TABLE OF CONTENT 1. Corporate highlights 2. InterOil in brief 3. Financials 4. Overview of business activities 5. Outlook Pareto E&P Independents Conference January 19, 2012 2
CORPORATE HIGHLIGHTS Repaid USD 48 million of debt since completion of refinancing September 2010 Sustained production with less CAPEX in 2011 Reserve potential increased Negotiations with Petroperu for a 30 years joint venture…
TABLE OF CONTENT 1. Corporate highlights 2. InterOil in brief 3. Financials 4. Overview of business activities 5. Outlook Pareto E&P Independents Conference January 19, 2012 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 Drilled more than 70 wells…
PRODUCTION AND INVESTMENT HISTORY Production increased from 2400 b/d in 2005 Driven by use of 3D seismic, advanced interpretation and drilling technology Extensive investment program with gross investments of more than USD 285MM1)…
INVESTMENT OUTLOOK New growth phase with Latin America focus Large growth potential in existing licenses Two new exploration licenses in Colombia Strong cash flow ahead Oil price hedged at WTI USD 75-80 per bbl Attractive…
TABLE OF CONTENT 1. Corporate highlights 2. InterOil in brief 3. Financials 4. Overview of business activities 5. Outlook Pareto E&P Independents Conference January 19, 2012 8
FINANCIAL DATA Figures in MMUSD Q3 2011 Q3 2010 9 Months 9 Months Y 2010 2011 2010 Operating revenue 38.8 25.3 108.6 73.6 104.8 Production before royalties in 1763953 1635710 2272370 578239 529584 boe* Production net royalties in…
DEBT AMORTIZATION Million Debt amortization overview 160 New senior secured bond 140 Citi Colombia 120 Citi Peru 100 Old Unsecured bonds Old Senior secured bond 80 60 40 20 0 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2…
TABLE OF CONTENT 1. Corporate highlights 2. InterOil in brief 3. Financials 4. Overview of business activities 5. Outlook Pareto E&P Independents Conference January 19, 2012 11
PERU FACTSHEET Dec. 11 prod. WI 4064 b/d Reserves P21) 7.2 MMboe Investments 2012 MMUSD 20 Drilling 2012 10 Wells Cost per well MMUSD 1.3 -1.8 Corporate Tax 30% Royalty2) 49% Working Interest 100% San Luis exploration well Block III,…
PERU HIGHLIGHTS Development of San Luis Field in Block III in 2010, 2011 and 2012 New undepleted San Luis structure discovered in August 2010 Currently ten wells drilled, all of which encountered oil and produce today 1600 bopd…
BLOCK III: SAN LUIS 2012 DRILLING PLAN N Pareto E&P Independents Conference January 19, 2012 14
JOINT VENTURE WITH PETROPERU Negotiation with Petroperu for a 30 year Joint Venture initiated Current licenses expires in March 2013 InterOil has a first class track record in Peru, having invested more than MMUSD 100 and…
COLOMBIA HIGHLIGHTS 4 wells drilled on Mana in Q4 2011 All wells set in production Current average production of 110 bopd per well Successful re-completion of Altair-1 production well Current production some 300 bopd with jet…
MANA DRILLING PROGRAM - 2012 Doima Monserrate Pareto E&P Independents Conference January 19, 2012 18
ALTAIR - FIELDS & PROSPECTS 14 prospects identified in Altair Structural and stratigraphic traps (and combined) Altair-1 still producing with low water-cut Short payback time One exploration well to be drilled in Q2 2012…
ALTAIR: COMBINED TRAPS MULTIPLE TARGETS prospective channel / reservoir A A A A Len Shales potential stratigraphic channel trap lateral fault seal charge from oil migration level along synthetic fault into…
COR-6: PLAY & TRAP TYPES Subunconformity Gualanday Group Fault-propagation fold Sub-thrust flank of syncline Subunconformity Fractured Villeta Guadalupe Group Faulted Caballos Honda Villeta Group Gualanday Group…
COR-6: INTERPRETED SEISMIC SECTION NW B B SE B Caballos Reservoir () ALEL-1 Jurassic () TIJERAS-1 B Pareto E&P Independents Conference January 19, 2012 23
LLA 47 EXPLORATION BLOCK Block lies between the Sardinas GuarilaqueOropendolaAltair Barranquero productive trend in the west, and the OceloteCabionaLas Altair Garzas productive trend in the east. First exploration phase May…
LLA 47: PLAY CONCEPT MAP CARBONERA FM OROPENDOLA LLA 29 COROCORA LLA 30 TAMBAQUI LLA 29 447 km2 NASHIRA LAS GARZAS LLA 30 CABIONA CPO-2 CPO-1 potential prospects (C7, C5, C3 members) potential channels at C5,…
TABLE OF CONTENT 1. Corporate highlights 2. InterOil in brief 3. Financials 4. Overview of business activities 5. Outlook Pareto E&P Independents Conference January 19, 2012 26
OUTLOOK & SUMMARY Drilling plan 2012: Colombia: 2 wells in Monserrate; production estimate of 150 bopd per well 2 wells in Doima; production estimate of 100 bopd per well 1 well in Altair; production estimate of 400 bopd Peru:…