Table of contents 1. Introduction 2. 1Q 2013 highlights 3. Colombia update 4. Peru update 5. Outlook 2
First quarter 2013 highlights Fairly stable production in both Colombia and Norway, Oslo Peru despite no investments in the quarter Headquarter Working interest production in 1Q13; 956 bbls/d Colombia (down 10% QoQ) 2,774 bbls/d…
High potential portfolio in South America Operated portfolio of two licenses in Colombia Puli-C is the main producing block LLA-47 exploration block in the Llanos Basin targeting farm down to reduce commitments Operated…
On track to deliver on new strategy 1. Reduce operating expenses Minimize corporate overhead Terminate related party consultancy agreements Optimize group operating structure 2. Restructure the balance sheet New capital…
Table of contents 1. Introduction 2. 1Q 2013 Highlights 3. Colombia update 4. Peru update 5. Outlook 6
1Q13 Stable production without investments Figures in USD millions 2012 1Q 2012 4Q 2012 1Q 2013 Daily production down 5% Q/Q, Realized oil price 107 110 105 107 revenues down 10%, as inventory Production (boed after royalty) 3 150 3…
Significantly reduced net debt after refinancing USD 35 million raised through equity issue Net. capitalization 31.03.13 USD million 13th March 2013 Bond (NOK 310m) 51 Bank loan (Colpatria) due 2014 8 Maturity on bond loan and…
P&L summary Natural decline in production and stable oil price P&L 1Q 2012 4Q 2012 1Q 2013 As of 4Q 2012, admin expenses reflect full admin for Amounts in USDm, except where stated otherwise the Group (previously also included in…
Cash flow and balance sheet summary Operating cash flows negative in Q1 due to Cash flow statement 1Q 2012 4Q 2012 1Q 2013 Amounts in USDm, except where stated otherwise USD 13 million improvements in working EBITDA 31,8 14,8 16,2…
Table of contents 1. Introduction 2. 1Q 2013 Highlights 3. Colombia update 4. Peru update 5. Outlook 11
Puli-C: Set for production growth Working Interest Production, boe/day Capex scale-back led to production decline from 2009 1Q 2013 production was down to 956 bbls/day New drilling program starts in May First 12 development…
2013 drilling program First 12 wells to be drilled in 2013: 7 deep Monserrate wells in Mana and Mana South (capex of USD 1.8 million gross per well) 5 shallow Doima wells in Mana North (capex of USD 1.3 million gross per well)…
Strong operating netbacks and cash flow Operating netback per barrel 2) EBITDA and capex for Colombia (incl. Altair) 120 50 45 100 10 8 12 40 28 22 35 80 22 USD per bbl USD million 9 30 60 15 25 7 20 40 12 72 15 32…
Status of exploration blocks Interoil sold the Altair and Cor-6 exploration blocks in Colombia in 1Q 2013 Subject to ANH approval, expected to be completed within July 2013 Interoil continues to pursue farm-out alternatives for the…
Table of contents 1. Introduction 2. 1Q 2013 Highlights 3. Colombia update 4. Peru update 5. Outlook 16
Interoil in Peru: Highlights Interoil has been active in Peru since 2005 Strong track record of production growth and cash flow generation Currently in arbitration proceedings with PeruPetro, to determine whether Interoil has…
Peru Production history 2005-2012 Significant historical declination, but stable Working Interest Production, bbl/day production in recent quarters 4 500 4 000 1Q 2013 production of 2,774 bbl/day (before 3 500 royalty) 3…
USD 40/bbl netback in Peru at current oil price Operating netback per barrel 1) EBITDA and capex for Peru 60 120 50 100 54 54 40 80 53 USD million USD per bbl 30 60 38 49 26 15 13 12 44 20 40 37 36 9 6 10 18…
Table of contents 1. Introduction 2. 1Q 2013 Highlights 3. Colombia update 4. Peru update 5. Outlook 20
Outlook Several strategic initiatives implemented in 1Q 2013 Result of overhead cost reduction program in coming quarters Termination of oil hedge contract in Colombia First results of the drilling program in Colombia upcoming New…
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