Interoil Company Valuation Report: Includes Five Year Financial and Production Forecasts;Valuation of Oil and Gas Assets Using Discounted Cash Flow Models, Peer-Group Analysis and Sensitivity Analysis

Interoil Company Valuation Report: Includes Five Year Financial and Production Forecasts;Valuation of Oil and Gas Assets Using Discounted Cash Flow Models, Peer-Group Analysis and Sensitivity Analysis

Summary

• This profile is the essential source for top-level company information and detailed data. The report provides exhaustive information on the areas of operations of Interoil as well as the market overview of the regions in which Interoil operates. The reports also provides detailed financial outlook of Interoil for the next five years along with the key financial and operational ratios. It also provides detailed asset by asset valuation of Interoil along with sensitivity analysis. Detailed peer-group analysis of Interoil’s share price performance, operations and financial parameters is also presented in the report.

Scope

Valuation of oil & gas reserves and future production capabilities using discounted cash flow models

Asset by asset valuation (sum-of-parts) of Interoil along with the sensitivity analysis.

Peer-group analysis based on share performance, operational and financial parameters.

Detailed information regarding production and reserves of Interoil.

Detailed financial forecast for Interoil for the next five years as well the key ratios

Detailed analysis of the share price performance of Interoil as well as its comparison with the market and the peer group.
Note: Some content types may not be available in this report

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Assess company major oil and gas assets and its performance.

Useful information for strategy and planning, M&A identifications, and competitor analysis.

Table Of Contents
1 Table Of Contents 2
1.1 List Of Tables 5
1.2 List Of Figures 6
2 INVESTMENT SUMMARY 7
2.1 Rapid Production/ Cash Flow Growth 7
2.2 Exploration Catalysts—The Highly Anticipated ‘E’ Prospect 7
2.3 Further Upside Potential 8
2.4 Restructuring of Assets-Adding Value to Company 8
2.5 Focused On Proven Provinces 8
3 Company Overview 9
3.1 Production and Reserves 9
3.2 Share Performance 10
4 MARKET SCENARIO 12
4.1 Yemen 12
4.1.1 Reserves and Production 12
4.1.2 Import and Exports 12
4.1.3 Infrastructure 12
4.1.4 Regulations 12
4.1.5 Key Fiscal Regime 12
4.1.6 Private Versus State Participation 13
4.2 Vietnam 13
4.2.1 Reserves and Production 13
4.2.2 Import and Exports 13
4.2.3 Infrastructure 13
4.2.4 Regulations 14
4.2.5 Key Fiscal Regime 14
4.2.6 Private Versus State Participation 14
5 OPERATIONS SUMMARY 16
5.1 Yemen 16
5.1.1 Production and Reserves 17
5.1.2 Exploration and Development 18
5.1.3 Outlook 19
5.2 Vietnam 19
5.2.1 Production and Reserves 20
5.2.2 Exploration and Development 20
5.2.3 Outlook 22
5.3 Thailand 23
5.3.1 Production and Reserves 23
5.3.2 Exploration and Development 23
5.3.3 Outlook 24
5.4 Republic of Congo (Brazzaville) 24
5.4.1 Production and Reserves 25
5.4.2 Exploration and Development 25
5.4.3 Outlook 26
5.5 Democratic Republic of Congo (Kinshasa) 26
5.5.1 Production and Reserves 26
5.5.2 Exploration and Development 26
5.5.3 Outlook 27
5.6 Angola 27
5.6.1 Exploration and Development 27
6 FINANCIAL OUTLOOK 29
6.1 Income Statement (2003-2011) 29
6.2 Balance Sheet (2003-2011) 30
6.3 Cash Flow Statement (2003-2011) 31
6.4 Key Ratios (2003-2011) 32
7 VALUATION 33
7.1 Discounted Cash Flow Valuation 33
7.2 Sum-of-Parts Analysis 35
7.3 Comparative Valuation 37
7.4 Sensitivity Analysis 39
8 PEER GROUP ANALYSIS 39
8.1 Share Price Performance 40
8.2 Operational and Financial Performance 41
9 KEY RISKS 44
10 APPENDIX 45
10.1 Glossary of Terms 45
10.2 Definitions 45
10.3 Methodology 46
10.4 Ask The Analyst 46












1.1 List Of Tables

Table 1: Soco International Plc, Yemen Operations Overview, 2007 19
Table 2: Soco International Plc, Vietnam (Block 9-2 ) Operations Overview, 2007 21
Table 3: Soco International Plc, Vietnam (Block 16-1) Operations Overview, 2007 22
Table 4: Soco International Plc, Thailand Operations Overview, 2007 24
Table 5: Soco International Plc, Republic of Congo (Brazzaville) Operations Overview, 2007 26
Table 6: Soco International Plc, Democratic Republic of Congo (Kinshasa) Operations Overview, 2007 27
Table 7: Soco International Plc, Angola Operations Overview, 2007 28
Table 8: Soco International Plc, Income Statement, 2003-2011 29
Table 9: Soco International Plc, Balance Sheet, 2003-2011 30
Table 10: Soco International Plc, Cash Flow Statement, 2003-2011 31
Table 11: Soco International Plc, Key Ratios, 2004-2011 32
Table 13: Soco International Plc, Summary of Target Price ($/share), 2007 33
Table 12: Soco International Plc, Discounted Cash Flow, Key Assumptions, 2007 34
Table 13: Soco International Plc, Discounted Cash Flow, 2007 35
Table 13: Soco International Plc, Discounted Cash Flow, 2007 36
Table 14: Soco International Plc, Comparative Valuations, 2006 38
Table 15: Soco International Plc, Valuation Sensitivity to Crude Oil Price (Per barrel) and Discount Rate (%), 2007 39
Table 17: Soco International Plc Vs. Peer-Group Operational and Financial Performance, 2006 41


1.2 List Of Figures
Figure 1: Soco International Plc, Production (Mbbls/d) and Revenue ($ Million), 2003-2011 7
Figure 2: Soco International Plc, Total Production and Reserves, 2001-2006 9
Figure 3: Soco International Plc, Production Profile (Working Interest, MMboe), 2003-2011 10
Figure 4: Soco International Plc, Share Performance, November 2004-November 2007 11
Figure 5: Yemen, Crude Oil Production and Consumption, Thousand Barrels Of Oil, 1996-2006 13
Figure 6: Vietnam, Crude Oil Production and Consumption, Thousand Barrels Of Oil, 1996-2006 15
Figure 7: Soco International Plc, Area of Operations, 2007 16
Figure 4: Soco International Plc, Yemen Portfolio, 2007 17
Figure 8: Soco International Plc, Yemen Production and Reserve Profile (MMbbls), 2002-2006 18
Figure 4: Soco International Plc, Vietnam Map, 2007 20
Figure 4: Soco International Plc, Republic of Congo Map, 2007 25
Figure 4: Soco International Plc, Valuation per share, 2007 37
Figure 9: Soco International Plc, EV/Reserve ($/boe), 2006 39
Figure 10: Soco International Plc Vs. Peer Group Share Price Performance, November 2006-November 2007 40
Figure 11: Soco International Plc, Reserves and Production Growth Vs. Peer Group, 2006 42
Figure 12: Soco International Plc, F&D costs and Reserve Replacement Ratio, 2006 43