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Q3 2015 Update – Interoil Corporation

Interoil Corporation · Nov 13, 2015 · 20 slides

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Slides

  1. Q3 2015 Update – Interoil Corporation – slide 1
    Q3 2015 Update For the three months ended September 30, 2015 November 13, 2015
  2. Q3 2015 Update – Interoil Corporation – slide 2
    Q3 2015 Overview OUR STRATEGY TO 9BN 2 InterOils stake in Papua LNG potentially worth 9bn by first gas BILLION Project funding from Total certification + FID payments and project financing WHY LNG FROM PNG Papua New Guinea…
  3. Q3 2015 Update – Interoil Corporation – slide 3
    Two world-class LNG projects in Papua New Guinea * ** *Wood Mackenzie and analysts estimates ** Cost per tonnes excludes condensate 5
  4. Q3 2015 Update – Interoil Corporation – slide 4
    Our strategy to US9bn Growth strategy 2 BILLION InterOils Enterprise Value Project Value to InterOil Today First Gas Project funding * * * Source: Analyst assumption of 16bn total capex *Qualified reserves auditors…
  5. Q3 2015 Update – Interoil Corporation – slide 5
    Why is LNG from PNG so attractive 1. Low Cost 2. High Return Source: Wood Mackenzie, cost to Japan with 10% return (/mmbtu) Source: Wood Mackenzie, unlevered IRR, Levered IRR assuming 70% project financing implies 22% IRR 7
  6. Q3 2015 Update – Interoil Corporation – slide 6
    High-quality Asian buyers securing supply for 2020s Global LNG demand and supply balance MTPA 700 Papua LNG expected first gas 600 500 400 Current oversupply is short term 300 200 Source: Post Courier, 16 October 2015 100 Jul…
  7. Q3 2015 Update – Interoil Corporation – slide 7
    Papua LNG update Site selection for Papua LNG Central processing facility near Purari River 340km pipeline corridor (75km onshore, 265km offshore) LNG plant at Caution Bay, next to PNG LNG Work in progress Basis of design Site…
  8. Q3 2015 Update – Interoil Corporation – slide 8
    Antelope-4 sidetrack-1 Well at total depth Antelope field core analysis plot 10000 Primary objective: establish vertical extent of high- quality reservoir in Antelope-4 Readings towards 1000 top right of graph indicate better…
  9. Q3 2015 Update – Interoil Corporation – slide 9
    Antelope-6 to test eastern flank Key points Primary objective: Provide structural control and reservoir definition on eastern flank of field High Artic Rig 115 on site for set up Well due to spud December 2015 Preparations…
  10. Q3 2015 Update – Interoil Corporation – slide 10
    Triceratops-3 (PRL 39) Successful flow test Triceratops-3 flowed at rate of 17.1 MMSCFD and averaged 200 bpd of condensate Stabilized flow rates obtained over several five-hour intervals through 72/64 choke (tubing constrained)…
  11. Q3 2015 Update – Interoil Corporation – slide 11
    Material interest in discoveries 36.5% Bobcat PPL 476 Elk-Antelope Triceratops PRL 39 78.8% Bobcat Elk-Antelope PRL 15 78.1% Raptor PPL 475 Triceratops 79.1% Raptor Interests are pre-government back-in.…
  12. Q3 2015 Update – Interoil Corporation – slide 12
    Consolidated income statement for Q3 2015 Quarter ended Nine months ended Consolidated Operating results September 30, September 30, ( thousands, except per share data) 2015 2014 2015 2014 Interest revenue 11,244 8,799 8,380 17,205…
  13. Q3 2015 Update – Interoil Corporation – slide 13
    473m available liquidity as of Sept 30, 2015 AT JUNE 30, 2015 Q3 MOVEMENT SEP 30, 2015 Q3 expenditure USm 67m drilling costs: Wahoo-1 sidetrack 1,000 Antelope-4 sidetrack Antelope-5 900 Antelope-6 preparation Triceratops-3…
  14. Q3 2015 Update – Interoil Corporation – slide 14
    2016 indicative work program and budget Fully focused on Elk-Antelope certification payment in 2016 Total SA now operator at PRL 15 First-term license commitments for PPL 474, PPL 475 and PPL 476 fulfilled Business streamlined to…
  15. Q3 2015 Update – Interoil Corporation – slide 15
    Summary and outlook for 2016 PNG emerging as premier LNG supplier PNG now home to two world-class LNG projects Low cost, high returns and close proximity to premium markets Increasing interest in PNG from corporates and governments…
  16. Q3 2015 Update – Interoil Corporation – slide 16
    Appendix 18
  17. Q3 2015 Update – Interoil Corporation – slide 17
    Appendix: Leadership Team CEO CCO 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,…
  18. Q3 2015 Update – Interoil Corporation – slide 18
    Appendix: Board of Directors CHAIRMAN DEPUTY CHAIRMAN CEO AND DIRECTOR DIRECTOR EXECUTIVE DIRECTOR PNG CHRIS FINLAYSON FORD NICHOLSON MICHAEL HESSION SIR RABBIE NAMALIU ISIKELI TAUREKA 30 yrs experience 30 yrs in international…
  19. Q3 2015 Update – Interoil Corporation – slide 19
    Appendix: Certification payment INDICATIVE PAYMENTS TO INTEROIL FROM TOTAL SA USm 4,000 3.5bn 3,500 517 3,000 2.8bn 2,500 517 517 517 2,000 1.8bn 1.6bn 517 First Cargo Payment 517 2,480 65m 1,500 517 FID Payment 517…
  20. Q3 2015 Update – Interoil Corporation – slide 20
    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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