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2006 ANNUAL GENERAL MEETING – Premier Oil

Premier Oil · May 19, 2006 · 19 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. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 1
    2006 AGM Presentation 19th May 2006
  2. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 2
    Operational highlights Production ahead of Strong gas demand in Pakistan, Indonesia offsets UK budget at 33,300 boepd decline. Rising profile in 2006. Developments on track West Natuna (West Lobe) expected 3Q 2006 in 2006 Chinguetti…
  3. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 3
    Financial highlights Operating profit up 125.7m Rising oil and gas prices, 112% (2004: 59.3m) stable production Profit after tax up 75% 38.6m Rising profits offset by higher (2004: 22.1m) taxation charge Healthy cashflow 118.9m…
  4. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 4
    Premiers business strategy Strategy Progress Targeting 50,000 Rising production in boepd in medium 2006 term Portfolio of new and Minimum of 4 high incremental impact wells per development annum within projects disciplined…
  5. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 5
    Share price performance Premier Oil share price performance over 5 years 1200 1000 Share price (p) 800 600 400 200 0 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Premier FTSE 250 (rebased) FTSE Oils (rebased) Page 6…
  6. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 6
    Summary Exciting year ahead Close out gas sales contracts in Indonesia/Pakistan Actively target acquisitions in core areas High impact exploration in Guinea Bissau & Vietnam Page 7 2006 AGM presentation
  7. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 7
  8. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 8
    Resolution 1 Approval of the Report of Directors, the Auditors Report, and the accounts of the Company for the year ended 31 December 2005 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting…
  9. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 9
    Resolution 2 Approval of the Directors Remuneration Report for the year ended 31 December 2005 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,471 40,156,155 135 3,857,415 71…
  10. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 10
    Resolution 3 Election of Mr A.R.C. Durrant as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,610 46,708,980 33 57,854 25 15,396 99.88% 0.12% Page 11 2006 AGM…
  11. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 11
    Resolution 4 Election of Mr N. Hawkings as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,605 46,702,836 38 63,743 26 16,011 99.86% 0.14% Page 12 2006 AGM…
  12. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 12
    Resolution 5 Re-election of Mr M.A.K. Alazai as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,525 40,503,307 92 309,737 57 5,969,545 99.24% 0.76% Page 13 2006 AGM…
  13. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 13
    Resolution 6 Re-election of Mr I. Gray as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,564 42,118,254 63 351,368 47 4,312,607 99.17% 0.83% Page 14 2006 AGM…
  14. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 14
    Resolution 7 Re-election of Mr J.R.W. Orange as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,576 42,126,226 52 574,748 47 4,081,615 98.65% 1.35% Page 15 2006 AGM…
  15. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 15
    Resolution 8 Reappointment of Deloitte & Touche LLP as auditors For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,606 40,521,321 42 266,773 24 5,962,745 99.35% 0.65% Page 16 2006…
  16. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 16
    Resolution 9 Approval of Amendments to the Premier Oil Asset & Equity Plan For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,480 41,640,532 126 3,078,571 70 2,063,486 93.12%…
  17. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 17
    Resolution 10 Authority to issue a limited number of shares in the Company per s80 Companies Act 1985 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,549 46,610,015 85 155,652 37…
  18. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 18
    Resolution 11 Authority to allot capital for cash per s95 Companies Act 1985 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,519 46,593,202 103 167,150 48 22,190 99.64% 0.36%…
  19. 2006 ANNUAL GENERAL MEETING – Premier Oil – slide 19
    Resolution 12 Authority to purchase own shares For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,588 46,528,433 66 136,400 17 117,757 99.71% 0.29% Page 20 2006 AGM presentation

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