CONTENTS & FORWARD LOOKING STATEMENTS ENERGY FOR THE ASIAN MARKET PRL15 MONETIZATION SINGAPORE March 26, 2014 Completion of interest sell-down in PRL15 to Total SA. Page 1
INTEROIL TODAY Three horizons to our growth strategy OPERATIONS DEVELOPMENT GROWTH 1. STABILIZE 2. MONETIZE 3. SECURE Our operations Our resources Our future exploration Record output World-class resource New exploration…
1. OPERATIONS Operator of PNGs only refinery and largest fuel distributor OPERATIONS 2012 sales: 8.5 million barrels Current refinery production: 26,000 barrels a day 100% of PNG jet fuel; 90% of PNG petrol 56 service…
2. DEVELOPMENT PRL15 DEVELOPMENT Elk-Antelope (PRL 15): PNGs largest undeveloped gas field World-class hydrocarbon resource One of the largest discoveries in Asia in the past 20 years Page 5
2. DEVELOPMENT SELL DOWN TO TOTAL Strategic Rationale STABILIZE MONETIZE SECURE STRONG JV MATERIAL STAKE GAS TO MARKET Global and local Cash proceeds retained Secures growth experience JV combines PNGs 2nd largest owner of…
2. DEVELOPMENT - TRANSACTION DETAILS Summary Notes: Gross Net(1) (1) Assumes the Papua New InterOil 35.5% 27.5% Guinea Government and PRL15 interest Total 40.1% 31.1% landholders in PRL15 exercise their rights under Oil Search…
2. DEVELOPMENT - MONETIZATION Fixed and variable payments pending resource appraisal INDICATIVE PAYMENTS AND DEAL MULTIPLE Various 4,000 1.2 Deal Proceeds Price To 3.5bn (US/mcfe) 3,500 InterOil 1 0.96 USm US/mcfe 0.89 3,000…
3. GROWTH New licenses over 16,000sqkm (4 million acres) GROWTH Strong exploration portfolio Raptor-1 Spudding expected early 4 PPLs covering 16,000 Q2 14 sqkm (4 million acres) Aggressive drilling program 4 exploration…
3. GROWTH Multiple leads and prospects to tie-back for Elk-Antelope GEOLOGY SIGNIFICANT POTENTIAL ALONG THREE MAJOR STRUCTURAL TRENDS 3 trends Trend 1 Bobcat-1 With 3 discoveries Trend 2 3 of 6 prospects on outer trend successful…
NEXT STEPS Clear strategy to growth OPERATIONS DEVELOPMENT GROWTH 1. STABILIZE 2. MONETIZE 3. SECURE Business and financial Leverage partnerships to An investable stock with efficiency develop resources transparent value…
THANK YOU Antelope 2 - Production test (2009) Dr. Michael Hession Chief Executive Officer For more information, please contact: Don.spectorinteroil.com Chief Financial Officer Page 12