Atlantic Petroleum An E&P Company in Growth November 2012
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…
Strenghts and Competences Three producing oil fields with tie-back opportunities and Oil fields in production potential near term upsides Expected positive cash flow in the short term Extensive geological Strong technical staff…
Atlantic Petroleum Licences November 2012 38 LICENCES UK 29 exploration & appraisal licences 3 licences with fields in production Faroe Islands 3 exploration licences Ireland 1 exploration licence Norway 2 exploration…
AP Licences & Wells 2012 2013 Spaniards 2012 well Premier Oil Magnolia 2013 well - Dana Polecat 2012 well - Nexen Orchid Feb 2012 well Summit Pegasus West 2013/14 well - Centrica Endymion 2013/14 well - Centrica Brugdan II…
Atlantic Petroleum Performance & Outlook 2012 Revenue 1H 2012 was GBP 31MM Asset or corporate acquisitions to be evaluated Operating Profit 1H 2012 was GBP 8.6MM Participated in the 2012 UKCS Orchid Net cash from operating…
Norway - Significant Exploration Potential Remains Norway is deviating from the classic creaming curve in 68 that the past several years have seen larger discoveries 66 64 62 Cumulative Discovered oil & gas resources by country 60 by…
Atlantic Petroleum Business Concept Norway Knowledge of NCS Stringent Criteria Experience If discovery: & focus on DHIs swap for production Drill low risk or sell prospects with low to moderate Successful Farm- working…
Norway Entry Summary Transaction Rationale Exposure to the highly prolific and prospective Norwegian Continental Shelf Participation in Norwegian licence applications. Next round has a bid deadline 4th December Ownership in two…
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…