AGENDA Interoil in Brief Financial Data Operational Development & Plans 2011 Peru Colombia Ghana Operational Outlook & Summary Q&As Pareto Securities' 17th Annual Oil & Offshore Conference 1 Sept 2010 3
INTEROIL IN BRIEF KEY FACTS High-growth international independent exploration and production oil company - listed Listed on the Oslo on the Oslo Stock Exchange - with a strategic Stock Exchange: IOX focus on Latin America Market…
INTEROIL IN BRIEF HIGHLIGHTS Reserves P1 P2 P3 Production End 2009 boe/d Successful production MMboe - WI Q2 2010 history in Latin America Peru 8.2 8.7 9.7 3400 Drilled more than 60 Colombia 4.9 6.3 7.3 2000 wells in Peru and 25 in…
INTEROIL IN BRIEF Daily Production WI Pareto Securities' 17th Annual Oil & Offshore Conference 1 Sept 2010 6
DAILY PRODUCTION 2010 WI 6600 Pareto Securities' 17th Annual Oil & Offshore Conference 1 Sept 2010 7
FINANCIAL DATA Figures in MMUSD Q2 2010 Q1 2010 Y 2009 Operating revenue 23.8 24.5 100.4 Production before royalties in boe 511971 594155 2648638 Production net royalties in boe 338250 385967 1742875 EBITDA 15.2 14.2 41.5…
PERU FACTS Q2 2010 prod. WI 3400 b/d Reserves P2 8.7 MMboe Investments 2010 21 MMUSD Drilling 2010 11 Wells Cost per well 1.3 -1.8 MMUSD Corporate Tax 30% Royalty avg. 2010 48% Working Interest 100% Licenses Block III & IV Surface 660…
PERU NORTHWEST PRODUCTION 100 000 PETROBRAS PETROTECH GMP PETROLERA INTEROIL LOTE X LOTE Z-2B LOTE I-V MONTERRICO LOTE III - IV LOTE II SAPET LOTE VI-VII UNIPETRO BPZ OLYMPIC LOTE IX 10 000 1 000 100 Feb-03…
BLOCK III PLAN 2010: 11 WELLS Well 13103D Found undepleted high pressures Expected production 2000 b/d San Luis San Luis Field Mirador New fault block Potential for more than 20 wells P2 reserves 3 MMb Up to seven more wells…
COLOMBIA FACTS Production Q2 WI 2000 b/d Reserves P2 6.3 MMboe Investments 2010 8 MMUSD Drilling 2010 9 Wells Cost per well 1.0 - 1.8 MMUSD Altair 4 MMUSD Corporate Tax 33% Royalty 10% Working Interest 50-90% Licences 5 blocks Surface…
PULI C PLAN 2010: 6 WELLS 2Q production of 2000 b/d versus 2200 b/d at start of year Targeting production of 3400 b/d by year-end by drilling new wells Targeting production growth from mature area 2010 drilling campaign started…
COLOMBIA ALTAIR BLOCK Purrita-1 Altair-1 Purrita-1 Altair-1 Completed farm out of 10% for 2 wells (saving USD 9 MM in work commitments) in February Two exploration wells drilled in Q2 on independent structures Altair-1…
COLOMBIA PENDING NEW BLOCKS LLA 47 and LLA 53 Final approval expected October 2010 by ANH CAPEX commitment USD 50MM over 3 years Negotiating farm-in agreements for seismic and drilling Pareto Securities' 17th Annual Oil…
GHANA EBONY DISCOVERY OFFSHORE Exploration Ebony Disc. Area Prospective 70 Bscf Resources 2 MMb Investments 2010 0.5 MMUSD Working Interest 58.33% Surface 80 km2 Operator InterOil Partner Thani Ghana Existing Wells 2 Wells with 2…
GHANA EBONY DISCOVERY OFFSHORE Ebony-1 Ebony Gas Production Forecasts TP-1 30 Avergage Daily Gas Rate (MMscf/d) 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 11 12 2 km Year Mid Case Initial Rate 18.0 MMscf/d - E.U.R.…
OPERATIONAL OUTLOOK & SUMMARY Production guidance 2011: 9000 b/d Colombia: 2800 b/d Peru: 6200 b/d Drilling plan 2011 Colombia: 6 - 8 production/appraisal wells in Mana and Rio Opia and one exploration well in Altair Production…
OPERATIONAL OUTLOOK & SUMMARY Strong cash flow ahead CAPEX in MMUSD 1.95 MMb in Peru from April 2010 to 70 West Africa September 2012 hedged at WTI 80 per 60 Peru barrel Colombia Attractive fiscal terms 50 Low production cost…