Natural Resources >> CEO Interviews >> December 15, 2003

PHIL MULACEK – INTEROIL CORPORATION (IOL:TSE.V)

PHIL E. MULACEK is Chairman of the Board, President and Chief Executive Officer of Interoil Corporation, President of EP InterOil Ltd. and President and Chief Executive Officer of Petroleum Independent & Exploration Corporation (P.I.E. Corp). Mr. Mulacek earned a degree in Petroleum Engineering from Texas Tech University in Lubbock, Texas. He founded P.I.E. Corp. in 1981 for the purpose of oil exploration, drilling, completion and production. P.I.E. Corp. has operated across the southwestern portion of the United States, with more than 90 wells developed at depths ranging from 1,500 to 26,000 feet. Mr. Mulacek also has experience in designing salt-water disposal systems, waste oil reclamation, crude oil treatment and blending facilities. P.I.E. Corp., under Mr. Mulacek's direction, initiated the refinery development in 1994. Profile
TWST: Could you give us a brief overview of InterOil's history and

explain what you're doing at the present time?

Mr. Mulacek: In the mid-1990s we saw that there was a niche opportunity

to