Table of contents 1. Highlights 2. Peru update 3. Colombia update 2
2013 highlights Strong financial performance USD 35 million private placement and debt maturities Norway, Oslo extended bankruptcy avoided Headquarter Corporate overhead savings of USD 10 million p.a. achieved USD 19 million net…
2013 highlights New organization and governance structure New management in Peru and Colombia - increased transparency and operational control Designed new exploration and operation departments in Colombia with strong G&G…
New vision and strategy Interoil shall grow to become one of the strongest E&P companies operating in Colombia and Peru Maintain a strong balance sheet by adopting a disciplined financial philosophy that balances profitability and…
2014 highlights 2014 Colombian development program on-track Targeting production increase of 40% and significantly higher reserves USD 11 mill in net capex, funded by internal cash flows Medium term target to double recovery factor…
Asset portfolio in South America Operated portfolio of four licenses in Colombia Puli-C is the main producing block, (70% working interest, Ecopetrol 30%) LLA-47 exploration block in the Llanos Basin with large upside potential to…
Reserve and resource overview 50 45 - 40 35 30 MMBOE 30 25 20 43 15 10 8 5 2 3 6 - Colombia Colombia Colombia Puli C LLA-47 Total oil 2P gas 2P 2P potential volume 2P/upside indication Colombia 2P reserves of 5,7…
2013 Key figures A 4% lower oil price and 11% fall in production, caused Figures in USD millions 2013 2012 revenues to decline 18% to USD 97 million. Realized oil price 103 107 Production (boed WI after royalty) 4 251 4 799 EBITDA…
Table of contents 1. Highlights 2. Peru update 3. Colombia update 10
Peru update Both blocks operated under a 12 month contract, expiry in April 2015 Working Interest Production, bbl/day Investments to be kept at a minimum 3 500 7,0 Continued production decline to be expected 3 000 6,0 2 500…
Peru update The International Chamber of Commerce (ICC) Arbitral Tribunal dismisses Perupetros claim for alleged financial damages against IOX arising out of the force majeure injunction. Block III 12
Table of contents 1. Highlights 2. Peru update 3. Colombia update 13
2013 Drilling program - Evaluation 2013 Net Oil Production - Puli-C - Colombia 12 well drilling program profitable on all metrics: 1 400 IRR of 50% 1 200 NPV(10%) of USD 10 mill (net, after tax) 1 000 Oil Production, bopd 735…
2014 Development program The 2014 development plan designed to optimize production and reserves growth: Operational activities aimed at reducing decline rates, increasing production and reducing operating expenses The drilling of 2-3…
Production update 2 800 2 600 2 400 2 200 2 000 Gross Oil Gross BOEP 1 800 1 600 1 400 1 200 1 000 1-May-14 16-May-14 31-May-14 15-Jun-14 Production increase in June: Flow optimization project delayed due to…
LLA-47 Exploration license Copas - C3, C5 y C7 Remaches - C5 Mapache - C7/Mirador 9390 BOPD - API 32 to 40 757 BOPD - API 33.9 677 BOPD - API 34 4.3+3.2+3.1 MMBbls 5.1+3.9 MMBbls 2.58 MMBbls Oropendola - C7 Adalia - C5 License…
LLA-47 Interpretation results Seismic processing with encouraging results Several opportunities mapped: 11 opportunities in one Tertiary reservoir 12 opportunities in one Cretaceous reservoir T1 Another 3 possible reservoirs with…
LLA-47 E&P Project timeline License process Phase I ends 3D Seismic acquisition completed. Final volume processing in interpretation G&G Interpretation confirms 2P reserve potential of more than 30 million barrels Timing of…
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