Lundin Petroleum AB Extraordinary General Meeting of Shareholders: Proposed Initial Public Offering of Norwegian and United Kingdom Business Not for distribution in or into the United States Stockholm, Sweden WF9408 04.07…
Proposed Transaction Lundin Petroleum to transfer its Norwegian and UK business to Viking Oil and Gas and then offer 50.01% through an initial public offering (IPO) on the Oslo Stock Exchange (OSE) Lundin Petroleum to hold 49.99%…
Rationale for the Proposed Transaction Crystallise the value of the North Sea business with its substantial resources base and exciting organic growth potential Create a new Norwegian independent exploration and production…
Viking Oil and Gas ASA WF9410 03.07
Viking Oil and Gas ASA Key investment highlights Oslo listed independent exploration and production company Strong and proven management team Norway and the UK offer highly attractive hydrocarbon potential Balanced portfolio of…
Viking Oil and Gas ASA Strong & seasoned management team Torstein Sanness, CEO 36 years industry experience 26 years experience in NCS Part of Sagas founding team Reactivated DNO on NCS in 2000 Established Lundin Norway in 2003…
Viking Oil and Gas ASA Extensive and diversified asset base Norway Producing fields: Jotun, Alvheim (2Q 07) Approved development: Volund Other near term development and infill opportunities: upside through additional Alvheim…
Viking Oil and Gas ASA Strong current production with growth potential 2P forecast production profile 2P + CR forecast production profile 80 80 70 70 60 60 50 50 (mboepd) (mboepd) 40 40 30 30 20 20 10 10 0 0…
Viking Oil and Gas ASA Substantial reserves & resources base Resources overview Resources - breakdown by category Possible reserves 10% 2P reserves (mmboe) 22% Proven + Probable reserves (2P) 96.6 Contingent resources (CR)…
The New Lundin Petroleum AB WF9411 03.07
Lundin Petroleum AB - Key Investment Highlights Production in France, Netherlands, Tunisia, Indonesia, and Russia (2007 20,000 boepd) provides cash flow to fund growth High impact exploration in Russia, Sudan and Indonesia with…
A Diversified Portfolio Russia 4 producing blocks, 1 exploration licence Ireland 4 exploration licences Netherlands 18 production licences, 1 exploration licence France 14 production licences, Vietnam 2 exploration…
2P + Contingent Resources Production Profile Contingent Resources 'Best Estimate' 01 Jan 2007 33.2 Mmboe net Lundin Petroleum Congo; 6.6 Tunisia; 4.9 France; 12.4 Production Forecast - New Lundin Petroleum 2P Reserves +…
Exploration Upside Potential MMboe (unrisked, net to Lundin Petroleum) 1500 2008 Russia, France, Vietnam, Ethiopia 1000 Block 5B success, Sudan 2007 (500) 500 Lagansky, Russia 2007 (600) Contingent resources (33.2) 2P…
Conclusion The listing and IPO of Viking Oil and Gas will: Crystallise value of the Norwegian and UK business Create an exciting Norwegian independent company with growth potential from a diverse asset base Refocus Lundin…
Approvals at the EGM The Lundin Petroleum Board of Directors has unanimously approved the listing of the Viking shares on the OSE and the sale of 50.01% through the IPO Shareholders are requested to approve: The sale of 50.01% of…
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