Interoil Exploration And Production Asa · OSL:IOX
Interoil Exploration And Production Asa — Investor Presentation (April 2021)
13 slides from Interoil Exploration And Production Asa's investor presentation, Apr 6, 2021
Slide 1: Investor Webinar
Investor Webinar Leandro Carbone, CEO 6 April 2021 1
Slide 2: Interoil at a glance
Interoil at a glance Norwegian E&P company listed at the Oslo Stock Exchange HQ in Oslo, E&P activities in Colombia and Argentina Growth through low risk and high reward exploration and acquisitions of underdeveloped producing fields in prolific hydrocarbon basins 3,923 boepd 1,301 boepd 4.06 MMboe
Slide 3: High quality exploration and exploitation portfolio
High quality exploration and exploitation portfolio La Brea – Interoil 80% Puli C – Interoil 70% Exploitation 80 km2 3 Exploitation concessions Regional 2D seismic Ambrosia, Mana, Rio Opia 11 wells – 2 shut-in producers Acreage 72 km2 (**) Resources 11 MMbbl 45 producing wells Oil: 454 bopd Mata Mag
Slide 4: Strong post-pandemic growth outlook
Strong post-pandemic growth outlook Successfully navigated the consequences of onset of the pandemic • Actively managed portfolio to maximize profitable production • Strengthened financial flexibility and streamlined cost structure • Increased the robustness of the company’s revenues by bringing new
Slide 5: Positive market fundamentals provide momentum
Positive market fundamentals provide momentum Constrained supply picture Positive oil demand recovery outlook • OPEC and OPEC+ expected to maintain strategy • Brent oil price has increased steadily since Q3’20 • Oil supply growth would come from Non-OPEC • Vaccine roll-out expected to accelerate tre
Slide 6: Unlocking valuable barrels at MMO
Unlocking valuable barrels at MMO Argentina Mata Magallanes Oeste – Phases 1 and 2 • Mature field with step-out unexplored opportunities • High quality sweet, black oil (20 °API) • Phase 1 goal to increase production to 120 bopd • Phase 2 to increase production up to a total 230 bopd • Gas will feed
Slide 7: Mazorca fully funded after successful share issue
Mazorca fully funded after successful share issue Colombia (Altair) Adalia Copa 5.1 MMbbl 9.8 MMbbl Mazorca Remaches Yagan 9.9 MMbbl Altair Jipato Guyra Viviana 2.5 MMbbl Oropendola 2.5 MMbbl Resources [MMbbl] Prospect • Drilling of Mazorca.x-1 is expected to spud 3rd week in April Carbonera Gacheta
Slide 8: LLA-47 shows transformational exploration potential
LLA-47 shows transformational exploration potential Colombia Resources [MMbbl] Prospect Carbonera Gacheta Malevo 0.4 0.9 Gacheta formation Jaca 3.8 (*) Suima 1.2 (*) Aramus 1.8 (*) Eastern Flank 11 MMbbl Frison 1.7 (*) Capito 2.2 (*) 17 MMbbl in Carbonera Fm. Resources [MMbbl] Prospect Carbonera Gac
Slide 9: Successful partnership with Quantum/SLS
Successful partnership with Quantum/SLS Terms of the agreements Altair LLA-47 Mazorca.x-1 Malevo.x-1 and Jaca.x-1 • Costs: USD 2.8 million • Costs: Malevo.x-1 = USD 2.8 million • DrillEx: 50% SLS/Quantum & 50% Interoil Jaca.x-1 = USD 4.0 million • Equity: 22% SLS/Quantum & 78% Interoil • DrillEx: 60
Slide 10: Accelerating growth through share issues
Accelerating growth through share issues April’21 – NOK 37 million • National Prospectus (Norway) March’21 – NOK 10 million • New shares offered at NOK 1.46/share • Oversubscribed 250%, closed day after launch • Subscription period from 6 to 13 April • New shares offered at NOK 1.33/share • Minimum
Slide 11: Key takeaways
Key takeaways Strong growth outlook Positive market momentum Unlocking transformational prolific high-quality portfolio Accelerating exploration and development activity through share issues 12
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Slide 13: Key financials
Key financials Q3 2019 Q4 2019* Q1 2020 Q2 2020 Q3 2020 Q4 2020 Gross production oil/gas (boe) 127 203 74 102 119 852 38 974 116 159 119 622 Production oil/gas (average boepd) 1 382 805 1 317 484 1 263 1301 Oil/gas sold (boe) 95 920 84 596 87 664 26 478 89 557 87 912 Oil price average (usd/bbl) 60.2
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