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Pareto E&P Independents Conference – Interoil Corporation

Interoil Corporation · Jan 21, 2009 · 33 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
    Nils Trulsvik Company presentation January 2009 Chief Executive Officer Pareto E&P Independents Conference London 21 January 2009
  2. Pareto E&P Independents Conference – Interoil Corporation – slide 2
    AGENDA 1. InterOil In Brief 2. Milestones 3. Financial Data 4. Operational Update, Development & Plans 2009 Peru Colombia Angola Ghana 5. 2009 Outlook 6. Q&As 3
  3. Pareto E&P Independents Conference – Interoil Corporation – slide 3
    INTEROIL IN BRIEF High-growth international independent KEY FACTS exploration and production oil company - listed Listed on the Oslo Stock on the Oslo Stock Exchange - with a strategic Exchange: IOX focus on Latin America and West…
  4. Pareto E&P Independents Conference – Interoil Corporation – slide 4
    INTEROIL IN BRIEF Peru Colombia Group HIGHLIGHTS Production b/d 5790 2546 8336 Drilling of more than 50 wells in Reserves MMboe Peru and 20 in Colombia since 2006 P1 9.9 3.8 13.7 P2 11.8 4.5 16.3 All wells, except four, encountered…
  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
    KEY FINANCIAL FIGURES 2008 2007 2006 All figures in million USD Q3 08 Q2 08 Q1 08 Q4 07 Q3 07 Q2 07 Q1 07 Q4 06 Q3 06 Q2 06 Q1 06 Operating revenues 31.2 29.6 26.8 23 19.2 15.4 11.9 10.7 11.5 10.7 8.4 Production WI 508845 405023…
  7. Pareto E&P Independents Conference – Interoil Corporation – slide 7
    ASSETS IN SOUTH AMERICA WEST AFRICA 8
  8. Pareto E&P Independents Conference – Interoil Corporation – slide 8
    OPERATIONS UPDATE PERU Peruvian assets 9
  9. Pareto E&P Independents Conference – Interoil Corporation – slide 9
    PERU FACTS ONSHORE Current Production WI 7500 b/d Reserves P2 11.8 MMboe Investments 2008 30 MMUSD Drilling 2008 16 Wells Cost per well 0.5 -1.8 MMUSD Corporate Tax 30% Royalty* 49% Working Interest 100% Licences Block III and…
  10. Pareto E&P Independents Conference – Interoil Corporation – slide 10
    PERU HIGHLIGHTS 2008 12 succesful wells drilled in the Mirador area in Block III during the second half of 2008 Huge upside potential for reserves and production 40 km of 3D seismic acquisition will be completed in February 2009…
  11. Pareto E&P Independents Conference – Interoil Corporation – slide 11
    DRILLING 2008 FOCUS IN BLOCK III Drilled Wells 3D Seismic 12
  12. Pareto E&P Independents Conference – Interoil Corporation – slide 12
    MIRADOR POTENTIAL DEVELOPMENT PLAN 13
  13. Pareto E&P Independents Conference – Interoil Corporation – slide 13
    1000 2000 3000 5000 6000 7000 8000 4000 0 jan/06 feb/06 mar/06 apr/06 mai/06 Peru jun/06 jul/06 aug/06 sep/06 okt/06 nov/06 des/06 jan/07 feb/07 PERU PRODUCTION: 2006 - 2009 mar/07 apr/07 mai/07…
  14. Pareto E&P Independents Conference – Interoil Corporation – slide 14
    MIRADOR 15
  15. Pareto E&P Independents Conference – Interoil Corporation – slide 15
    OPERATIONS UPDATE COLOMBIA Colombian assets 16
  16. Pareto E&P Independents Conference – Interoil Corporation – slide 16
    COLOMBIA FACTS ONSHORE Current Production WI 2500 b/d Reserves P2 4.5 MMboe Investments 2008 15 MMUSD Drilling 2008 7 Wells Cost per well 0.5 1.8 MMUSD Corporate Tax 33% Royalty* average 2008 14.4% Working Interest* 50-100% 3D…
  17. Pareto E&P Independents Conference – Interoil Corporation – slide 17
    COLOMBIA HIGHLIGHTS 2008 4 successful production wells drilled on the Mana license Total initial gross production from new Mana wells is more than 1600 b/d 8 wells fracturing campaign increased production by approximately 60%…
  18. Pareto E&P Independents Conference – Interoil Corporation – slide 18
    COLOMBIA 2009 WORK PROGRAM TWT Basement Shallow wells drilled in 2008 (4) MN-6SH Mana Deep wells drilled in 2008 (4) Future production wells (15) MN-19X Ambrosia MN-10SH Toqui Toqui MN-18 MN-27X Mana MN-28X MN-24X…
  19. Pareto E&P Independents Conference – Interoil Corporation – slide 19
    500 1000 2000 2500 3000 1500 0 jan/06 feb/06 mar/06 apr/06 mai/06 jun/06 Colombia jul/06 aug/06 sep/06 okt/06 nov/06 des/06 jan/07 feb/07 mar/07 apr/07 COLOMBIA PRODUCTION: 2006 - 2008 mai/07…
  20. Pareto E&P Independents Conference – Interoil Corporation – slide 20
    ALTAIR EXPLORATION LICENSE IN LlANOS 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 Corporate Tax 33% Royalty 8.5% Working Interest 100%…
  21. Pareto E&P Independents Conference – Interoil Corporation – slide 21
    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 2009 1 well 1 wells Cost…
  22. Pareto E&P Independents Conference – Interoil Corporation – slide 22
    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…
  23. Pareto E&P Independents Conference – Interoil Corporation – slide 23
    ANGOLA BLOCK 5 - LEAD & PROSPECT MAP Block 5 Seismic acquisition completed Q4 2008 Evaluation of 3D seismic ongoing Drilling first well 2009/2010 3D (2008) 24
  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 9,060,000 012 45' 00 E 013 00' 00 E 013 15' 00 E Block 6 MUAMBA-1 Reprocessing Prospects, to PSTM Leads by Company 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 21% 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 MMb Resources* Contingent 25 MMb Resources* 100 bcf Investments 2008 13 MMUSD Appraisal Well 2007 Drilling Q4 2008 1 Well Working Interest 31.5% Major oil…
  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 Interoil ASA Ebony-1 reached a…
  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
    SHORT TERM STRATEGY 2009 Main objective is to improve the balance sheet Conserve Cash Improve Equity Reduce Debt InterOil plans to maintain todays production in Peru and Colombia Strong focus on reducing costs Portfolio…
  30. Pareto E&P Independents Conference – Interoil Corporation – slide 30
    2009 OUTLOOK OPERATION Peak production 2009: 10500 bopd Colombia: 3000 bopd Peru: 7500 bopd Current drilling plan 2009 Colombia: 4 production wells in Mana with a production estimate of 200 bopd per well Peru: 4 - 12…
  31. Pareto E&P Independents Conference – Interoil Corporation – slide 31
    PRODUCTION TARGETS AND CAPEX Production b/d Average Daily Production WI, per year 12000 Average production target of 10000 b/d in 2009 from current concessions in 10000 South America Peru All infrastructure in place 8000…
  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 26.8 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

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