Where We Are Going Where We Are Going S. Sugiharto, CEO S. - PDF document

Miscellaneous Announcements Page 1 of 1 MASNET No. 19 OF 22.09.2004 Announcement No. 19 INTERRA RESOURCES LIMITED PRESENTATION SLIDES - OIL & GAS INVESTMENT CONFERENCE 2004 Attached for information are the presentation materials in connection with a presentation at the "Oil & Gas Investment Conference 2004" made by Mr Sugiharto Soeleman, Chief Executive Officer, on 21 September 2004. Attlee Hue Company Secretary 22 September 2004 Submitted by Attlee Hue, Company Secretary on 22/09/2004 to the SGX http://info.sgx.com/webcorannc.nsf/VPrintAnnc/BAC0658A90FF6F1648256F1700214... 9/22/2004

Where We Are Going Where We Are Going S. Sugiharto, CEO S. Sugiharto, CEO Oil & Gas Investment Conference 2004 21 September 2004

Where We Are Going Where We Are Going � Who is Interra Resources � Upstream Petroleum � Current Assets � Our Plan

Who is Interra Resources Who is Interra Resources • listed on SESDAQ on July 16, 2003 • only listed company in Singapore specializing in upstream petroleum production • the Board and Management have over 240 years combined direct experience in upstream petroleum production

Upstream Petroleum Upstream Petroleum Life Cycle Life Cycle PRODUCTION we TIME are here (unscale )

Upstream Petroleum Upstream Petroleum what is needed • concession area production & reserves • expertise • investment capital expenditures • consistent cash flow

Current Assets Current Assets • all stages of production, development and exploration in Myanmar & Indonesia • total production of 3,200 BOPD and total net recoverable reserves of >110 MMBO

Location Map of Location Map of Chauk & & Yenangyaung Yenangyaung Fields, Fields, Chauk Central Myanmar Central Myanmar

Myanmar Concession Myanmar Concession

Location Map of Location Map of Tanjung Miring Miring Timur Timur Field, Field, Tanjung South Sumatra, Indonesia South Sumatra, Indonesia

Indonesia Concession Indonesia Concession WELL DEVELOPED LESS DEVELOPED PROSPECT

Our Plan Our Plan • Projects Portfolio • Geographical Portfolio • Strategy

Current Projects Portfolio Current Projects Portfolio Production ~ 90% Development ~ 10%

Future Potential Future Potential Projects Portfolio Projects Portfolio Production ~ 50% Development ~ 30% • Concentrate on profitable • Secure a near-term production fields with good development project cash flow Exploration ~ 20% • Low-risk exploration projects

Current Geographical Current Geographical Portfolio Portfolio Myanmar Indonesia

Future Potential Future Potential Geographical Portfolio Geographical Portfolio South East Asia ~ 60% • current main targets – Indonesia & Myanmar Regional • numerous targets for petroleum projects in production, development & low-risk exploration

Strategy Strategy OIL vs GAS • currently prefer oil to gas • consider gas projects if there is ready market ONSHORE • currently prefer onshore to offshore • consider offshore projects if operators are respectable and efficient OPERATORSHIP • be operator if current operator not competent • non-operator partnership to be carefully exercised

Interra In The Next 5 Years Interra In The Next 5 Years • to be a medium regional petroleum producer headquartered in Singapore • to grow steadily by developing our own oil & possibly natural gas resources • acquisitions to be focused on production, field development & low- risk exploration

Thank You Thank You