IOC Has created Value and Has Upside Potential!!!!
InterOil Has Created Value and Has Upside Potential
InterOil is currently trading with a resource valuation of approximately $0.50 per mcf
IOC enterprise value ~ $2.8 Billion, as of March 2, 2012 ($58 per share)
IOC ownership of Elk and Antelope = 58.6% or 5.5 Tcfe
$2.8 B/5.5 Tcfe = $0.51/mcfe
Valuation excludes any consideration for Exploration, Refinery and Downstream Assets
Recent transactions of economically advantaged assets imply vast upside potential
Growth opportunities across the value chain
Distribution of refined product
Capacity utilization of refinery
Monetization of the Elk and Antelope resources
Condensate stripping plant development
LNG plant development
Exploration potential on 3.9 million acres