Skip to main content Q1 2011 – Atlantic Petroleum Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Q1 2011 – Atlantic Petroleum

Atlantic Petroleum · May 18, 2011 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q1 2011 – Atlantic Petroleum – slide 1
    WEBCAST PRESENTATION 2011 Q1 RESULT 18th May 2011
  2. Q1 2011 – Atlantic Petroleum – slide 2
    ATLANTIC PETROLEUM LICENCES APRIL 2011 3
  3. Q1 2011 – Atlantic Petroleum – slide 3
    ATLANTIC PETROLEUM LICENCES MAY 2011 4
  4. Q1 2011 – Atlantic Petroleum – slide 4
    2011 HIGHLIGHTS Total production in 1Q 2011 205,000 boe EBITDA in 1Q 2011 of DKK 64.2MM (1Q 2010: DKK 44.0MM) Net Cash from operating activities DKK 108.0MM (1Q 2010: DKK 47.6MM) Blackbird equity increased from 8.27% to 9.40%…
  5. Q1 2011 – Atlantic Petroleum – slide 5
    INCOME STATEMENT 1st Quarter 2011 1st Quarter 1st Quarter DKK 2011 2010 Revenue 112.025.840 76.854.603 Cost of sales -79.097.469 -50.809.940 Gross profit 32.928.371 26.044.664 Exploration expense 0 -7.387 Pre-licence…
  6. Q1 2011 – Atlantic Petroleum – slide 6
    BALANCE SHEET AND CASH FLOW 1st Quarter 2011 DKK MM Balance Sheet 1Q 2011 4Q 2010 Total assets 670.5 671.8 Equity 378.1 377.9 Bank debt 150.0 162.3 - Long term 97.5 97.5 - Short term 52.5 64.8 Cash Flow 1Q 2011 1Q 2010…
  7. Q1 2011 – Atlantic Petroleum – slide 7
    2011 OUTLOOK Production is expected to be within the range of 2,100 - 2,600 boepd Operating profit (EBIT) for the year 2011 is expected to be in the range DKK 90MM - 150MM The Blackbird field development has commenced. First oil…
  8. Q1 2011 – Atlantic Petroleum – slide 8
    RESERVES Proven reserves Contingent resources Prospective resources (risked) MMBoe MMBoe MMBoe Start of 2010 3.4 5.3 0.4 Production -0.96 Net additions & revisions 0.5 0.5 15.8 End of 2010 2.9 5.8 16.2 9
  9. Q1 2011 – Atlantic Petroleum – slide 9
    SHARE PERFORMANCE 1Q 2010 1Q 2011 10
  10. Q1 2011 – Atlantic Petroleum – slide 10
    A Focused North Sea Portfolio and Experienced Management Team 11
  11. Q1 2011 – Atlantic Petroleum – slide 11
    FOCUSED N SEA PORTFOLIO & EXPERIENCED MANAGEMENT TEAM Organic Growth Portfolio: Currently 15 licences containing 7 discoveries of which at least 3 contain potentially commercial volumes of hydrocarbons. Balanced Portfolio: Ranges…
  12. Q1 2011 – Atlantic Petroleum – slide 12
    VOLANTIS ACREAGE POSITION 1st phase 25th Rnd 44/28c 5% Awarded Feb 2009 49/29e&49/30b (part). 35% 44/7, 44/8 & 44/9......... 100% 43/13b....... 10% 2nd phase 25th Rnd 43/17b & 18b 10% Awarded May 2010 44/23 ..... 10% 48/8c .....…
  13. Q1 2011 – Atlantic Petroleum – slide 13
    STRATEGY TO MATURE AND GROW THE CURRENT PORTFOLIO To create a material gas business in the Southern North Sea (reserves 30mmbbloe) within 5 years; primarily through organic growth supplemented with strategic acquisitions and /or…
  14. Q1 2011 – Atlantic Petroleum – slide 14
    BALANCED INVENTORY WITH NEAR TERM DRILLING OPPORTUNITIES Pegasus Discovery Emerging 50-200bcf Rotliegendes & Carb plays. Multiple opportunities including potential Harmonia Discovery extension of Cygnus. Fulham (30- 200bcf) &…
  15. Q1 2011 – Atlantic Petroleum – slide 15
    LOW RISK PROSPECT: FOXTROT (35%) AUGUST SPUD 49/29-8 Tullow farmed into the licence in February 2011. Well programmed for August 2011 49/29-8 spud Volantiss share of the well is fully funded 30% Sg The Foxtrot prospect is a 4 way…
  16. Q1 2011 – Atlantic Petroleum – slide 16
    SUMMIT P.1556, 29/1c, ORCHID Summit 45%, Reach 5%, Valiant 30%, Trap Oil 10%, AP 10% WI 4 way dip closure at Andrew Orchid sand & Chalk P1556 29/1c Drill well end Q3 2011 Resources base of 57 - 91 MMboe 17
  17. Q1 2011 – Atlantic Petroleum – slide 17
    FAROE ISLANDS BRUGDAN DEEP 2011 Brugdan Deep well planned for spudding July 2011 Water Depth 400 500m Partners: Statoil 50%, ExxonMobil 49%, Atlantic Petroleum 1% Brugdan Deep P50 prospective resources net to AP 9.2mmboe…
  18. Q1 2011 – Atlantic Petroleum – slide 18
    TIMELINE FIRM EXPLORATION WELLS UK Orchid 10% WI UK Foxtrot 35% WI Faroes Brugdan II 1% WI Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2011 2011 2011 2011 2012 2012 2012 201 2 19
  19. Q1 2011 – Atlantic Petroleum – slide 19
    GOING FORWARD Increase production from existing assets Bring Blackbird and Perth developments on stream New asset acquisition Farm in or acquire new development and appraisal fields Acquire new exploration acreage Create value…
  20. Q1 2011 – Atlantic Petroleum – slide 20
    THE FUTURE We are embarking on the next step which will secure further value for the shareholders and secure Atlantic Petroleums place as a leading independent European E&P company. 21

From the store

Browse maps, data & reports in the Shale Experts store