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Q1 2016 Update – Interoil Corporation

Interoil Corporation · May 13, 2016 · 18 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. Q1 2016 Update – Interoil Corporation – slide 1
    Q1 2016 Update For the three months ended March 31, 2016 May 13, 2016
  2. Q1 2016 Update – Interoil Corporation – slide 2
    Highlights PRL 15 operator Total reinforces strong commitment to Papua LNG project Papua LNG Appraisal planned to finish in 2016, FEED in 2017, construction in 2018 Strong commitment from Total Anticipate 10,000 jobs to be…
  3. Q1 2016 Update – Interoil Corporation – slide 3
    Strong commitment to Papua LNG from Total Project gaining momentum 2016 complete appraisal work 2016 plan to complete BOD* 2017 plan to complete FEED** 2018 plan to start construction The National, April 18, 2016 The…
  4. Q1 2016 Update – Interoil Corporation – slide 4
    Appraisal to date InterOils internal assessment Antelope-4 and sidetrack Jan 2016 extended well test shows connection between Antelope-5 and Antelope-6 Side-track intersected top reservoir 118 ft higher than original penetration…
  5. Q1 2016 Update – Interoil Corporation – slide 5
    Volume upside in western flank Pre-drill top reservoir structure map Potential volume upside yet to be defined on the Fault western flank of Antelope. Deep shelf Antelope-7 appraisal would test: Slope Reef - Location of top…
  6. Q1 2016 Update – Interoil Corporation – slide 6
    Consolidated income statement for March 31, 2016 Q1 2016 Quarter ended March 31, Consolidated Operating results Loss of 17.0 million ( thousands, except per share data) 2016 2015 Restructuring costs from deferral Interest revenue 588…
  7. Q1 2016 Update – Interoil Corporation – slide 7
    Financial update: 253m Pro-forma liquidity AT DECEMBER 31, 2015 Q1 MOVEMENT MAR 31, ADDITIONAL Q1 expenditure 2016 FACILITY USm 23m expenditure on drilling 300 and testing Antelope-6 18m other costs include: 250 Papua LNG…
  8. Q1 2016 Update – Interoil Corporation – slide 8
    Summary Total gives strong commitment to Papua LNG project Papua LNG Appraisal planned to finish in 2016, FEED in 2017, Construction in 2018 Strong commitment from Total Positive results from Antelope-4, Antelope-5 and…
  9. Q1 2016 Update – Interoil Corporation – slide 9
    Appendix: Board of Directors Christopher Finlayson is a citizen of the United Kingdom, and is Chairman Ford Nicholson is a Canadian citizen and is the President of Kepis & of our Board. He was the former BG Group Chief Executive…
  10. Q1 2016 Update – Interoil Corporation – slide 10
    Appendix: Board of Directors Sir Rabbie L. Namaliu is a Papua New Guinean citizen and served as Sir Wilson Kamit is a Papua New Guinean citizen and former Governor of Prime Minister of Papua New Guinea from 1988 until 1992. Sir Rabbie…
  11. Q1 2016 Update – Interoil Corporation – slide 11
    Appendix: Board of Directors Katherine Hirschfeld is an Australian citizen and has 20 years with BP in Roger Lewis is an Australian and a successful former senior finance leadership and executive roles in oil refining, logistics,…
  12. Q1 2016 Update – Interoil Corporation – slide 12
    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,…
  13. Q1 2016 Update – Interoil Corporation – slide 13
    Appendix: Oil and Gas in Papua New Guinea PNG gas discoveries found HIGHLANDS in 3 distinct regions PNG has 40 oil and gas discoveries GULF Discoveries in Gulf region Larger gas fields Closer to Port Moresby Lower cost to develop…
  14. Q1 2016 Update – Interoil Corporation – slide 14
    Appendix: Why LNG from PNG is competitive PNG is the lowest cost developer of LNG with low transportation costs 20 18 16 14 12 10 8 PNG 6 4 2 0 Source: LNG breakeven, US/mmBtu, Credit Suisse estimates, February 2016…
  15. Q1 2016 Update – Interoil Corporation – slide 15
    Appendix: Papua LNG Project gaining momentum Entering final stages of appraisal Complete Basis of Design in 2016 and enter FEED in 2017 Construction in 2018 Multi-discipline teams in place Papua LNG proposed site (Total) Site…
  16. Q1 2016 Update – Interoil Corporation – slide 16
    Appendix: Exploration Highly prospective basin; commanding license position Recently acquired seismic and AGG* enhances assessment of prospectivity Emerging oil play warrants additional evaluation Lakekamu 30 prospects and leads Sub-…
  17. Q1 2016 Update – Interoil Corporation – slide 17
    Appendix: InterOils discoveries Bobcat 3.6 Tcfe* Triceratops PPL476 Raptor PRL39 2.4 Tcfe* Elk-Antelope PRL15 Bobcat Raptor PPL475 0.4 Tcfe* Triceratops * Raptor and Bobcat certification by RISC Advisory as of Dec…
  18. Q1 2016 Update – Interoil Corporation – slide 18
    Appendix: Total SA Certification Payment USm 4,000 65 3,500 517 65 3,000 65 517 2,500 517 65 2,000 517 65 65 2,707 First Cargo Payment 517 65m 1,500 65 517 2,145 1,824 FID Payment 517 517m 1,342 1,000 941 821…

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