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Pareto E&P Independents Conference – Interoil Corporation

Interoil Corporation · Sep 3, 2009 · 39 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. Pareto E&P Independents Conference – Interoil Corporation – slide 1
    Company Presentation Nils N. Trulsvik Pareto Oil and Offshore Conference Chief Executive Officer Oslo, 3 September 2009
  2. Pareto E&P Independents Conference – Interoil Corporation – slide 2
    AGENDA 1. InterOil In Brief 2. Financial Data 3. Operational Development & Plans 2009 Peru Colombia Angola Ghana 4. 2009 Outlook 5. Q&As 3
  3. Pareto E&P Independents Conference – Interoil Corporation – slide 3
    INTEROIL IN BRIEF High-growth international independent exploration KEY FACTS and production oil company - listed on the Oslo Listed on the Oslo Stock Stock Exchange - with a strategic focus on Latin Exchange: IOX America and West…
  4. Pareto E&P Independents Conference – Interoil Corporation – slide 4
    INTEROIL IN BRIEF Peru Colombia Group HIGHLIGHTS Production boe/day 5609 1962 7571 Drilling of more than 50 wells in Reserves Mmboe Peru and 20 in Colombia since 2006 P1 12.4 5.4 17.8 P2 13.2 6.7 19.9 All wells, except four,…
  5. Pareto E&P Independents Conference – Interoil Corporation – slide 5
    MILESTONES 1 START 2 LISTING 3 ACQUISITION 4 SIGNING 5 SIGNING Acquisition Oslo Stock Proseis AG Blocks 5 & 6 Farm-out producing assets Exchange Switzerland offshore Angola with Tullow in Peru & Oil, Ghana Colombia September 2005…
  6. Pareto E&P Independents Conference – Interoil Corporation – slide 6
    RESERVE GROWTH IN 2008 2P reserves of 19.9 million barrels as per 31 December 2008 Colombia 2P reserves increased by 25% since Peru last year Reserve replacement ratio of 300% for 2P reserves Substantial investments in 2008…
  7. Pareto E&P Independents Conference – Interoil Corporation – slide 7
    KEY FINANCIAL FIGURES Figures in USD millions Q2 2009 Q2 2008 H1 2009 FY 2008 FY 2007 Production, before royalties (bbls) 688911 405023 1453851 2053778 1525176 Production, net of royalties (bbls) 444285 257325 976210 1318487 999352 Sales…
  8. Pareto E&P Independents Conference – Interoil Corporation – slide 8
    STATUS BONDHOLDERS On June 15, 2009, InterOil entered into a stand-still agreement with major bondholders representing 2/3rds of the USD 115 million bond On August 13, 2009, InterOil engaged Macquarie Capital Advisors and…
  9. Pareto E&P Independents Conference – Interoil Corporation – slide 9
    ASSETS IN SOUTH AMERICA WEST AFRICA 10
  10. Pareto E&P Independents Conference – Interoil Corporation – slide 10
    LATIN AMERICAN ASSETS 11
  11. Pareto E&P Independents Conference – Interoil Corporation – slide 11
    PERU FACTS ONSHORE Current Production WI 4800 b/d Reserves P2 13.2 Mmboe Investments 2009 11 MMUSD Drilling 2009 3 Wells Cost per well 0.5 -1.8 MMUSD Corporate Tax 30% Royalty* 44% Working Interest 100% Licences Block III and…
  12. Pareto E&P Independents Conference – Interoil Corporation – slide 12
    MIRADOR POTENTIAL DEVELOPMENT PLAN Drilled Wells 3000 bopd 3D Seismic completed Potential new wells to be drilled 40 13
  13. Pareto E&P Independents Conference – Interoil Corporation – slide 13
    STRUCTURAL DEPTH MAP BASE 14
  14. Pareto E&P Independents Conference – Interoil Corporation – slide 14
    PERU NORTHWEST PRODUCTION AT MAY 2009 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…
  15. Pareto E&P Independents Conference – Interoil Corporation – slide 15
    COLOMBIA FACTS ONSHORE Current Production WI 1900 b/d Reserves P2 6.7 Mmboe Investments 2009 13 MMUSD Drilling 2009 5 Wells Cost per well 0.5 1.8 MMUSD Corporate Tax 33% Royalty* average 2008 13.1% Plant near Piedras Working Interest*…
  16. Pareto E&P Independents Conference – Interoil Corporation – slide 16
    DEVELOPMENT PROGRAM 2009 MN-30 MN-30 17
  17. Pareto E&P Independents Conference – Interoil Corporation – slide 17
    MANA RO OPIA APPRAISAL & DEVELOPMENT TWT Basement MN-6SH Mana Shallow wells drilled in 2008 (4) Deep wells drilled in 2008 (4) Deep wells planned (10) Currently selected for 2009 (5) MN-19X Ambrosia MN-10SH Toqui Toqui…
  18. Pareto E&P Independents Conference – Interoil Corporation – slide 18
    PULI C EXPLORATION POTENTIAL 2 km remaining prospectivity Ambrosia Mana-N Toqui ChicoralToqui Toqui Mana-S Escondido RoOpia M Mana S th South Mana West TWT map top Basement
  19. Pareto E&P Independents Conference – Interoil Corporation – slide 19
    ALTAIR EXPLORATION LICENSE IN LANOS BASIN Exploration Block Altair Prospective 27 MMb Resources 1st Investment Phase 18 Months starts Nov. 08 3D Seismic 1 well Cost per well 4 MMUSD Llianos savannah Corporate Tax 33% Royalty 8.5%…
  20. Pareto E&P Independents Conference – Interoil Corporation – slide 20
    ANGOLA - FACTS 2008 - OFFSHORE Exploration Block 5 Block 6 Prospective 450 MMb 600 MMb Resources* Contingent 27 MMb 16 MMb Resources* Investments 1st 27 MMUSD 23 MMUSD Phase, 4 Years (InterOils share) Drilling 2 wells 2 wells 2009/2010…
  21. Pareto E&P Independents Conference – Interoil Corporation – slide 21
    PRE-SALT PLAY: POTENTIAL IN BLOCKS 5 & 6 ANGOLA Sedimentary basins along the South American and African continental margin Some 200 million years ago, South America started to drift Stratigraphy: away from Africa and sedi- mentary…
  22. Pareto E&P Independents Conference – Interoil Corporation – slide 22
    ANGOLA BLOCK 5 - LEAD & PROSPECT MAP Block 5 Seismic acquisition completed Q4 2008 Evaluation of 3D seismic ongoing Drilling first well 2010 3D (2008) 23
  23. Pareto E&P Independents Conference – Interoil Corporation – slide 23
    ANGOLA BLOCK 5 2008 3D CATUMBELA DEPTH MAP N Newly shot 3D-seismic was received as a fast track volume in March 2009 This seismic was interpreted and a number of prospects were identified Evaluation of these prospects…
  24. Pareto E&P Independents Conference – Interoil Corporation – slide 24
    Block 18 Lonzo-1 Block 19 ANGOLA BLOCK 6 - LEAD & PROSPECT MAP MUBAFO-1 PAKUBALU-1 Mavunga-1 012 45' 00 E 013 00' 00 E 013 15' 00 E 9,060,000 Block 6 MUAMBA-1 Prospects, Leads by Company Reprocessing to PSTM finalized…
  25. Pareto E&P Independents Conference – Interoil Corporation – slide 25
    ANGOLA CABINDA NORTH - ONSHORE Exploration Cabinda North Prospective 300 MMb Resources* Contingent 53 MMb Resources* Acquisition cost 33 MMUSD Drilling 2010 3 Wells Working Interest 11% Surface 2400 km2 Operator Sonangol 20%…
  26. Pareto E&P Independents Conference – Interoil Corporation – slide 26
    GHANA TANO SHALLOW - OFFSHORE Exploration Tano Shallow Prospective 50 Mmboe Resources* Contingent 25 Mmboe Resources* 100 bcf Investments 2009 2 MUSD Drilling Q4 2008 1 Well Working Interest 31.5% Adriatic VI, 300 Foot…
  27. Pareto E&P Independents Conference – Interoil Corporation – slide 27
    TANO SHALLOW EBONY-1 DISCOVERY Ebony-1 is the second commitment well in this licence The Ebony-1 exploration well intersected two hydrocarbon bearing intervals in Late Cretaceous turbidite sands Ebony-1 reached a total depth of…
  28. Pareto E&P Independents Conference – Interoil Corporation – slide 28
    EBONY-1 FUTURE APPRAISAL WORK Isochron of up dip portion of Turonian Fan Log and sample data from the high- pressure gas-condensate sands and regional seismic interpretation shows the sand belong to a Turonian Fan system Ebony-1…
  29. Pareto E&P Independents Conference – Interoil Corporation – slide 29
    AGENDA 1. InterOil In Brief 2. Financial Data 3. Operational Development & Plans 2009 Peru Colombia Angola Ghana 4. 2009 Outlook 5. Q&As 30
  30. Pareto E&P Independents Conference – Interoil Corporation – slide 30
    OPERATIONAL OUTLOOK & SUMMARY Production guidance 2009: 8000 boe/day Colombia: 2100 boe/day Peru: 5900 boe/day Current drilling plan 2009 Colombia: 5 production wells in Mana Production estimate of 200 boe/day per well Peru: 3…
  31. Pareto E&P Independents Conference – Interoil Corporation – slide 31
    UPDATE ON PRODUCTION GUIDANCE AND CAPEX Production Target of 8000 boe/day in 2009 from current boe/day Average Daily Production WI, per year concessions in Latin America 16000 Production Latin America All infrastructure in place…
  32. Pareto E&P Independents Conference – Interoil Corporation – slide 32
    INVESTMENT SUMMARY Norway-based E&P company with focus on Latin-America and West-Africa Producing assets in Peru and Colombia P1+P2 reserves 30.6 MMb1) Discoveries and exploration opportunities in Angola and Ghana Significant…
  33. Pareto E&P Independents Conference – Interoil Corporation – slide 33
    INTEROIL E&P ASA STRANDVEIEN 50 N-1366 LYSAKER NORWAY T +47 6751 8650 F +47 6751 8660 Q&A - Thank you for your attention INFOINTEROIL.NO WWW.INTEROIL.NO VISIT US 34
  34. Pareto E&P Independents Conference – Interoil Corporation – slide 34
    CORPORATE INFORMATION BOARD Auditor Ernst & Young MRTEN RD Chairman GIAN ANGELO PERRUCCI Lawyers Wiersholm, Gloor & Sieger President Thor Hkstad Director Bankers DnB NOR, Zrcher Kantonalbank BERIT KJLL Director Analysts Thomas…
  35. Pareto E&P Independents Conference – Interoil Corporation – slide 35
    MAIN SHAREHOLDERS Shares Own. Ship Shareholder Acc. type Citizen Insider 5 635 000 25,8 % EKSPORTC ONSULT AS NOR Mrten Rd 4 460 000 20,4 % RAKILA PROPERTIES LI C YP G. A. Perrucci 1 444 100 6,6 % JPMORGAN C LEARING C O A/C C LEARING…
  36. Pareto E&P Independents Conference – Interoil Corporation – slide 36
    SHARE PERFORMANCE SHARE DATA Listing OSE, Ticker IOX Number of Shares 21.8 Mill Share price NOK 10.00 52 week high NOK 21.6 52 week low NOK 7.5 Average daily volume 18000 Investors Presentation
  37. Pareto E&P Independents Conference – Interoil Corporation – slide 37
    MANAGEMENT STRUCTURE PEOPLE Excellent network and experience in board and management Proven track record +30 years in South America and West Africa Local management with country managers No expats Fast decision making
  38. Pareto E&P Independents Conference – Interoil Corporation – slide 38
    GROUP STRUCTURE COMPANYS INTEROIL EXPLORATION & PRODUCTION ASA (Norway) Tax optimised holding structure INTEROIL E&P INTEROIL E&P INTEROIL INTEROIL INTEROIL E&P INTEROIL E&P All companies are 100% GHANA AS LATIN AMERICA AS…
  39. Pareto E&P Independents Conference – Interoil Corporation – slide 39
    DEBT OVERVIEW Loan Amount Terms Duration Description 5 year senior 115 MUSD** 3 month Libor May 2007-2012 security in shares of secured bond loan* + 4.5%*** all subsidiaries 3 year senior 100 MNOK 12.5% fixed March 2007-2010 -…

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