. Interoil in brief 3. Financials 4. Overview of business activities 5. Outlook Swedbank First Energy Summit March 28, 2012 22
  21. SWEDBANK FIRST SECURITIES NORDIC ENERGY SUMMIT – Interoil Exploration & Production Asa – slide 21
    OUTLOOK Drilling plan 2012 Colombia: 2 wells in Monserrate 150 bopd per well 2 wells in Doima 100 bopd per well 3 wells in Altair 400 bopd per well Peru: 1 well 350 bopd 9 wells dependent on license extension Complete farm-out…

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