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

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 Page 1 of 1 Miscellaneous Announcements 9/22/2004 http://info.sgx.com/webcorannc.nsf/VPrintAnnc/BAC0658A90FF6F1648256F1700214...

Where We Are Going Where We Are Going

• S. Sugiharto, CEO
• S. Sugiharto, CEO

Oil & Gas Investment Conference 2004 21 September 2004

• Who is Interra Resources
• Upstream Petroleum
• Current Assets
• Our Plan

Where We Are Going Where We Are Going

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

PRODUCTION TIME (unscale )

Upstream Petroleum Upstream Petroleum Life Cycle Life Cycle

we are here

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 Chauk & & Yenangyaung Yenangyaung Fields, Fields, Central Myanmar Central Myanmar

Myanmar Concession Myanmar Concession

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

Indonesia Concession Indonesia Concession

LESS DEVELOPED PROSPECT WELL DEVELOPED

Our Plan Our Plan

• Projects Portfolio
• Geographical Portfolio
• Strategy

Current Projects Portfolio Current Projects Portfolio

Development ~ 10% Production ~ 90%

Future Potential Future Potential Projects Portfolio Projects Portfolio

Development ~ 30%

• Secure a near-term

development project

Exploration ~ 20%

• Low-risk exploration

projects

Production ~ 50%

• Concentrate on profitable

production fields with good cash flow

Current Geographical Current Geographical Portfolio Portfolio

Indonesia Myanmar

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
• il & possibly natural gas resources
• acquisitions

to be focused

• n

production, field development & low- risk exploration

Thank You Thank You