2012: A Year of Delivery 2012 was a record-breaking year for Atlantic Petroleum. Results The company achieved its highest ever: Revenue Operating Profit Net Cash Flow from Operating Activities Geographical focus Entry into two…
2012 Highlights Revenues of DKK 596.7MM in 2012 (2011: DKK 434.8MM) - Average realised oil price in 2012 was USD 112.3 per barrel (2011: USD 108.7) Operating profit (EBIT) of DKK 246.8MM in 2012 (2011: DKK 126.3MM) Profit before…
Production Average production in 2012 was 2,536 Boepd - above budgeted production Ettrick and Chestnut showed strong production performance in 2012 Average production 2008-2012 5 15 March 2013
Income Statement 2012 DKK 1,000 2012 2011 Revenue 596,745 434,831 Cost of sales -274,888 -261,196 Gross profit 321,857 173,634 Exploration expenses -27,209 -17,812 Pre-licence exploration costs -7,962 -1,828 General and…
Balance Sheet and Cash Flow 2012 DKK 1,000,000 End 2012 End 2011 Balance sheet Total assets 1,121.8 776.9 - Cash and cash equivalents 242.5 114.3 Equity 537.1 429.3 Bank debt 78.0 105.0 - Long term 58.5 65.0 - Short term 19.5…
2012 Share Price Performance Share price at start 2012: DKK 156.5 Share price at end 2012: DKK 184 an increase of 17%. DKK 8 15 March 2013
Atlantic Petroleum Shareholders Geographical distribution Investor type distribution Unregistered 7.1% Institutional Rest of the Faroe Islands 22% World 29.2% 23.9% Non-Institutional Denmark 78% 39.7% As of 31st…
Reserves and resources As of 1st January 2013, net reserves equalled 5.1 MMBoe according to the latest Fugro Robertson CPR (Competent Persons Report) report MMBoe P50 reserves Contingent Prospective resources resources (risked)…
Reserves Development 2008 - 2012 Reserves replacement rate of 369% compared to previously announced reserves figures Fugro Robertson CPR 1st January 2013. Includes Orlando & Kells. Agreement was signed 13th December and completion…
Our Strategy & Building Blocks Provide step change growth through high impact exploration and targeted acquisitions GROWTH THROUGH GROWTH BY FARM-IN & DEVELOPMENT ACQUISITIONS Create organic growth through Increase portfolio…
A Balanced Portfolio Portfolio of assets spanning across all four stages of exploration, appraisal, development and production a total of 39 licenses UK 3 licences in UK Central North Sea with fields in production. 26 exploration,…
Exploration & Appraisal Wells Obtained exposure to significant potential on the Norwegian Continental Shelf Desire to drill 4-5 exploration/appraisal wells per year, spread across North West Europe 14 15 March 2013
Orlando and Kells Development Orlando field has been sanctioned for development 15 15 March 2013
Orlando and Kells P1606/P1607, Blocks 3/3b & 3/8d Atlantic Petroleum 25% First oil from Orlando is expected second half 2014. The expected initial rate from Orlando is +10,000 bopd gross. Orlando OPEX and Tariff is USD…
Outlook Outlook Total production for 2013 is estimated to be between 700,000 800,000 boe net Earnings Before Interest, Taxes, Depreciation, Amortisation and Exploration Expenses (EBITDAX) is predicted in the range of DKK 200MM -…
Contact Headquarters, Faroe Islands P/F Atlantic Petroleum Yviri vi Strond 4 P.O.Box 1228 Faroe Islands Tel +298 350100 Norway offices, Bergen Atlantic Petroleum Norge AS Kanalveien 109 5068 Bergen Norway Tel +47 99205989…
Loading...
