Hydrocarbon Potential and Unconventional Potential Explorations
INTEREST OVERVIEW
V
SINTANA
ENERGY
ACREAGE
LICENSE
(KM2)
WATER
DEPTH (M)
EST. WORK
PROGRAM
INTEROIL INTEREST(1)
(SINTANA 49%)
PEL 82
11,464
260-2,460
$86M
10%
Non-carried
PARTNERS
(Operator*)
Maravillosa (80%)*
NAMCOR (10%)
PEL 83
9,890
250-2,550
$86M
10%
Galp (80%)*
Carried
PEL 87
10,947
420-3,200
$35M
15%
Carried
NAMCOR (10%)
Pancontinental (75%)*
NAMCOR (10%)
PEL 90
5,433
2,300 3,100
$90M
10%
Carried
Chevron Namibia (80%)*
NAMCOR (10%)
PEL 103
5,860
Onshore
$700K
30%(2)
Non-carried
Apprentice Inv. (90%)*
NAMCOR (10%)
TOTAL
43,594(3)
US$255M
(1) The interests in PEL 83 and PEL 87 are limited carried interests which are limited by (i) time and (ii) value, with estimated carried expenditure thresholds ranging between US$35 million to US$86 million. The carried interest in PEL 90 is
limited to initial 3D expenditures and drilling the first exploration well. The interests in PEL 82 and PEL 103 are currently non-carried. Other than requisite minimum expenditures, the nature and size of proposed work programs are
subject to the discretion of the operator and joint venture partners. All amounts are US dollars.
(2) Inter Oil holds a 30% interest in Apprentice Investments (Pty) Ltd., which will in turn holds a 90% interest in PEL 103.
(3) Total Acreage Position of 10.5 million acres, 16,800 sq. miles.
Exploring A
Better
Way™
TM
7
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