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Q3 2012 EARNINGS CALL – Atlantic Petroleum

Atlantic Petroleum · Nov 28, 2012 · 18 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. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 1
    WEBCAST PRESENTATION Q3 2012 RESULTS 28th November 2012
  2. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 2
    3Q 2012 Highlights Revenue in 3Q 2012 DKK 157.9MM and in first nine months DKK 437.3MM EBIT in 3Q DKK 55.7MM and in first nine months DKK 132.9MM EBITDAX in 3Q DKK 111.9MM and in first nine months DKK 318.0MM Cash generated from…
  3. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 3
    Income Statement 9 months 2012 9 months 9 months th to 30th September to 30 September Full year 2012 2011 2011 DKK DKK DKK Revenue 437.311.835 336.980.009 434.830.735 Cost of sales -257.287.922 -201.872.223 -261.196.369 Gross…
  4. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 4
    Balance Sheet and Cash Flow 9 months 2012 DKK MM Balance Sheet End 3Q 2012 End 2011 Total assets 965.0 776.9 - Cash and cash equivalents 298.5 114.3 Equity 491.3 429.3 Bank debt 97.5 105.0 - Long term 78.0 65.0 - Short term…
  5. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 5
    2012 Production & Guidance 6 November 2012
  6. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 6
    Our Strategy & Building Blocks Provide step change growth through high impact exploration and targeted acquisitions GROWTH THROUGH GROWTH BY FARM-IN & DEVELOPMENT ACQUISITIONS Create organic growth through Increase portfolio…
  7. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 7
    Atlantic Petroleum Licences November 2012 38 LICENCES UK 29 exploration & appraisal licences 3 licences with fields in production Faroe Islands 3 exploration licences Ireland 1 exploration licence Norway 2 exploration…
  8. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 8
    Norway - Significant Exploration Potential Remains Norway is deviating from the classic creaming curve in 68 that the past several years have seen larger discoveries 66 64 62 Cumulative Discovered oil & gas resources by country 60 by…
  9. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 9
    Exploration & Appraisal Wells Wells Wells drilled/planned Cum. wells drilled Cum. wells drilled drilled 5 14 12 4 Tentative 10 Norway well 3 8 6 2 4 1 2 0 0 2009 2010 2011 2012 2013 2014 Firm Exploration &…
  10. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 10
    Skerryvore: 30/12c, 30/13c & 30/18c Partners: Parkmead (Operator) 30.5% Atlantic Petroleum UK 30.5% Bridge 25% Dyas 14% 1 Firm well committed Skerryvore P90 P50 P10 resources: 53 132 219 MMBoe 11 November 2012
  11. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 11
    Birnam: 15/16e Partners: Parkmead (Operator) 34%, Atlantic Petroleum UK 33% Faroe Petroleum 33% Birnam P90 P50 P10 resources: 5 36 199 MMBoe 12 November 2012
  12. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 12
    Eddystone & Bell Rock: 205/23, 24, 25, 28, 29, 30 Partners: Parkmead (Operator) 43% Atlantic Petroleum UK 43% Dyas 14% Eddystone P90 P50 P10 resources: 71 166 328 MMBoe Bell Rock P90 P50 P10 resources: 4 9 17 MMBoe 13…
  13. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 13
    Davaar: 205/12 Partners: Parkmead (Operator) 30%, Atlantic Petroleum UK 30%, Summit 26% Dyas 14% Davaar P90 P50 P10 resources: 94 186 336 MMBoe 14 November 2012
  14. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 14
    Net Cash & Market Cap. 15 November 2012
  15. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 15
    Net Cash & Market Cap. 16 November 2012
  16. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 16
    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.1100…
  17. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 17
    Outlook New production guidance is in the range 900,000 940,000 boe New EBITDAX guidance is in the range DKK 375MM DKK 425MM UK 27th Licensing Round. Five applications are still outstanding Participate in the 22nd Norwegian…
  18. Q3 2012 EARNINGS CALL – Atlantic Petroleum – slide 18
    Contact Headquarters, Faroe Islands P/F Atlantic Petroleum Yviri vi Strond 4 P.O.Box 1228 Faroe Islands Tel +298 350100 Norway offices, Bergen Atlantic Petroleum Norge AS Kanalveien 109 5068 Bergen Norway Tel +47 99205989…

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