InterOil Corporation Macquarie Oil & Gas Explorers Conference, London Dr Michael Hession, Chief Executive Officer 13 January 2014
Key points Premium market, premium prices, premium resource Simple strategy for growth Investable stock based on transparent value 2
Premium market Asias rising middle class Europe North America Middle East and North Africa Asia Pacific 100m 500m Central and South America 1bn Sub Saharan Africa 2030 Global Middle Class 2009 Global…
Premium prices Landed LNG prices* Source: FERC, Market Oversight, Waterborne Energy Inc *Estimated /Mmbtu, February 2013 4
Premium resource Elk-Antelope multi-tcf field 5
Strategy Value Horizon 3 Future Growth Aggressive exploration Horizon 2 Developing Growth Gas project with world-class partner Horizon 1 Operating Growth Efficient business and financially stable Time 6
Operating growth 7
Developing growth What Total means for InterOil Material equity stake in a fully integrated LNG project Experienced and world-class LNG partner Guaranteed fixed payments based on appraised resource Transaction positions…
Future growth Bob Cat 1 Antelope 4 Triceratops Elk-Antelope Raptor 1 Wahoo 1 See supplementary slides for licence status and work program 9
Total deal IOC now a transparent and investable stock that can be valued. Key issues for investors: Volume Minority interests Price Payments schedule InterOil-Total SPA http://www.sedar.com/search/search_en.htm…
Summary Efficient business and financially stable Gas project with world-class partner Aggressive exploration program First-class team 11
Supplementary slides Permit status and work program 12
PRL15 Elk-Antelope discovery Drilling Total S.A. to fund Appraisal Up to 3 wells in 2014 Antelope-4 Exploration 1 well in 2014 Seismic 107km 2D Antelope Deep 55km 2D Antelope Due to complete Q2 2014 13
APRL39 Triceratops discovery Retention licence approved 54km 2D completed 2013 Well planned 2014 Triceratops 2 well test (2012) 14
PPL 236 Wahoo prospect Wahoo1 camp Wahoo 1 spud Q1 2014 Rig being mobilized to site Wahoo1 rig pad 15
PPL 237 Raptor prospect Raptor 1 rig pad Raptor 1 spud Q1 2014 Rig being mobilised to site Raptor 1 equipment assembly 16
PPL 238 Bob Cat prospect Bob Cat 1 camp Bob Cat 1 spud Q1 2014 Rig being mobilized to site 89km 2D completed 2014 Bob Cat 1 rig pad 17
Resource Trend Triceratops-Bob Cat-Jaguar-Elk-Antelope-Antelope Deep Antelope Deep 18
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