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HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc

Northern Petroleum Plc · Sep 29, 2010 · 10 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. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 1
    Northern Petroleum Plc Interim Results - 29th September 2010 Northern Petroleum Plc
  2. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 2
    Locations The Netherlands: 6 onshore production licences United Kingdom: 1 offshore production licence 3 onshore exploration licences 10 onshore exploration 5 gas fields in production and production licences 1 offshore…
  3. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 3
    Interims - Highlights Profit before tax 2.286 million on Revenue 7.013m, + 150% on comparative period 25.8 million cash and cash equivalents after Capex of 6.79 million and 12.2 million Placing Production 214,000 boe, +250% on…
  4. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 4
    Strategy for Growth Steady increase of production in The Netherlands from the development of 8 oil and gas discoveries and the drilling of additional development wells. 3 discoveries now developed to augment existing 2 producing…
  5. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 5
    The Netherlands Producing fields (average for H1) Waalwijk 101 net boepd P12 100 net boepd Drenthe IV- Grolloo 424 net boepd Drenthe III Geesbrug 541 net boepd GasTerra Contracts (commodity basket pricing formula) Brakel onstream…
  6. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 6
    Italy The key exploration area Holdings in excess of 14,710 km (net) 36 Blocks, 5 onshore and 31 offshore exploration permits/applications Good fiscal terms corporation tax 33% and low royalties Offshore: Offshore West of Sicily…
  7. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 7
    United Kingdom Four Drilling Projects Efforts in progress to sell at price reflecting much of independently assessed value (6.82 million barrels of 2P reserves and 13bopd of production) Preparing to drill Markwells Wood; Havant site…
  8. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 8
    Guyane Northern (1.25%) participating alongside Tullow, Operator (39.5%), Shell (33%) and Total (25%) in the drilling of an exploration well offshore Guyane with a currently predicted spud date Q1 2011. Interim Results 2010…
  9. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 9
    Summary of key near term activity Ongoing: UK and Italian asset sales/farmouts; reserve based debt finance discussions; interpretation of Thrust and Fold Belt 3D volume Q4 2010: Longastrino farmout; drilling of 44bcf prospect…
  10. HALF YEAR 2010 EARNINGS CALL – Northern Petroleum Plc – slide 10
    Explorer, Producer and Developer Northern Petroleum Plc Martin House 5 Martin Lane London EC4R 0DP www.northpet.com 020 7469 2900 Contacts; Chris Foss, Director of Finance, Legal & Corporate Affairs Graham Heard, Exploration…

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