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2007 ANNUAL GENERAL MEETING – Premier Oil

Premier Oil · May 18, 2007 · 20 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. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 1
    2007 AGM Presentation 18th May 2007
  2. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 2
    Highlights Operated drilling Dua and Blackbird in Vietnam; Lembu successes in Peteng, Macan Tutul and Lukah in Indonesia & Vietnam Indonesia Current drilling in India 3 acquisitions adding 270 bcf net certified gas in North low…
  3. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 3
    Financial highlights Profit after tax Up 75% to 67.6 million (2005 - 38.6 million) Operating cashflow Up 102% to 244.8 million (2005 - 121.2 million) Operating costs Stable at 6.0 per barrel (2005 - 5.9 per barrel)…
  4. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 4
    Corporate strategy Corporate Strategy Deliver value through a growth focused independent upstream E&P business Production growth through development projects Focused high impact exploration Pursuit of acquisitions which are…
  5. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 5
    Share price performance Premier Oil share price performance over 5 years 1400 1200 1000 Share price (p) 800 600 400 200 0 May-02 May-03 May-04 May-05 May-06 May-07 18th May 2007
  6. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 6
    Look ahead Progress development sanctions High impact exploration in India and Pakistan Focus exploration efforts on 2008/9; Vietnam, Congo and Norway Complementary acquisitions to existing Businesses 18th May 2007
  7. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 7
  8. 2007 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 2006 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting…
  9. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 9
    Resolution 2 Approval of the Directors Remuneration Report for the year ended 31 December 2006 For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,141 33,464,376 106 5,744,823 42…
  10. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 10
    Resolution 3 Election of Professor David Roberts as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,225 43,451,530 36 31,517 18 9,871 99.92% 0.07% 18th May 2007
  11. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 11
    Resolution 4 Re-election of Sir David John as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,213 43,440,643 46 43,301 20 8,974 99.90% 0.10% 18th May 2007
  12. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 12
    Resolution 5 Re-election of Mr John Orange as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,201 41,768,176 53 1,151,599 35 573,143 97.32% 2.68% 18th May 2007
  13. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 13
    Resolution 6 Re-election of Mr Scott Dobbie as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,202 43,255,480 57 228,715 21 8,723 99.47% 0.53% 18th May 2007
  14. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 14
    Resolution 7 Re-election of Mr Simon Lockett as a Director For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,231 43,279,606 30 202,544 18 10,768 99.53% 0.47% 18th May 2007
  15. 2007 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 1,222 36,111,957 42 1,242,460 22 6,138,501 96.67% 3.33% 18th May…
  16. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 16
    Resolution 9 Authorisation for the company to communicate with its shareholders by website, e-mail, or other electronic means For Against Votes Withheld Holders Votes Holders Votes Holders Votes Voting Voting Voting 1,115…
  17. 2007 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 1,176 43,128,784 74 344,385 33…
  18. 2007 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 1,157 43,412,977 87 64,311 36 15,630 99.85% 0.15%…
  19. 2007 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 1,205 42,741,143 57 681,302 18 70,473 98.43% 1.57% 18th May 2007
  20. 2007 ANNUAL GENERAL MEETING – Premier Oil – slide 20
    18 th May 2007 www.premier-oil.com 18th May 2007

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