Preliminary Results Investor Presentation March 22, 2011 Discovering hidden value Discovering hidden value
INTRODUCTION Completion of the Vedanta transaction is awaiting Government of India approval Greenland has the potential for transformational growth Cairn continues to seek to add new opportunities Strong balance sheet provides…
FINANCE Introduction Record revenues (1.6bn), profit after tax* (1.1bn) and pre-tax operating cash flow (1.1bn) IFRS requires disclosure of Cairn India (CIL) as a discontinued operation in the Income Statement and as an asset…
FINANCE Vedanta Transaction Vedanta Transaction would allow: Return of substantial proportion of cash to shareholders Ongoing exposure to Cairn India growth Re-gearing to exploration success Flexibility in portfolio management…
RAJASTHAN Production Current Mangala production 125,000 bopd A total of 129 Mangala development wells drilled to date; 84 complete, 55 are currently producing Bhagyam production expected H2 2011 Approved plateau rate of 40,000 bopd…
RAJASTHAN Resource Base And Vision For Growth Gross Reserves, 250 Resources 1 140 and Potential 2 FDP Risked Prospective Approved Resource Production 1015 Barmer 175,000 Target Raageshwari and Saraswati Hill bopd + Others 12…
RAJASTHAN Frontier Exploration To Production Frontier Exploration Exploration & Appraisal Development & Production 1995 - 2002 2003 - 2005 2005 - 2011 Mangala Mangala Processing N-I-NORTH N-C-L N-C-H N-C-F Terminal N-H-1 SHAKTI…
GREENLAND First Mover Advantage In An Area With World Class Potential Cairn is the largest acreage holder and most active Operator in Greenland 2D seismic database 85,000km Operated 3 arctic exploration wells in 2010 Up to 4…
GREENLAND Scale Of Leading Acreage Position In North Sea Context Cairn Licence Blocks in Greenland Maps at the same scale 102,000 km2 Equivalent to 15 UK North Sea Quadrants or 450 North Sea Blocks Pitu GREENLAND Baffin Bay Basin…
GREENLAND Main Elements Of 2011 Work Programme 1 x 3D (1,500km2) Seismic Survey Up to 4 exploration wells Melville Marine Soil Sub Basin Investigations 3 Marine soil investigations for Baffin stratigraphic purposes Bay West…
GREENLAND State Of The Art Rigs Secured For 2011 Drilling Campaign Two rigs contracted in Dec 2010 for planned 2011 programme Leiv Eiriksson 5th Generation semi-submersible Ocean Rig Corcovado 6th Generation drillship Preliminary…
BAFFIN BAY Petroleum Systems 2010 Well Results GAS OIL T8-1 +T4-1 +Alpha-1S1 Alpha-1S1 Typical Tertiary Well Results Well Results Pre-Tertiary marine signature (oil type similar to the onshore Cretaceous Itilli oil seeps) Depth…
BAFFIN BAY Cretaceous Reservoirs Alpha-1S1 equivalent location GREENLAND Pitu Napariaq Onshore Sigguk Ingoraq Eqqua Atammik Lady Franklin Qulleq Kingittoq Saqqamiut Salliit Uummannarsuaq Offshore…
BAFFIN BAY Structures Line courtesy of TGS Preliminary Results Investor Presentation March 2011 Discovering hidden value 16
BAFFIN BAY - MELVILLE SUB BASIN High Graded Lead/Prospect In Pitu Block Block Unrisked Scoping Volumetrics In place potential 10 billion boe Prospective Resource 4 billion boe NW Potential SE Exploration Well Planned 3D…
BAFFIN BAY - WEST DISKO AREA Alpha Prospect Potential Re-Entry Or Re-Drill Offset volcanics Density density distribution Alpha Unrisked Scoping Volumetrics Distribution Actual density distribution of Through the the volcanics in…
BAFFIN BAY - WEST DISKO AREA Marine Soil Investigations For Shallow Stratigraphy Marine Soil Investigations SW NE Volcanics Cretaceous Early Mesozoic / Palaeozic Line courtesy of TGS 20 kms Preliminary Results Investor…
BAFFIN BAY - WEST DISKO AREA Regional Seismic Showing Structural Style And High Graded Prospect Potential Exploration Well Prospect Unrisked Scoping Volumetrics In place potential 5 billion boe Prospective Resource 1 billion…
BAFFIN BAY - WEST DISKO AREA Eqqua Block - High Graded Gamma Prospect Potential Exploration Well Combined Unrisked Scoping S N Volumetrics for both structures In place potential 10 billion boe Prospective Resource 3 billion…
WEST GREENLAND SUB BASINS 14 Exploration Prospects Currently Mapped Currently identified: Lady Franklin Atammik 9 prospects in Lady Franklin 5 prospects in Atammik LF7-A Prospect evaluation work ongoing AT7-A Prospects have…
WEST GREENLAND - LADY FRANKLIN High Graded Prospect LF7 Primary Objective Depth Map LF7 Unrisked Scoping Volumetrics In place potential 1.8 billion boe Prospective Resource 0.5 billion boe Block follow on prospective resource…
WEST GREENLAND - ATAMMIK High Graded Prospect AT7 Potential AT7 Unrisked Scoping Volumetrics AT7 well location In place potential 1.2 billion boe Prospective Resource 0.35 billion boe Block follow on prospective resource potential 1…
SOUTHERN GREENLAND Deep Water Leads And Prospects Cluster Cluster Unrisked Scoping Volumetrics In place potential 7 billion boe Prospective Resource 2 billion boe Fan Complex, Drape Closures SSW Above Rotated Fault Blocks NNE…
OTHER AREAS Spain and Sri Lanka Spain Sri Lanka, Cairn India Five blocks awarded under two permits on Exploration drilling to commence in mid 2011; 23 Dec 2010 and ratified on 23 Jan 2011 3 wells planned Total acreage 4,000 km2 5th…
CONCLUDING REMARKS Completion of the Vedanta transaction is awaiting Government of India approval Greenland offers transformational potential as we continue exploration in a multi-year drilling campaign 2011 is an exciting year…
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