INVESTOR PRESENTATION ENERGY FOR THE ASIAN MARKET April 2014 Page 1
MESSAGE FROM THE CEO Dr. Michael Hession THE PATH TO WORLD CLASS Our vision is to be a world-class company developing world-class resources with world-class people who have a passion for working together, doing good work and making…
INTEROIL CORPORATION Contents SECTIONS Page APPENDICES INTEROIL SNAPSHOT 4 KEY FINANCIAL STATEMENTS 16 CLEAR STRATEGY TO GROWTH 5 BALANCE SHEET & LIQUIDITY 17 THE NEW TEAM 18 OPERATIONS OVERVIEW 6 FINANCIALS 7 DEVELOPMENT…
INTEROIL SNAPSHOT One of the largest independent oil and gas companies in Papua New Guinea LISTING REVENUE LNG DEVELOPMENT US3 billion US1.4 billion ELK-ANTELOPE Market Capitalization 2013 Major Gas Discovery (NYSE:IOC)…
STRATEGY Clear strategy to growth OPERATIONS DEVELOPMENT GROWTH 1. STABILIZE 2. MONETIZE 3. SECURE Our operations Our resources Our future exploration Record US1.4bn New joint venture New exploration revenue in 2013 licenses…
1. OPERATIONS OVERVIEW Operator of PNGs only refinery and largest fuel distributor OPERATIONS PNGs only refinery and largest network of downstream petrol stations Current refinery production: 28,000 barrels a day 100% of PNG…
1. OPERATING FINANCIALS FULL YEAR 2013 A major contributor to PNGs economic growth powerful and credible brand TOTAL VOLUME SOLD REFINERY THROUGHPUT DOWNSTREAM SALES 9.4m barrels 27,999 bpd 738m liters +11% year-on-year +14%…
2. DEVELOPMENT PRL15 One of the largest gas discoveries in Asia in the last 20 years DEVELOPMENT PRL15 contains Elk- Antelope, PNGs largest undeveloped gas field World-class hydrocarbon resource PRL15 also contains Antelope…
2. DEVELOPMENT MONETIZING PRL15 Forming a strong JV that will monetize PRL15 and bring gas to market STABILIZE MONETIZE SECURE STRONG JV MATERIAL STAKE GAS TO MARKET Global and local Cash proceeds retained Secures growth…
2. DEVELOPMENT - TRANSACTION DETAILS Sell-down to Total SA closed on March 26, 2014 Notes: Gross Net(1) InterOil 35.5% 27.5% (1) Assumes the Papua New Guinea Government and PRL15 interest Total 40.1% 31.1% landholders in PRL15…
2. DEVELOPMENT - PAYMENTS Fixed and uncapped upside 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 4 million acres aggressive drilling campaign of up to 8 wells in 2014-15 NOTES: APPRAISAL WELLS EXPLORATION WELLS Well locations shown for Appraisal Well Triceratops-3 Exploration Well Bobcat-1 illustrative…
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 successes out of 6 prospects Wahoo -…
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…
APPENDICES Page 15
APPENDIX: KEY FINANCIAL STATEMENTS Summary of key financial statements for last eight quarters Quarters ended 2013 2012 ( thousands except per share data) Dec-31 Sep-30 Jun-30 Mar-31 Dec-31 Sep-30 Jun-30 Mar-31 Upstream 1,731 1,918…
APPENDIX: BALANCE SHEET & LIQUIDITY As at December 31, 2013 TOTAL ASSETS Funds Withdrawn and Available as at December 31, 2013 (USm) 500 Mr. Donald Spector 450 Chief Financial Officer US1,306m 400 350 133 2012: US1,303m 300…
APPENDIX: THE NEW TEAM World-class team to lead InterOil in next growth phase Dr Michael Hession Chief Executive Officer and Board Member 25 years of international experience, primarily with BP, in exploration and development in North…
Exploration LNG Development Refinery Downstream For more information, please contact: Don.spectorinteroil.com Chief Financial Officer
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