Business Update LNG development in Papua New Guinea CEO, Dr Michael Hession January 27, 2015 Singapore
InterOil Focused strategy Find hydrocarbons monetize develop. Do it again. Key points 1. 2014 preparing for growth 2. Antelope focus on LNG development planning 3. Strong balance sheet financial discipline 4. Certification…
2014 preparing for growth New management team Multi-billion dollar deal completed with Total SA 526m sale of refinery and downstream business New 300m credit facility New exploration licenses awarded for up to 11 years Five…
Commanding acreage position in Eastern Papuan Basin Commanding position in heart of basin Eastern Papuan Basin is relatively unexplored Triceratops compared to Western Papuan Basin Bobcat Elk InterOil holds material equity across its…
Elk-Antelope: A cost-advantaged project Pnyang Project PNG LNG Elk-Antelope Field PNG LNG Gas Number of fields 7 1 Purari River Distance to Port Moresby 690km 340km Highlands Near Shore Triceratops Field Onshore pipeline…
Appraisal program well advanced 3D Map of Antelope** N Antelope-4 successfully intersected top reservoir Antelope-1 Top reservoir intersected at 1,911 meters TVDSS* Antelope-3 Result reduces risk of steep-dipping southern flank…
Elk-Antelope: development timetable Indicative timeline for LNG development by Total SA (December 2014) Concept selection (Q2 2015), early works (Q3 2016), construction (Q3 2017) Source: Total SA, PNG Mining and Petroleum Conference,…
Planned drilling program 2014 2015 Exploration Well Type Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Discovery declared 1. Bobcat-1 Exploration December 2014 Well suspended due Expected return to Wahoo 2. Wahoo-1 Exploration…
Fully funded with focus on cost Fully funded JUNE 30, 2014 Q3 MOVEMENT SEP 30, 2014 754m liquidity at end of Q3 2014 USm 1,000 Includes undrawn 300m credit facility 900 42 Business streamlined, strong focus on cost 800 56 33…
Next liquidity injection INDICATIVE PAYMENTS TO INTEROIL InterOil signed deal with USm 4,000 Total SA on March 26, 2014 Fixed and contingent 3,500 payments Largest cash proportion 3,000 expected at certification (expected 2H…
Summary First-Class Team Fantastic Assets Focused Funded New and experienced board Commanding position with Develop Elk-Antelope as one Fully funded with 754m and management material equity in highly of the lowest-cost LNG…
Thank You For more information, please contact: michael.lynninteroil.com Senior Vice President, Investor Relations david.wuinteroil.com Vice President, Investor Relations
Appendix
Appendix: LNG demand and contracted supply Market dynamics MTPA Global LNG demand expected to 700 reach nearly 600 MTPA by 2035 Asian LNG demand expected to 600 Global LNG Demand double to 400 MTPA from 2015 to 2035 (70% of…
Appendix: Total SA A global leader in LNG PRL15 Ownership Totals Global LNG Projects Source: Total SA 20