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Q2 2015 Update – Interoil Corporation

Interoil Corporation · Aug 13, 2015 · 24 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. Q2 2015 Update – Interoil Corporation – slide 1
    Q2 2015 Update For the three months ended June 30, 2015 August 13, 2015
  2. Q2 2015 Update – Interoil Corporation – slide 2
    Q2 2015 Overview Papua LNG: Elk-Antelope Current testing underpins confidence that Elk-Antelope can support two-train development Basis of design underway following site selection and operator transition Robust project economics…
  3. Q2 2015 Update – Interoil Corporation – slide 3
    Antelope-5 suggests high quality reef extends west Well targeted western margin of reef Intersected best reefal buildup to date Source: InterOil 5
  4. Q2 2015 Update – Interoil Corporation – slide 4
    Elk-Antelope testing overview Top reservoir Cross section of Elk-Antelope showing producing and listening wells depth map N -1200 Meters below mean sea level -1600 -2000 GWC NORTH SOUTH -2400 Source: InterOil P…
  5. Q2 2015 Update – Interoil Corporation – slide 5
    Antelope-5 test analysis supports two trains Antelope-5 downhole pressure data from deepest gauge 3rd rate Initial pressure of 50 mmscfd Final flow rate Final shut-in pressure 3,536.185 psia* 2nd rate 12 hr flow of 3,536.124 psia*…
  6. Q2 2015 Update – Interoil Corporation – slide 6
    Antelope-1 results consistent with Antelope-5 analysis Antelope-1 average gauge response data to Antelope 5 production (magnified) Ant-1 average gauge response 3,709.70 4,000 20 hrs Antelope-1 detects first change in pressure…
  7. Q2 2015 Update – Interoil Corporation – slide 7
    World-class deliverability Key points Comparison of Antelope and Arun flow rates and pressures Antelope-5 achieved higher 1.E+07 gas rates at lower draw- Readings towards lower right down pressures than any of graph indicate…
  8. Q2 2015 Update – Interoil Corporation – slide 8
    Papua LNG project Site selection for Papua LNG LNG project locations Central processing facility near Purari River, Gulf Storage Flare tanks Province 340km pipeline corridor 75km onshore, 265km offshore LNG plant at Caution Bay…
  9. Q2 2015 Update – Interoil Corporation – slide 9
    Papua LNG economics 25% % Project IRR 20% 15% 10% 5% 0% * * * * * * * * * 17 FOB Breakeven (US/mmBtu) 15 13 11 9 7 5 3 * * * * * * * * * Source: Wood Mackenzie * Denotes import terminals being converted…
  10. Q2 2015 Update – Interoil Corporation – slide 10
    Triceratops-3 (PRL39) Commitment well targeting large carbonate build-up with tie-back potential InterOil has 69.1% interest in Triceratops-3 Positive indications with gas in carbonate reservoir target 13m of core recovered Total…
  11. Q2 2015 Update – Interoil Corporation – slide 11
    Wahoo-1 sidetrack (PPL474) Wahoo was designed to test whether successful PRL15 trend extends 170km south-east Wahoo-1 suspended July 2014 and re-entered for sidetrack June 2015 Well being plugged and abandoned after sidetrack…
  12. Q2 2015 Update – Interoil Corporation – slide 12
    Consolidated income statement for Q2 2015 Focus on financial Quarter ended June 30, Six months ended June 30, Consolidated Operating results discipline ( thousands) 2015 2014 2015 2014 Streamlining Interest revenue (14,276) 8,353…
  13. Q2 2015 Update – Interoil Corporation – slide 13
    Financial update: 540m liquidity AT MARCH 31, 2015 Q2 MOVEMENT JUN 30, 2015 Q2 expenditure USm 65m expenditure on: 1,000 Wahoo-1 sidetrack Antelope-4 900 Antelope-5 Antelope-6 800 preparation 700 Triceratops-3 32 600 65 18…
  14. Q2 2015 Update – Interoil Corporation – slide 14
    Summary solid progress Elk-Antelope appraisal progressing well Sufficient gas for two trains Site selection complete Building shareholder Basis of design underway value Total now operator of PRL15 Robust Papua LNG economics…
  15. Q2 2015 Update – Interoil Corporation – slide 15
    Appendix 17
  16. Q2 2015 Update – Interoil Corporation – slide 16
    Appendix: Leadership team CEO COO CFO GENERAL COUNSEL MICHAEL HESSION JON OZTURGUT DON SPECTOR SHEREE FORD 30 yrs experience 30 yrs experience 30 yrs experience 25 yrs experience Mega-projects, emerging provinces M&A, strategy,…
  17. Q2 2015 Update – Interoil Corporation – slide 17
    Appendix: Board of Directors CHAIRMAN DEPUTY CHAIRMAN CEO AND DIRECTOR DIRECTOR EVP PNG AND DIRECTOR CHRIS FINLAYSON FORD NICHOLSON MICHAEL HESSION SIR RABBIE NAMALIU ISIKELI TAUREKA 30 yrs experience 30 yrs in international oil,…
  18. Q2 2015 Update – Interoil Corporation – slide 18
    Appendix: Indicative two-train project cash flow and share price US PNG LNG is 2 x 3.4mtpa Development Production LNG project that generates 4bn* in cash each year for 20 years Based on this, a two- train LNG Elk-Antelope…
  19. Q2 2015 Update – Interoil Corporation – slide 19
    Appendix: Certification payment expected mid-2016 INDICATIVE PAYMENTS TO INTEROIL FROM TOTAL SA Certification process to USm 4,000 take 4-6 months on completion of appraisal 3.5bn 3,500 drilling 517 Certification payment 3,000…
  20. Q2 2015 Update – Interoil Corporation – slide 20
    Appendix: PNG close to worlds largest LNG buyers Global LNG demand expected to outstrip supply by early 2020s Largest LNG markets are close to PNG MTPA…
  21. Q2 2015 Update – Interoil Corporation – slide 21
    Appendix: China Fastest growing gas market globally Increasing Growing uncontracted LNG Demand LNG imports Rising Middle Class LNG Demand (2000 - 2030) Contracted LNG Import Outlook By 2030, 70% of Chinas projected population…
  22. Q2 2015 Update – Interoil Corporation – slide 22
    Appendix: Japan Worlds largest LNG market Nuclear generation remains Excess regas capacity 2x of imports unclear post-Fukushima Additional Hokkaido 1,293 mmcfd R Japan court blocked starting of capacity 2 nuclear reactors in…
  23. Q2 2015 Update – Interoil Corporation – slide 23
    Appendix: PNG LNG project Project Owners 0.2% 4.7% 2.8% ExxonMobil Oil Search 13.5% 33.2% NPCP Santos 16.6% JX Nippon MRDC 29.0% Petromin Major Customers (6.9 mtpa) 4.3% 17.8% 29.7% Sinopec TEPCO 30-Year 2 Trains…
  24. Q2 2015 Update – Interoil Corporation – slide 24
    Thank You For more information, please contact: michael.lynninteroil.com Senior Vice President, Investor Relations david.wuinteroil.com Vice President, Investor Relations

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