Exploration Cracking the code in the Eastern Papuan Basin 13th PNG Mining & Petroleum Investment Conference Sydney, Australia 3rd December 2014
Laurie Brown 32 years as exploration geoscientist 17 years with BP Former Shell global consultant Focused on proving up emerging basins around the world Raptor-1
Overview New emerging basin Cracking the code Current drilling program Looking ahead Elk-Antelope, PNGs largest Four components together Exploration & appraisal InterOil prospect inventory discovery, has put the are critical for…
New emerging basin Eastern and Western Papuan basins on trend but with different geology and Fields petroleum systems The Western Papuan Basin has been relatively heavily explored (280 wells) with discoveries including Hides,…
New emerging basin: the geology 4 Key Components Schematic Cross-section through the Eastern Papuan Basin Source Rock: Generates the hydrocarbons Reservoir: Stores the hydrocarbons Seal or Cap Rock: Keeps the hydrocarbons…
Unlocking the code: InterOils acreage Elk-Antelope in PRL15 is Licence Acreage IOC Stake (Acres) % (Gross) PNGs largest undeveloped gas PPL477 PRL 15 188,675 36.5% discovery PRL 39 188,877 69.1% PRL39 SEEPAGE PRL15 PRL15 sits…
Unlocking the code: airborne gravity Early regional reconnaissance exploration used airborne gravity Elk-Antelope anomaly Bobcat anomaly Triceratops anomaly Low cost non-invasive initial exploration tool Puri-Raptor-Duck Bill…
Unlocking the code: seismic Seismic confirms gravity anomalies, identifies drilling locations, and maps potential volume IOC acquired seismic surveys pre-2013 The key pre-drill risk reduction tool in Eastern Papuan Basin firms up…
Unlocking the code: interpretation A02IOL09 Choice 2013 Seismic the most powerful pre-drill risk reduction tool 2013 reprocessing now used for Elk-Antelope appraisal key to cracking the code Antelope Trend Defines scale of…
Current drilling program focuses on three trends Core sub-set area around Antelope Significant tie- back potential around Elk-Antelope Three trends identified At least 11 structures - 4 discoveries drilled to date Raptor-1…
Looking ahead: drilling program 40 potential targets identified Elk-Antelope Field Triceratops 36.5% Equity Interest Antelope-4 Spudded Field Antelope-5 exp. Q4 2014 69.1% Equity Interest Exp Spud. 2015 Ongoing seismic acquisition…
Looking ahead: seismic & AGG program 2014 Murua Seismic Survey Start: Q4 2014 End: Q3 2015 (3 Phases) Target: Gravity anomalies Potential to be significantly expanded Airborne Gravity Gradiometry (AGG) Survey Coverage of entire…
Summary Geology Unlocking the code Strategy Antelope may not be alone Two major petroleum basins in InterOil has 1,500km of PNG the Eastern and seismic and gravity imaging Exploration success to be Western Papuan Basins over 95%…
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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