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LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum

Lundin Petroleum · May 28, 2006 · 13 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. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 1
    Lundin Petroleum to Acquire Valkyries Petroleum WF8621 05.06
  2. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 2
    Acquisition - Current Structure Lundin Petroleum Valkyries Shareholders Shareholders Lundin Petroleum AB Valkyries Petroleum Corp. Existing New Subsidiary: Subsidiaries Lundin Petroleum Canada
  3. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 3
    Acquisition - Transaction Structure Lundin Petroleum Valkyries Shareholders Shareholders Valkyries shareholders to Lundin Petroleum AB receive 1 new share in Lundin Petroleum for each share held Existing New Subsidiary:…
  4. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 4
    Offer Analysis Values Valkyries at USD 700 million / SEK 5.1 billion / CAD 780 million 26 May 2006 closing prices Lundin Petroleum SEK 89.50 / CAD 13.54 Valkyries Petroleum CAD 12.51 / SEK 82.68 8.2% premium to current Valkyries…
  5. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 5
    Valkyries Assets Komi / Nenets Region Orenburg Region Kalmykia Region
  6. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 6
    Valkyries Assets Proven and probable reserves: 29.5 million barrels Production: 4,500 boepd - Sotchemyu-Talyu Fields / North Irael Field (KOMI REPUBLIC) - Caspian Field (KALMYKIA) - Ashirovskoye Field (ORENBURG) Exploration -…
  7. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 7
    Deal Rationale Russia becomes a new core area for Lundin Petroleum To grow the existing asset base of Valkyries through an aggressive acquisition and development strategy Access to the wider technical expertise of Lundin…
  8. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 8
    Why Russia Largest non OPEC producer with signicant access to reserves and production World class exploration potential in oshore and remote basins Developed network will ensure access to material new venture opportunities…
  9. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 9
    100 150 200 250 300 350 400 50 0 Sa Ru ud ss i A ia rab ia Ira Qa n tar Ira q RESERVES (BBOE) UA K Ve uwaE ne it zu Ni ela ge ria US A 10 15 20 5 0 Ru ssi a Oil Equivalent - World…
  10. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 10
    Europe Imports % OIL 4 0 30 - GAS Dependence on Russia 50% expected to increase in future years
  11. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 11
    Transaction Conditionality The transaction is structured as a Plan of Arrangement under Canadian law Subject to: - two thirds votes cast by Valkyries shareholders - simple majority of non-interested Valkyries shareholders -…
  12. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 12
    Recommendation Unanimous approval of Lundin Petroleum and Valkyries Boards of Directors RBC Dominion Securities Inc. has provided a fairness opinion to the independent directors of Valkyries that the consideration is fair, from…
  13. LUNDIN PETROLEUM TO ACQUIRE VALKYRIES PETROLEUM – Lundin Petroleum – slide 13
    Timetable May 29 Deal announcement Mid June Information circular to Valkyries shareholders Mid-late July Shareholder meetings of Valkyries and Lundin Petroleum Late July Completion

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