Michael Hession:

  Thank you, Wayne. Well, thank you very much everybody for joining us this

  evening. The way we will structure this is, I'll make some introductory

  remarks, then I'll hand across to Collin, who will take us through the

  financial statement. Then, we'll come back to myself, and I'll give you some

  more details because where we are as the Company and where we headed.

  Finally, we'll open it to questions. So, if you recall in our second quarter

  or an earnings presentation, I made a commitment to deliver on three areas.

  Those three areas where strengthening the company's financial position and

  streamlining our operations, making progress on the monetization of our gas

  resource, the monetization which will transform this company.

  And then talk about capturing the upside, where we go after we transform the

  company into an LNG plant. Well today, I'm pleased to report that we made

  considerable progress and material progress in all those three issues. We'll

  talk about the security of $250 million facility to underpin our upstream

  exploration in [indiscernible] and we'll talk further about how we've reduced

  our operating costs and streamlined the company's operations.

  I will talk in some detail about the negotiation with the supermajors on the

  monetization and the plans to complete this transformational deal eventually

  by the end of the year. I will then come to the catch in the upside. The

  very, very important fact that InterOil has been a very successful explorer,

  the most successful explore in PNG. And I want to give you some color about

  our plans going forward in that space.

  So, before I get into the detail, I'm going to pass across the call and he's

  going to take you through the financials. Collin?

  Collin F. Visaggio:

  Thanks, Michael. And welcome to everyone listening to the live presentation.

  Let's start with Slide 6. I'm pleased to announce that on November 11, 2013,

  we entered into $250 million secured syndicated capital expenditure facility

  led by Credit Suisse, delighted to the approved drilling and seismic data

  acquisition program.

  As highlighted in previous conference calls, the company has did flexibility

  to meet ongoing portfolio requirements. The other participating lenders

  during the facility are the Commonwealth Bank of Australia, ANZ, UBS,

  Macquarie, the Bank of South Pacific, BNP Paribas and Westpac. The facility

  based interest at liable plus 5.5% margin on the drawn amount for up to the

  first six months, and is secured by the company's existing upstream and

  corporate entities. The facility is payable in full upon any sale of the

  Company's interest in the Elk and Antelope fields.

  Turing now to Slide 7 on financial results. The net loss for the quarter

  ended September 30, 2013 was $6.3 million. The operating segments of

  corporate, midstream refining and downstream collectively derived the net

  profit for the quarter of $7.5 million. The operating segment profit was

  reduced by our investments in our developing business segments of Upstream

  and LNG were $13.8 million.

  In comparing this quarter's loss to the same period of 2012, the reduction

  was mainly due to a $7.6 million decrease in gross margin mainly on stable

  crude and product cost movements during the current quarter as compared to

  increases in process during the same period in 2012, and then $8.6 million

  increase in foreign exchange losses resulting from the significant weakening

  of the Kina against the U.S. dollar.

  As mentioned, the Kina weakened significantly during the quarter from 0.46 to

  0.42. A weak at Kina and the lack of liquidity of the currency has had an

  unfavorable impact on the operating segment results. It is worth noting that

  the Kina exchange rate does form part of the import parity price formula,

  which is determined monthly in arrears.

  A rapid decline or appreciation in the Kina will affect the net result in a

  reporting period due to the timing difference between the set import parity

  price and the collection of domestic sales process.

  Turning now to Slide 8. The total volume of all products sold by us was 2

  million barrels for the quarter ended September 30, 2013, compared with 2.3

  million barrels in the same period of 2012, mainly due to reduced exports on

  timing of export shipments. Domestic sales remained very strong, with this

  quarter volume being 8% higher than the same period of 2012.

  Total volume of all products sold by us was 6.7 million barrels for the nine

  months ended September 30, 2013, compared to 6.2 million barrels in the same

  period of 2012. This is mainly due to increased export sales on our switch to

  a naptha-rich crude diet, as the premiums of these crudes are currently much

  lower than the higher middle distillate crudes, which we traditionally

  prefer. Domestic sales volumes have only increased marginally by 2% during

  the nine-month period due to the slowing down of construction activity on the

  PNG LNG project compared to prior year as it moves towards production.

  Turning now to Slide 9. A very clear focus is streamlining our business by

  cutting costs, simplifying agreements and our structures. Therefore, I'm

  pleased to advise several initiatives. On August 6, 2013, we agreed to align

  PacLNG's interest in the LNG joint venture to the interest in PRL15. Then on

  September 10, 2013, we sold our investment in the FLEX LNG shares to $7.8

  million resulting in a $4.7 million gain. Then on September 30, 2013, we made

  the final payment to Mitsui to extinguish the Condensate Stripping joint

  venture and the option to acquire interesting PRL15. Also during the quarter,

  there has been a clear focus on our core businesses, which is you would

  expenditure savings in excess of $30 million.

  Finally and subsequent to quarter end on October 24, we entered into an

  exchange agreement with PNGEI to buyback the 4.25% indirect participating

  interest under the indirect participating interest agreement of September

  2004. Including the interest [indiscernible] to future distributions, in

  exchange for a 100,000 of our common shares.

  Turning to Slide 10 on our financial position. As of September 30, 2013, our

  debt-to-capital ratio was 20%, with our total book assets amounting to $1.3

  billion and our total liabilities amounting to $513 million. Our current

  ratio and quick ratio were 1.3 times and 0.6 times respectively. The quick

  ratio was below our internal target of 1; however, the closing of the

  sell-down transaction will bring these ratios well within our internal

  target.

  Turning now to Slide 11 and then Slide 12 on cash position. As of September

  30, 2013, we had cash, cash equivalents and cash restricted of $79 million.

  We have had a $9 million decrease in cash balance for the nine months mainly

  as a result of expenditure on exploration activity and development activity

  offset by partner funding and process from the drawdown of the existing

  financing facilities.

  As stated earlier, we have since entered into a $250 million secured

  syndicated capital expenditure facility, which will be drawn on as and when

  required. If we were drawn today, this would place out giving at 37%. These

  facilities continue to optimally provide capital for the business to meet its

  business development strategy. Our full detailed analysis for your review is

  available in the press release and in the filed financials and MD&A.

  With that, I would like to hand back to Michael.