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ANNUAL GENERAL MEETING – Premier Oil

Premier Oil · May 18, 2012 · 30 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. ANNUAL GENERAL MEETING – Premier Oil – slide 1
    Annual General Meeting 18 May 2012
  2. ANNUAL GENERAL MEETING – Premier Oil – slide 2
    Forward looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown…
  3. ANNUAL GENERAL MEETING – Premier Oil – slide 3
    Strategy Delivering consistent growth Deliver further growth by commercialising contingent resource base of 228 mmboe Add 200 mmboe through exploration by focusing on core geologies Make value-adding acquisitions Maintain…
  4. ANNUAL GENERAL MEETING – Premier Oil – slide 4
    Over the last 6 years Over the period, NAV/share CAGR of 14.2% excluding oil price effects May 2012 Page 3
  5. ANNUAL GENERAL MEETING – Premier Oil – slide 5
    Production and development forecast Production outlook Huntington (bbls/day) 120,000 Pre-Development Sanctioned Projects On Production Rochelle 100,000 80,000 Solan 60,000 Catcher 40,000 20,000 0 2012 2013 2014 2015…
  6. ANNUAL GENERAL MEETING – Premier Oil – slide 6
    Exploration outlook Actual & forecast risked resource additions 2009-2015 (mmboe) 450 Actual cumulative plus possible resources Cumulative risked prospective resource additions 400 Risked prospective resource additions Actual proved…
  7. ANNUAL GENERAL MEETING – Premier Oil – slide 7
    What can you expect from Premier Already in 2012... Solan DECC approval Pelikan, Naga & Dua Partner sanction Anoa Deep A new exploration play beneath Anoa EnCore Oil Completed acquisition and Cladhan sale Finance Cash/undrawn…
  8. ANNUAL GENERAL MEETING – Premier Oil – slide 8
    Resolutions May 2012 Page 7
  9. ANNUAL GENERAL MEETING – Premier Oil – slide 9
    Resolution 1 Adoption of the Report of Directors, the Auditors Report, and the Financial Statements for the year ended 31 December 2011 For Against Withheld Votes % Votes % Votes 360,826,159 99.36 1,951,436 0.54 1,942,902…
  10. ANNUAL GENERAL MEETING – Premier Oil – slide 10
    Resolution 2 Approval of the Remuneration Report for the year ended 31 December 2011 For Against Withheld Votes % Votes % Votes 328,710,154 90.61 33,720,372 9.30 2,308,778 May 2012 Page 9
  11. ANNUAL GENERAL MEETING – Premier Oil – slide 11
    Resolution 3 Re-election of Mr R A Allan as a Director For Against Withheld Votes % Votes % Votes 359,166,987 98.91 3,604,201 0.99 1,950,253 May 2012 Page 10
  12. ANNUAL GENERAL MEETING – Premier Oil – slide 12
    Resolution 4 Re-election of Mr J Darby as a Director For Against Withheld Votes % Votes % Votes 350,571,848 96.54 12,196,447 3.36 1,947,123 May 2012 Page 11
  13. ANNUAL GENERAL MEETING – Premier Oil – slide 13
    Resolution 5 Re-election of Mr A R C Durrant as a Director For Against Withheld Votes % Votes % Votes 359,421,071 98.98 3,337,200 0.92 1,966,802 May 2012 Page 12
  14. ANNUAL GENERAL MEETING – Premier Oil – slide 14
    Resolution 6 Re-election of Mr N Hawkings as a Director For Against Withheld Votes % Votes % Votes 359,465,574 98.99 3,308,633 0.91 1,950,866 May 2012 Page 13
  15. ANNUAL GENERAL MEETING – Premier Oil – slide 15
    Resolution 7 Re-election of Ms I J Hinkley as a Director For Against Withheld Votes % Votes % Votes 361,768,312 99.63 983,283 0.27 1,972,855 May 2012 Page 14
  16. ANNUAL GENERAL MEETING – Premier Oil – slide 16
    Resolution 8 Re-election of Mr D C Lindsell as a Director For Against Withheld Votes % Votes % Votes 350,521,284 96.53 12,228,354 3.37 1,975,436 May 2012 Page 15
  17. ANNUAL GENERAL MEETING – Premier Oil – slide 17
    Resolution 9 Re-election of Mr S C Lockett as a Director For Against Withheld Votes % Votes % Votes 352,260,207 97.00 10,514,000 2.90 1,950,866 May 2012 Page 16
  18. ANNUAL GENERAL MEETING – Premier Oil – slide 18
    Resolution 10 Re-election of Mr A G Lodge as a Director For Against Withheld Votes % Votes % Votes 359,447,359 98.99 3,320,009 0.91 1,950,853 May 2012 Page 17
  19. ANNUAL GENERAL MEETING – Premier Oil – slide 19
    Resolution 11 Re-election of Professor D G Roberts as a Director For Against Withheld Votes % Votes % Votes 361,644,587 99.55 1,186,318 0.33 1,816,432 May 2012 Page 18
  20. ANNUAL GENERAL MEETING – Premier Oil – slide 20
    Resolution 12 Re-election of Mr M Romieu as a Director For Against Withheld Votes % Votes % Votes 350,416,016 96.50 12,290,564 3.38 1,947,841 May 2012 Page 19
  21. ANNUAL GENERAL MEETING – Premier Oil – slide 21
    Resolution 13 Re-election of Mr M Welton as a Director For Against Withheld Votes % Votes % Votes 361,648,888 99.60 1,028,183 0.28 1,963,441 May 2012 Page 20
  22. ANNUAL GENERAL MEETING – Premier Oil – slide 22
    Resolution 14 Re-appointment of Deloitte LLP as auditors For Against Withheld Votes % Votes % Votes 234,134,645 85.29 39,984,329 14.56 90,534,275 May 2012 Page 21
  23. ANNUAL GENERAL MEETING – Premier Oil – slide 23
    Resolution 15 Authority to allot relevant securities pursuant to s551 of the Companies Act 2006 For Against Withheld Votes % Votes % Votes 338,414,647 94.74 18,351,528 5.14 7,868,909 May 2012 Page 22
  24. ANNUAL GENERAL MEETING – Premier Oil – slide 24
    Resolution 16 Authority to allot equity securities pursuant to s571 of the Companies Act 2006 For Against Withheld Votes % Votes % Votes 348,410,984 98.62 4,399,230 1.25 11,824,681 May 2012 Page 23
  25. ANNUAL GENERAL MEETING – Premier Oil – slide 25
    Resolution 17 Authority to make market purchases of Ordinary Shares For Against Withheld Votes % Votes % Votes 356,951,786 98.26 5,886,546 1.62 1,808,693 May 2012 Page 24
  26. ANNUAL GENERAL MEETING – Premier Oil – slide 26
    Resolution 18 Authority to call general meetings by notice of at least 14 clear days For Against Withheld Votes % Votes % Votes 349,240,380 96.14 13,573,089 3.74 1,820,948 May 2012 Page 25
  27. ANNUAL GENERAL MEETING – Premier Oil – slide 27
    www.premier-oil.com May 2012 May 2012 Page 26
  28. ANNUAL GENERAL MEETING – Premier Oil – slide 28
    Premiers performance: 1 Jan 2005 31 Dec 2011 Value of 100 invested on 31 December 2004 500 450 400 Premier Oil plc 350 300 250 FTSE All- 200 Share Oil & 150 Gas 100 Producers Index 50 0 Dec 04 Jun 05 Dec 05 Jun 06 Dec 06…
  29. ANNUAL GENERAL MEETING – Premier Oil – slide 29
    LTIP: underlying performance Reserves (mmboe) Reserves replacement (%) 400 12% 10% 8% 300 6% EXPLORATION 4% 2% 200 0% 2008 2009 2010 2011 2008 2009 2010 2011 Return on Invested capital (%) Net operating cash flow (m)…
  30. ANNUAL GENERAL MEETING – Premier Oil – slide 30
    Executive Director salary comparison Sector peers Size peers (Afren, AMEC, Cairn Energy, Enquest, Gulf Keystone, (100 FTSE-listed with market caps ranked Heritage Oil, John Wood Group, Petrofac, SOCO 50 around that of Premier)…

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