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LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum

Atlantic Petroleum · Sep 25, 2012 · 19 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. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 1
    ATLANTIC PETROLEUM leggjarafundur Lkshll 25 September 2012
  2. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 2
    Our Strategy Main Focus on Offshore North West Europe Mature basin but significant opportunities remain for Small to Mid Cap players Provide Steady Growth from the Existing Base Reserve/production growth in existing producing…
  3. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 3
    1H 2012 Highlights Revenue in 1H 2012 was DKK 279.4MM which is the highest ever EBIT in 1H 2012 was DKK 77.2MM EBITDAX in 1H 2012 was DKK 206.1MM which is the highest ever Cash and cash equivalents at end 1H 2012 was DKK 231.2MM,…
  4. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 4
    1H 2012 Income statement 6 months 6 months to 30th June to 30th June 2012 2011 DKK DKK Revenue 279.439.202 241.043.078 Cost of sales -167.519.519 -145.463.749 Gross profit 111.919.683 95.579.329 Exploration expense -15.238.649…
  5. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 5
    1H 2012 Balance Sheet and Cash Flow DKK MM Balance Sheet End 1H 2012 End 2011 Total assets 898.3 776.9 - Cash and cash equivalents 231.2 114.3 Equity 473.4 429.3 Bank debt 97.7 105.0 - Long term 78.0 65.0 - Short term 19.7…
  6. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 6
    Licences A total of 34 licences 3 in the Faroe Islands 1 in Ireland 30 in UK Ownership shares between 1% and100% Production from 3 fields FDP submitted for Perth 7 September 2012
  7. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 7
    Production Chestnut, Licence P.354, Ettrick & Blackbird, Licence P.317, P.273, & P.1580, Block 22/2a Blocks 20/2a, 20/3a, & 20/3f JV partners and Interests: JV partners and Interests: Centrica Energy Upstream (Operator) 69.875%…
  8. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 8
    2012 Production & Guidance Atlantic Petroleum Production 2012 Boe 900000 Actual Production 800000 Production Guidance Interval 700000 REVISED Production Guidance Interval 600000 500000 400000 300000 200000 100000…
  9. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 9
    Faroese Licence 006 - Brugdan II Brugdan Deep was spudded in June 2012 Water Depth 400 500m P50 prospective resources net to AP 9.2mmboe unrisked. Risked: 1.2mmboe Brugdan outline vs Johan Sverdrup Norway Statoil 50%…
  10. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 10
    Atlantic Petroleum Farm-ins Magnolia P1610 & P1766 Polecat P1100 11 September 2012
  11. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 11
    AP Licences & Wells planned for 2012 2013 Spaniards 2012 well Premier Oil Magnolia 2013 well - Dana Polecat 2012 well - Nexen Orchid Feb 2012 well Summit Pegasus West 2013 well - Centrica Endymion 2013 well - Centrica Brugdan…
  12. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 12
    Exploration & Appraisal NEXEN DANA 13 September 2012
  13. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 13
    Planned Activities (2012 to 2013) 2012 2013 Planned Activities (2012 to 2013) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q L.006 Brugdan Deep Brugdan II well Faroe L.014 Marselius 2D Seismic Islands L.016 Klubkan 3D Seismic (proposal) P.1556…
  14. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 14
    Net Cash & Market Cap. 15 September 2012
  15. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 15
    Net Cash & Market Cap. 16 September 2012
  16. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 16
    Share price Development & Turnover 17 September 2012
  17. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 17
    Why Invest In Atlantic Petroleum 18 September 2012
  18. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 18
    Outlook New production guidance is in the range 800,000 870,000 boe New EBITDAX guidance is in the range DKK 270MM DKK 350MM On the Perth field, await engagement with new operator Parkmead and await feedback on the Field…
  19. LEGGJARAFUNDUR LKSHLL – Atlantic Petroleum – slide 19
    Contact Headquarters, Faroe Islands P/F Atlantic Petroleum Yviri vi Strond 4 P.O.Box 1228 Faroe Islands Tel +298 350100 UK offices, London Ben Arabo, CEO Atlantic Petroleum (UK) Limited Tel +298 350 100 26/28 Hammersmith…

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