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InterOil CorporationMacquarie Oil & Gas Explorers Conference, London

Dr Michael Hession, Chief Executive Officer

13 January 2014

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Key points

Investable stock based on transparent value

Simple strategy for growth

Premium market, premium prices, premium resource

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Premium market

3

Source: OECD; Standard Chartered Research

100

500

1

Asias rising middle class

3

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Premium prices

4

, , * $/, 2013

Landed LNG prices*

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Premium resource

5

Elk-Antelope multi-tcf field

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Strategy

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Operating growth

7

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Developing growth

Transaction positions InterOil for growth

Experienced and world-class LNG partner

Guaranteed fixed payments based on appraised resource

Material equity stake in a fully integrated LNG project

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Future growth

9

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Total deal

Payments schedule

Price

Minority interests

Volume

InterOil-Total SPA

//..//.//..///.

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Summary

Aggressive exploration program

Gas project with world-class partner

Efficient business and financially stable

First-class team

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Supplementary slides

Permit status and work program

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PRL15 Elk-Antelope discovery

Drilling Total S.A. to fund

Appraisal

Up to 3 wells in 2014

Exploration

1 well in 2014

Seismic

107km 2D Antelope Deep 55km 2D Antelope

Due to complete Q2 2014

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Retention licence approved

54km 2D completed 2013

Well planned 2014

APRL39 Triceratops discovery

2 (2012)

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PPL 236 Wahoo prospect

1

1

Wahoo 1 spud Q1 2014

Rig being mobilized to site

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PPL 237 Raptor prospect

Raptor 1 spud Q1 2014

Rig being mobilised to site

1

1

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PPL 238 Bob Cat prospect

Bob Cat 1 spud Q1 2014

Rig being mobilized to site

89km 2D completed 2014

1

1

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Resource TrendTriceratops-Bob Cat-Jaguar-Elk-Antelope-Antelope Deep

Antelope Deep