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April 2011 Investor Presentation – Interoil Exploration & Production Asa

Interoil Exploration & Production Asa · Apr 6, 2011 · 19 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. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 1
    TABLE OF CONTENT 1. Recent corporate developments 2. Company highlights 3. Financials 4. Overview of business activities 5. Outlook 2
  2. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 2
    RECENT CORPORATE DEVELOPMENTS Refinancing completed September 2010, USD 191m New discoveries have increased the production by 2000 b/d during the last eight months Blockbuster San Luis will add significant production and reserves…
  3. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 3
    TABLE OF CONTENT 1. Recent corporate developments 2. Company highlights 3. Financials 4. Overview of business activities 5. Outlook 4
  4. April 2011 Investor Presentation – 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, Altair Ghana, Ebony Discovery Area Drilled more than 70 wells…
  5. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 5
    PRODUCTION AND INVESTMENT HISTORY Production increased from 2400 b/d in 2005 to peak level of 8400 b/d in 1Q09 Driven by use of 3D seismic, advanced interpretation and drilling technology Extensive investment program with gross…
  6. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 6
    PRODUCTION AND INVESTMENT OUTLOOK New growth phase with Latin America focus Angola business discontinued Ghana only remaining value Production year-end 2011 of 8500 b/d and 7200 b/d average targeted in 2011 In-fill drilling…
  7. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 7
    TABLE OF CONTENT 1. Recent corporate developments 2. Company highlights 3. Financials 4. Overview of business activities 5. Outlook 8
  8. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 8
    FINANCIAL DATA Figures in MMUSD Q4 2010 Q3 2010 Y 2010 Y 2009 Operating revenue 31.2 25.3 104.8 100.4 Production before royalties in boe 636660 529584 2272370 2729691 Production net royalties in boe 405577 351512 1481306 1811684…
  9. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 9
    DEBT AMORTIZATION Million Debt amortization overview 160 New senior secured bond 140 Citi Colombia 120 Citi Peru 100 Unsecured bonds Senior secured bond 80 60 40 20 0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
  10. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 10
    TABLE OF CONTENT 1. Recent corporate developments 2. Company highlights 3. Financials 4. Overview of business activities 5. Outlook 11
  11. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 11
    PERU FACTSHEET Feb. 11 prod. WI 4926 b/d Reserves P21) 7.2 MMboe Investments 2011 MMUSD 20 Drilling 2011 10 Wells Cost per well MMUSD 1.3 -1.8 Corporate Tax 30% Royalty2) 48% Working Interest 100% San Luis exploration well Block III,…
  12. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 12
    PERU HIGHLIGHTS Discovery of San Luis Field in Block III in Q3 2010 New undepleted structure First well tested 3000 bopd, then choked down to preserve the reservoir and produce today 700 bopd All six wells encountered oil and…
  13. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 13
    BLOCK III: SAN LUIS 2011 DRILLING PLAN 10 wells on San Luis Drilling planned to start May/June 2011 Subject to the final conclusion of the water injector project, an injector will be drilled N 14
  14. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 14
    LICENSE EXTENSION PERU 10 year license extension expected, however uncertain of timing Current licenses expires mid 2013 Application for extension sent to Perupetro InterOil has a first class track record in Peru, having invested…
  15. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 15
    COLOMBIA FACTSHEET Feb. 11 prod. WI 1808 b/d 1) Reserves P2 5.5 MMboe Investments 2011 MMUSD 10 Drilling 2011 6 + 1 Wells Cost per MMUSD 1.2-1.8 / 2) well 1.5-3.0 Corp. tax 33% 3) Royalty 8 - 20% Working Interest 50-90%…
  16. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 16
    COLOMBIA HIGHLIGHTS 6 wells drilled on Mana and Rio Opia during the second half of 2010 All wells encountered oil and are producing Average production per well 100 bopd is lower than expected Spudding of Altair-2 end of March…
  17. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 17
    COLOMBIA: 2011 DRILLING PLAN: 6 WELLS planned 2011 commercial area Potential drilling locations 2012 Potential drilling locations application commerciality 18
  18. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 18
    TABLE OF CONTENT 1. Recent corporate developments 2. Company highlights 3. Financials 4. Overview of business activities 5. Outlook 19
  19. April 2011 Investor Presentation – Interoil Exploration & Production Asa – slide 19
    OPERATIONAL OUTLOOK & SUMMARY Drilling plan 2011: Colombia: 6 appraisal wells in Mana and 1 appraisal well in Altair Peru: 10 appraisal wells in San Luis CAPEX 2011: USD 30 MM Average 2011 production guidance : 7200 b/d 20

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