NORTHERN PETROLEUM PLC FULL CYCLE OIL COMPANY April 21st 2012
Full Cycle Oil Company Over a period of 13 years, Northern Petroleum has proven itself as a Full Cycle Operator; exploring, developing and producing oil and gas fields. Northern has invested in non-Operator positions e.g. the joint…
Risk Management Geographical and geological risks are reduced by the diversity by country and basin. Risk is further reduced by mainly investing in basins with proven economic hydrocarbon production. All activities are governed…
Industry Standard Business Model Invest Cash Flow Explore Produce Develop Slide 4
Northerns Business Model and Strategy CASH PRODUCTION ACQUIRE TRADE FARM OUT DEVELOPMENT EXPLORATION TRADE Slide 5
Denmark Realisation of Added Value 1999 2012 PROJECT Losses controlled 2001 TERMINATED OFFSHORE DENMARK 2002 25,000 IN SHARES Slide 6
Italy 2006 2008 FARMOUT FARMOUT TO STRATIC AVOBONE Realisation of Added Value 1999 2012 2001 Losses controlled SAVIO LICENCE APPLICATION Slide 7
Ireland 2002 SEVEN HEADS SOLD 2 MILLION + SHARES IN Realisation of Added Value RAMCO 1999 2012 2001 Losses controlled SEVEN HEADS 4% PURCHASED FOR 225,000 PAID IN SHARES Slide 8
Spain 2005 AYOLUENGO SOLD 300,000 Realisation of Added Value 1999 2012 Losses controlled 2002 AYOLUENGO 56,250 NET Slide 9
The Netherlands 2007 SOLD 25% OF DEAL FOR 32 MILLION + INTERESTS IN 2 PRODUCING GAS FIELDS Realisation of Added Value 1999 2012 Losses controlled 2005 NAM ACQUISITION FOR NIL COST Slide 11
The Netherlands 2008 SOLD GAS STORAGE PROJECT FOR Realisation of Added Value 7 MILLION 1999 2012 2007 Losses controlled WAALWIJK FOR 500,000 Slide 12
Competitive Advantages Long record of good management, good environmental practice and dealing integrity. Commercial flexibility opportunity for portfolio projects to be purchased or sold at any time. Northern continues to carry…
Quality Partners NETHERLANDS DYAS EBN Nederlandse Aardolie Maatschappij (NAM SHELL/EXXON) WINTERSHALL TOTAL ITALY SHELL GUYANE TULLOW OIL SHELL TOTAL UK IGAS ENERGY Slide 14
Northerns Activities Summary Interest in 2 producing oil 6 producing gas fields fields 2 oil fields awaiting development Testing oil discovery 3 currently planned exploration wells Further oil discoveries Shale oil potential and…
Offshore Guyane September 2011 Oil Discovery in New Oil Province Rapid follow-up in 2012 Northpet Investments Limited has 2.5% interest, Tullow Oil 27.5%, Shell 45%, Total 25% The first ever deep water well was also the first…
The Netherlands 6 producing gas fields 2 oil fields awaiting development 3 currently planned exploration wells Oil shale potential Slide 17
Netherlands: Shale Oil Potential 20-30 billion of barrels of oil in place Rock characteristics compare very favourably with US analogues Eagle Ford Utica Shale Report Concludes: Good TOC Good porosity Good permeability…
The Netherlands Operations - Field Sites Geesbrug Site at Handover Gas and Condensate Production Exploration Drill Site Ottoland Extended Oil Testing http://vimeo.com/34957674 Slide 19
United Kingdom Interest in 2 producing oil fields Testing oil discovery Further oil discoveries and exploration Slide 20
UK Operations Markwells Wood Environmentally Responsible Site Slide 21
Italy 4 core areas offshore Proven hydrocarbon systems La Tosca-1 onshore well planned for first half 2012 Slide 22
ITALY Offshore Core Areas Large Reserve Potential 4 1. West of Sicily Thrust Belt 2. Sicily Channel 3. Biogenic and Thermogenic gas offshore Sicily and in the Taranto Gulf 4. Southern Adriatic 1 3 2 Slide 23
Future Plans Northern Petroleum continues to identify and appraise new projects in conjunction with progress on its trading activities. Slide 24
Corporate Overview Northern Petroleum plc holds over 50 licences in a number of areas and continues with its strategy of adding and securing assets and thereby value for shareholders as its engages with projects at all stages of the E&P…
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