orthern Petroleum Nederland B.V. 4th December 2009 First Gas Grolloo 4 December 2009 M. Hoefsloot opens well Northern Petroleum Nederland B.V. Lange Voorhout 86 unit S2b 2514 EJ s Gravenhage T. +31(0)70 3121570; F. +31(0)70…
NORTHERN PETROLEUM Plc Northern Petroleum Plc Netherlands New Gas Production 8th December 2009 2
The Netherlands Six Field Development Project Overview 2005 Papekop Production licence application Agreement with NAM Six fields - four gas - two oil Reserves P1 P2 P3 Revenues Production Forecasts Summary of latest and…
Company Overview Northern, an FTSE AIM UK 50 Index Company, is an oil and gas production, development, exploration and asset trading company focused within petroleum producing areas of low political risk in Europe. The Company…
Northerns Portfolio Netherlands: 5 onshore production licences United Kingdom: 1 offshore production licence 2 producing oil fields 3 onshore exploration licences 11 onshore exploration 2 gas fields in production licences 2P…
Executive Management Team Strong management team Over 250 years industry experience Derek Musgrove M.Eng, B.Sc Chris Foss B.Sc(Econ), ACA Graham Heard B.Sc, CGEOL FGS Managing Director Finance Director Exploration and Technical…
Netherlands: Overview Producing fields: Waalwijk P12 Grolloo Developments (2100 boepd increasing to 5300 boepd net by 2013) Geesbrug Gas Brakel Gas Wijk en Aalburg Gas Ottoland Oil & Gas Papekop Oil & Gas Other Discoveries:…
COMPARISON OF PRE / POST FRAC TEST AND OPERATING RATES WELL RATES INITIAL ANNUAL AVERAGED DAILY FLOW RATES PRE FRAC POST FRAC FACILITY CONTRACT INITIAL PLANNED POSSIBLE UPSIDE Grolloo 240 700 400 200 200 VERY GOOD Geesbrug 145 730…
NETHERLANDS PRODUCTION FORECAST : NEW DEVELOPMENTS- 5 YEARS NET ANNUAL AVERAGE PRODUCTION 7,000 TOTAL DEVELOPMENTS GAS DEVELOPMENTS 6,000 OIL DEVELOPMENTS ACCELERATED GAS DEVELOPMENTS OIL EQUIVALENT PRODUCTION (boe/d)…
North East Netherlands Tiendeveen Prc 10
Drenthe Area Gas Developments Wells drilled by NAM Grolloo and Geesbrug production capacity capable of Wells hydraulic fractured by NPN increase. Evaluation of flow rates after several months production Excellent post fracture rates…
South West Netherlands North Ottoland prospect defined with potential for 142 bcf gas in place based on previous gas discovery Haastrecht-2B and possible 485 million barrels in place if Ottoland oil water contact invoked…
Andel III Licence Gas Developments (Brakel and Wijk en Aalburg) Permitting ongoing Gas sales pipeline construction underway First gas processing facility (Brakel) ready to ship for installation January 2010 All critical equipment…
Ottoland Sidetrack drilled Well fracced 2009 Planning and procurement of equipment is well under way Long term test Q1 2010 Design permanent production facilities for first oil will be confirmed post testing 14
Papekop Oil Development Permitting ongoing Preliminary engineering for facilities and loading area completed Drilling programme subject to review of results of hydraulic fracture programme at Ottoland and zoning exemption Q4 2010…
2010 Revenues Gas price 20* cents per nm 2010 Four new fields gross daily production 800,000 Nmpd 2010** Grolloo 200,000 m/day 2010 Revenues (initial) 20 million 45% to Northern Geesbrug 200,000 m/day starting end 2009 Brakel…
Italy Licences Netherlands Licence Status Interest Operator Onshore Exploration Oosterwolde Licence Gas Utrecht Licence Oil/Gas Papekop Licence Oil/Gas Drenthe III (Geesbrug) Licence Gas Drenthe IV (Grolloo) Licence Gas Andel…
Geesbrug Pipeline Laying 18
NETHERLANDS PRODUCTION FORECAST : NEW DEVELOPMENTS- 5 YEARS NET ANNUAL AVERAGE PRODUCTION 7,000 TOTAL DEVELOPMENTS GAS DEVELOPMENTS 6,000 OIL DEVELOPMENTS ACCELERATED GAS DEVELOPMENTS OIL EQUIVALENT PRODUCTION (boe/d)…
Northern is Delivering Production at increased levels as a result of fraccing Further development of existing discoveries Re-investment in existing high potential portfolio Adding value by deals 20
Solid Partners The Netherlands Dyas EBN Nederlandse Aardolie Maatschappij (NAM) Wintershall Noordzee Star Energy (subsidiary of Petronas International) Italy Shell Italia E&P Guyane Tullow Oil Shell France Total 21
What our Partners say....... I am delighted with Northerns first successful development in the Netherlands. It shows there is still sufficient gas potential in the Netherlands and it is another step towards our goal of producing 30…
Summary of Next Activities Netherlands Two oil fields and four gas fields in development onshore The Netherlands, (45.5 million boe net P2 reserves) Plans for development of more Netherlands discoveries 2010 onwards Italy Shell…
Italy: Overview Portfolio in excess of 15,000 km, equivalent to over 70 North Sea blocks 29 Permits and preliminary awards: - 6 onshore and 23 offshore exploration permits P2 Reserves of 53.2 million bbl Good fiscal terms…
UK: Overview 10% interest in Horndean oil field and 5% interest in Avington oil field, both operated by Star Energy 3 wells planned, two appraisals Markwells Wood & Hedge End and one exploration Havant P2 Reserves: 4.48 mmbbl…
Guyane: Overview Northern has 1.25% beneficial interest Tullow Oil operated with 39.5% interest Tullow Farm out to Shell of 33% and Total France 25% Large 3D seismic survey currently being acquired over eastern slope leads…
Northern is Delivering Production at increased levels as a result of fraccing Further development of existing discoveries Re-investment in existing high potential portfolio Adding value by deals 27
Northern Petroleum Plc Martin House 5 Martin Lane London EC4R 0DP www.northpet.com 020 7469 2900 28
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