Closing remarks and Corporate Operating Goals
Our overarching goal remains to continue driving value for our shareholders,
continue supporting safe and efficient operations for our employees, and
continue to be a good partner to those with whom we do business.
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Near term corporate goals:
Generate positive EBITDA from our operating businesses and have a positive year end financial
outcome
File an application for a PRL (Petroleum Retention License) for Triceratops Development
Ramp up to two rig drilling program at Elk and Antelope.
Continue LNG pre-investment to drive the development timeline and reduce EPC contractor and
Strategic LNG Partner bid risks
Enter into an agreement with an LNG partner including a sale of interest in the Elk and Antelope
resource
IOC LNG Activities
InterOil’s negotiations with the National Executive Counsel (NEC) related to our proposal to
develop a 3.8 mtpa LNG project in the Gulf Province are progressing. We will provide the market
with the details as soon as we receive documentation.
Following anticipated approval, we intend to empower our advisors to swiftly bring forth the best
transaction to maximize value for our shareholders.
InterOil, and the partner we select, intend to bring an LNG processing facility to Papua New
Guinea of a nature and in a manner which will be satisfactory to the State.