NORTHERN PETROLEUM Plc Northern Petroleum Plc 22nd July 2009
HSE Programme 25,146 Loss Time Incidents free man hours since assuming Operatorship at Waalwijk August 1, 2007 54,378 Loss Time Incidents free man hours in drilling and completions in 2009 No spills nor uncontrolled emissions
Where we are now 3 Countries 50 + Licences 50+ Prospects 12 Petroleum Systems
Northerns Portfolio Netherlands: 5 onshore production licences United Kingdom: 1 offshore production licence 2 producing oil fields 2 onshore exploration licences 11 onshore exploration 2 gas fields in production licences 2P…
Where we are now E&P company focused on proven hydrocarbon systems in low political risk countires in Europe, namely the Netherlands, Italy and the UK Reserves growth over 5 years Now hold a total of over 50 licences and preliminary…
Financial Highlights Net Assets (million) Cash (million) 60 50 40 Working capital, million 30 Cash million 20 10 0 Net profit of 9.91million (2007: 20.96 million) Group Distributable Reserves (million) Undiluted…
Northerns Add Value and Trade Strategy
Latest and Next Early 2009 seismic survey completed over joint licences with Shell Italia Following acquisition of ATI 103 mmboe Proven plus Probable Reserves Two oil fields and four gas fields in development onshore The…
Netherlands Pre Frac - Initial Forecast of Production Rates PRODUCTION FORECAST - 5 YEARS NET PRODUCTION 7,000 TOTAL DEVELOPMENTS 6,000 GAS DEVELOPMENTS OIL DEVELOPMENTS OIL EQUIVALENT PRODUCTION (boe/d) 5,000 4,000…
Current Planned Operations* Main Activities 2009 2010 2011 2012 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Production Gas Projects (GRL, GSB, BRAK, W&A) 1st Gas Oi & Gas Projects (OTL, PKP) OTL 1st Oil (Test Facilities) 1st Oil…
Northern Petroleum Plc v Brent v FTSE All Share v AIM Oil & Gas 5 year
Northern Petroleum Plc v RDSB v BP v ENI 5 Year
SETS NOP on reserve list for following indices since mid June AIM 100 AIM UK 50 As a consequence NOP now also traded via SETS Spreads narrowing...
Average Time Weighted Spreads (bps) Time Weighted Average Spreads (bps) 700 600 500 400 300 200 100 - April Average May Average June Pre-SETS June Post-SETS July Average (up to 14th)
Netherlands: Overview Producing fields: Waalwijk P12 Developments (2100 boepd increasing to 6000 boepd net by 2013) Papekop Oil & Gas Ottoland Oil & Gas Geesbrug Gas Wijk en Aalburg Gas Brakel Gas Grolloo Gas Exploration: 4 licences - a…
Andel III Gas Developments - Wijk and Aalburg first NPN well hydraulically fractured in Netherlands - Design modified to accept post- hydraulic fracture rates Reserves BCF Max Flowrates (MMSCFD) Field P1 P2 P3 Pre- Frac Post-…
Andel III Gas Developments - Permitting ongoing - Gas sales pipeline construction kickoff meetings scheduled for late July - First gas processing facility (Brakel) ready for shipment to Netherlands in August - All critical equipment…
Andel III Oil Development - Completed successful hydraulic fracture of well - Arranging for long-term production test - Development permitting ongoing
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
Drenthe Gas Developments - Excellent post hydraulic fracture rates Grolloo a) Grolloo; retrieved downhole recorders on 17th July and results being interpreted b) Geesbrug; workover ongoing with hydraulic fracture planned for…
New Technology 2009 Worked jointly with establishing a new drilling contractor in the Netherlands (NDDC), using innovative pipehandling system to increase efficiency and safety in operations Established European record for…
Netherlands: Tiendeveen well Tiendeveen prospect Primary targets: Bunter and Carboniferous sandstones Gas in Place (Mean estimate): 67 bcf 22
Netherlands: Utrecht Licence 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…
Italy: Overview 27 Permits and preliminary awards - 6 onshore exploration permits - 21 offshore exploration permits Probable Reserves of 53.2 million bbl Portfolio in excess of 14,000 km, equivalent to over 70 North Sea blocks…
Southern Adriatic Fields and Prospects
Offshore Sicily Oil Potential -1-
Undeveloped Gas Discoveries Area surrendered by Eni before deregulation of the gas and power markets Preliminary award received and the environmental report submitted Eni 3D seismic data available for purchase Exploration…
Eastern Po Valley Exploration Prospects
Longastrino Lower Pliocene Time Structure (Alfonsine 3D) Amplitude Anomalies
Onshore Italia Longastrino Permit Alfonsine 3D Inline 1390 SW NE
Guyane: Overview Large underexplored region, part of EU Tullow Oil operated Northern has 1.25% beneficial interest Licence extended into a second term Eastern slope leads now recognised as having similarities to Tullow discoveries…
United Kingdom: Overview 19th Century Oil shale industry was the first source of hydrocarbons Search for onshore oil began in 1918, following concerns about supply during WWI 1939 Oil discovery at Dukes Wood (Eakring) in…
Northern Petroleum Position 10% interest in Horndean oil field and 5% interest in Avington oil field, both operated by Star Energy 3 wells planned, two appraisal (Markwells Wood & Hedge End), one exploration (Havant) P2…
Geology of the region 1. Major structural framework in southern England was formed around 300Ma, when the Armorican crustal block pushed northwards creating a series of thrusts and folds with a dominant E-W trend. 2. Post-orogenic…
The Markwells Area Markwells Wood prospect lies on trend with the Horndean Oil field to the West and the Singleton Field to the East. Field has seen little decline in production levels since 2003 Production averaged 182 bopd for 2008
Markwells Wood-1 Proposed location at top Cornbrash
Isle of Wight Exploration 2005 Bouldnor Copse site prior to construction
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