NORTHERN PETROLEUM PLC INVESTOR PRESENTATION FULL CYCLE OIL COMPANY NOVEMBER 2012
The Northern Petroleum Value Proposition Northern Petroleum is an AIM quoted full cycle exploration and production company The portfolio currently includes: Exploration and appraisal in Guyane, Italy and The Netherlands Development…
Overview Drilling development wells in core production base in The Netherlands Exploration upside in Italy and Guyane core areas Valuable asset and reserve positions acquired at low entry costs Company well funded with no debt…
Asset Portfolio 2P Reserves (in barrels of oil equivalent) 17.9 million 53.2 million Guyane - New Oil Province 5 producing gas fields and tariff income 3 core areas offshore 4 wells to follow up 2011 discovery of new 2 new…
Northerns Business Model and Strategy Opportunity to Requirement for realise value for CASH new equity is Shareholders kept low. reviewed at each PRODUCTION phase of the cycle. ACQUIRE TRADE FARM OUT DEVELOPMENT…
Guyane Northpet Investments Limited has 2.5% interest*, Tullow Oil 27.5%, Shell 45%, Total 25% In 2011, Zaedyus-1 was the first ever deep water well in the region and Shell, Total and Tullow believe that a new oil province was…
Guyane Turbidite Fan System The turbidite fan system in play on the Zaedyus discovery well is similar to that found along the West African coast in Tullows Jubilee field offshore Ghana Good quality 3D seismic is required to define…
Guyane: Market & Operational Plans Commitment to and funding in place for a four well appraisal and exploration programme in this very high potential new oil province All options for maximising shareholder value will be considered…
Italy: Market & Operational Plans Principal efforts are concentrated on the Southern Adriatic Sea assets Proceed with a farmout process, targeted to provide funds to drill company changing exploration - the new Monti government…
The Netherlands: Five Producing Gas Fields, Tariff income, Exploration & Shale Oil Potential Net proven and probable reserves: 79.2 billion cubic feet of gas 4.2 million barrels of oil 2 gas development wells in 2013 Development…
Papekop 3D original processing in time & pre-stack depth 1 km migration processing TWO-WAY TIME (second) DEPTH (metre) 1 km Slide 12
The Netherlands: Market & Operational Plans Focus on increasing production from the current forecast: Expansion of production at Geesbrug Permitting of Papekop and Ottoland sites for development Drilling material exploration wells at…
Competitive Advantages A full cycle independent oil company Long record of good management, business integrity and acknowledged environmental practice Commercial flexibility for projects to be purchased or sold at any time within a…
Investment Value Summary Shares in issue as of 26th November 2012 95,365,660 Share price at close 26th November 2012 64p Market capital 61.0 million Less cash in hand at 30th June 2012 22.4 million ____________ Valuation of…
NORTHERN PETROLEUM PLC INVESTOR PRESENTATION NOVEMBER 2012 FULL CYCLE OIL COMPANY ADDITIONAL INFORMATION
Record of Progress
Italy Northern suspended the two Southern Adriatic permits from 13th January to 26th September 2012 pending approval of the Environmental Impact Assessment (EIA) for the planned 3D seismic survey. Subsequently Northern has approached…
2012 Corporate Interim Results Overview AIM Listed Company: (AIM:NOP) Shares are approximately 64p and 95,365,660 in issue as at 26th November 2012 with 28.23% not currently in public hands. Interim 2012 Interim 2011 Year 2011…
Quality Partners THE NETHERLANDS EBN Nederlandse Aardolie Maatschappij (NAM SHELL/EXXON) WINTERSHALL TOTAL ITALY AZIMUTH GUYANE TULLOW OIL SHELL TOTAL UK IGAS ENERGY Slide 20
Northern Directors and Non-Executive Directors Richard Latham Non-Executive Chairman Derek Musgrove Managing Director Keith Bush Chief Operating Officer Graham Heard Technical & Exploration Director Chris Foss Executive Director…
Advisors Westhouse Securities NOMAD and Broker Richard Baty Petre Norton Ian Napier Gordons Partnership LLP Company Secretary James Gordon FTI Consulting PR Billy Clegg Edward Westropp Bishopsgate Communications PR Nick Rome…
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