Highlights 2014 Daily production of over 860 barrels Operating margin 27%* Geopolitical events and falling oil price Significantly strengthened reserves base 28% shareholding in Petrogrand * Excluding one-off items 3
Financial development SEK million Excluding positive and negative one-off items 4
Highlights 2015 Q1 Interim Report Daily production of over 800 barrels Operating margin 7% Average Brent oil price 54 (108) per barrel New seismic on Suyanovskoye 5
Oil production in barrels per day 2015 Q1 6
Increase in oil reserves in Russia TRACS Report September 2009 TRACS Report October 2014 50 45 41 40 35 30 Million barrels 25 23 20 15 10 7 6 5 1 1 0 1P 2P 3P 7
Where will the markets stabilize Rig count in the worlds largest oil- producing nation 8
The market environment is dynamic, to say the least The past 18 months have been a rough ride We have a significant increase in reserves, a strong asset base and an experienced team Where do we go from here 9
2P production profile on the Rustamovskoye field Peak production over 5,000 barrels per day Source: AGR TRACS 2014 SPE PRMS Reserves Report 10
Seismic program on neighboring Suyanovskoye Three structures and 47 million barrels of oil resources Matavlinskaya Orlinskaya Yanbayskaya
Lelyaki - A classic redevelopment case Ukraine implementing a program to modernize and deregulate the country and its economy Joint venture with Ukrnafta, onshore in Ukraine Previously one of the largest producing onshore fields in…
How will the development be financed Cash flow from oil sales is currently being invested into the assets A full-scale development program requires financing SEK 50 million shareholding in Petrogrand SEK 37 million receivable in…
Why invest in Shelton Petroleum Attractive risk-reward on proven oil fields Low production costs and healthy profit at current oil price Significant upgrade in reserves and resources has operational and financial benefits Increase…
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