Access to a New Rig

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Preparations At Tuna And Wahoo/Mako Drilling Locations Are Underway



The acquisition of the Seismic Strike KW08IOL12 and TU04IOL12 and processing of the data has been

completed.



Detailed mapping of InterOil’s recent seismic and available legacy seismic acquired by previous

operators has been completed.



The selection of potential exploratory well locations for future lease obligation wells has been completed.



A field reconnaissance has been completed to determine final locations, logistic and infrastructure

requirements.



Negotiations for a third party rig and contractors for Site are in process.