Investor Presentation Cairn Energy PLC September, 2011
3 Investor Presentation September, 2011 Cairn Overview A Consistent Strategy for Value Creation Growth Focus Balanced portfolio Transformational potential New opportunities Financial Focus Vedanta deal Strong balance sheet…
4 Investor Presentation September, 2011 Cairn Overview Track Record of Value Creation Cairn strategy creation of material growth potential Realisation and return of value to shareholders Equity raised in UK markets between 1988 and…
5 Investor Presentation September, 2011 Cairn Overview Growth and New Opportunities Establish commercial reserves in strategic positions to create and deliver shareholder value Concentrate on material equity positions Balanced…
6 Investor Presentation September, 2011 Finance Transaction with Vedanta Cairn sale of 40% of CIL to Vedanta at INR 355 per share realising 6 billion gross proceeds First 10% tranche completed 11 July 2011, post tax proceeds 1.4…
7 Investor Presentation September, 2011 Cairn Overview A Consistent Strategy for Value Creation Entry in Bangladesh 1993 (Corporate acquisition HSSH 1995) Sangu gas discovery 1996 Entry in India (Corporate acquisition Command…
8 Investor Presentation September, 2011 Cairn in India Approved Rajasthan Plan and Potential Prize to operate 30% of Indias Domestic Oil Production Bhagyam Shakti Cairn India Operated Blocks Gross Production Existing fields Ravva…
9 Investor Presentation September, 2011 Greenland Strategy Cairn is the largest acreage holder and most active Operator in Greenland Cairn has acquired 2D seismic database 85,000km, two 3D GREENLAND surveys to be completed…
10 Investor Presentation September, 2011 Greenland West Greenland Potential U.S. Geological Survey (USGS) Risked Yet to Find (YTF) volumes of 7.3 Billion bbls and 54 TCF (excluding South Greenland) 50% Probability of finding one…
11 Investor Presentation September, 2011 Greenland Exploration History Cairn entered Greenland at 120.00 2006 / 2007 250000 start of new exploration Licensing rounds phase 100.00 EnCana and Chevron CUMULATIVE LICENSED…
12 Investor Presentation September, 2011 Greenland Cairn Acreage Position Cairn holds 11 blocks out of 20 BLOCK 2 QAMUT Conoco Philips Global Greenland Ltd 61.25% DONG Greenland A/S 26.25% Nunaoil A/S 12.5% currently licenced…
13 Investor Presentation September, 2011 Greenland 2011 Programme Exploration Wells Up to 4 / 5 Exploration wells Two 3D Seismic Surveys LF7-1 Plugged and abandoned July 2011 Geochemical Sampling Survey AT7-1 Temporarily suspended…
14 Investor Presentation September, 2011 Greenland LF7-1, AT7-1 Wells and Potential Fifth Well (AT2 prospect) Baffin Bay Basin and Sub Basins West Greenland South Ungava Basins Pitu GREENLAND 100 km AT7-1 Napariaq…
15 Investor Presentation September, 2011 Western Mediterranean Frontier Exploration - Spain Two permits (4,000 km2), SPAIN including 5 blocks, awarded and Alta Mar-1 Alta Mar-2 effective 23 Jan 2011 Four exploration phases of…
16 Investor Presentation September, 2011 New Opportunities Eastern Mediterranean Frontier Exploration 2012 bid rounds in: Syrian Licensing Round Announced March 2011 On Hold Lebanon and Cyprus III 2,885 km2 5CConsortium II…
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