Attractive Economics Relative to Asia-Pacific LNG Projects

Natural Gas Supply

• High productivity > 300 Mmcf/d Antelope flow tests
• Tests indicate 5-6% CO2
• InterOil tested a maximum rate of 24-27 Bbls/MMcf of condensate
• Minimal pre-LNG processing requirements

Favorable Geography

• Protected geographic region
• Onshore, near coast (75 Km)
• Close to largest global LNG market
• 65 mile pipeline to coast

Proposed Infrastructure

• CSP funded by Mitsui
• Mid-size LNG plant funded by EWC
•  InterOil LNG plant and infrastructure costs well below competitive proposals

Fiscal Policy

• 30% flat tax rate
• Major project incentives and exemptions available from the state
• Government resource project protection

Experienced LNG Management Team

• Marathon EGLNG Team Members now at InterOil and affiliates
• LNG project completed ahead of schedule and under budget