Antelope-3 Log Results

[Gator]

Near term corporate goals:
 Enter into an agreement with an LNG partner including a sale of interest in the Elk and Antelope
resource
 File an application for a PRL (Petroleum Retention License) for Triceratops Development
 Ramp up to two rig drilling program at Elk and Antelope and PPL237 with PRE.
 Continue LNG pre-investment to drive the development timeline and reduce EPC contractor and
strategic LNG partner bid risks
 Generate positive EBITDA from our operating businesses
PNG Cabinet Approved InterOil’s Gulf LNG Project
 The InterOil Board of Directors has empowered management and advisors to swiftly bring forth the
best transaction to maximize value for our shareholders
 InterOil, and the partner we select, plan to form a Joint Venture which will be aligned to bring an
LNG processing facility to Papua New Guinea of a nature and in a manner which will be
satisfactory to the State
 With the incoming partner, the Joint Venture intends to finalize the development plan for the Gulf
LNG project and complete the proper documentation to move the Gulf LNG project forward.
 The Gas Agreement with the PNG State, which superseeds our 2009 Project Agreement and
controls the project development, should be finalized with the LNG partner we select.