PARETO CONFERENCE PRESENTATION 11th SEPTEMBER 2014 DELIVERING ON GROWTH
PARETO CONFERENCE PRESENTATION 11th SEPTEMBER 2014 A BALANCED E&P COMPANY
THIS IS ATLANTIC PETROLEUM NW Europe exploration and production company Licence overview 42 licenses on UK, Norwegian, Faroese, Irish and Chestnut: 965 boepd in 2013 Dutch continental shelves Ettrick: 810 boepd in 2013 Three…
ATLANTIC PETROLEUM HAS 3 FIELDS IN PRODUCTION ON THE UKCS YTD Production Annual production guidance 1,650-1,900 boe/d Current average production 1,762 boe/d Production is expected to be within guidance 7
FUTURE PRODUCTION ORLANDO FIELD DEVELOPMENT JV partners & equities Orlando Field Iona Energy 75% (Operator) Atlantic Petroleum 25% CPR estimates Orlando net 2P reserves of 3.8 MMboe Orlando initial rates expected at 10,000+…
KELLS FIELD DEVELOPMENT JV partners & equities: Iona Energy 75% (Operator) Atlantic Petroleum 25% CPR estimates Kells net 2P reserves of 2.25 MMboe Kells initial rates expected at 7,000+ bopd Kells Field First production…
PERTH Developing an integrated plan Perth P588 15/21b & 15/21c Parkmead Group (Operator) 52.13%, Faroe Petroleum 34.62% Atlantic Petroleum 13.35% CPR Estimates 5.1MMBbl 2C contingent resources Development Plans A joint development…
EXPLORATION
ATLANTIC PETROLEUM EXPLORATION FOCUS NW Europe exploration portfolio focusing in 5 Licence overview key areas. Frontier / Emerging West of Shetland and Barents Sea positions being built on back of in-house knowledge. Attractive…
SNS CARBONIFEROUS PLAY FAIRWAY Atlantic Petroleum accessed considerable expertise and exposure to SNS, especially the emerging Carboniferous play fairway through its purchase of Volantis Several TCF of gas have been discovered…
UK P1724 - PEGASUS JV partners & equities: Centrica 55% (operator) Third Energy 35% Atlantic Petroleum 10% Andromeda Area: Southern North Sea, close to Cavendish Field Pegasus Intra-Carboniferous structure, reservoirs & seals…
UK P2126 - AURORA JV partners & equities: Centrica 45% (operator) GDF Suez 45% Aurora Atlantic Petroleum 10% Area: Andromeda Southern North Sea, close to Breagh Field Intra-Carboniferous structures, reservoirs & seals…
UK P1906 - YORK AREA JV partners & equities: Centrica 52.5% (operator) Serica Energy 37.5% Atlantic Petroleum 10% - 5% carried Area: Southern North Sea, close to York Field Rotliegend & Intra-Carboniferous structures, reservoirs…
UK P2082 - SKERRYVORE JV partners & equities: Parkmead 30.5% (operator) Atlantic Petroleum 30.5% Bridge Energy 25% Dyas 14% Area: Central North Sea, close to Orion, Talbot, Cawdor & Flyndre Adjacent to salt diapir Multiple…
BUILDING A POSITION AROUND NEW INFRASTRUCTURE PL528/528B Ivory (Blocks 6707/8,9,11 and 6707/10 part) Farm in 2013 Centrica 40% (Op.), Statoil 35%, Rocksource 10%, Atlantic Petroleum 9%*, Repsol 6%* PL763 Karius (Blocks 6606/2,3) APA…
PL528/528B IVORY - NORWEGIAN SEA JV partners & equities: Centrica 40% (Op.), Statoil 35%, Rocksource 10%, Atlantic Petroleum Norge 9%*, Repsol 6%* Gross recoverable resources up to 306 MMboe Gas prone area with possibility for oil…
SUMMARY & OUTLOOK
TARGETS 2014 TARGETS 2014 PRODUCTION FINANCIAL EXPLORATION Production in 2014 average EBITDAX in the range Drill 4 exploration/appraisal between 1,6501,900 DKK 125MM - 175MM wells targeting 86MMboe of boepd net net un-risked…
SUMMARY AP is a small-cap with a large exploration portfolio and production Large exploration upside Strong short term cashflow Near term production under development Robust programme with several potential near term…
Q&A
CONTACT Headquarters, Faroe Islands P/F Atlantic Petroleum Yviri vi Strond 4 P.O.Box 1228 Faroe Islands Tel +298 350 100 Norway office, Bergen Atlantic Petroleum Norge AS Edvard Griegsvei 3c 5059 Bergen Norway Tel +47 9920…
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