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JULY 2011 INVESTOR PRESENTATION – Dno International Asa

Dno International Asa · Jul 4, 2011 · 12 slides

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Slides

  1. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 1
    Proposed merger of RAK Petroleums MENA Operating Subsidiaries into DNO and application for London listing Analyst phone conference 4 July 2011
  2. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 2
    An Industrial and Strategic Fit DNO is following its growth strategy to expand and diversify its operations in the MENA region Creates a stronger and more robust DNO with a better basis for further growth Higher stability and…
  3. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 3
    Combined MENA operations and application for London listing: Transaction summary (1/2) Proposed merger of RAK Petroleums MENA operating subsidiaries into DNO Based on a net asset value of both companies undertaken by an independent…
  4. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 4
    Combined MENA operations and application for London listing: Transaction summary (2/2) A range for the value in assets and DNO shares is agreed Value of the RAK assets is between USD 250 and 300 million A DNO share price between NOK…
  5. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 5
    Applying for a London Listing The enlarged DNO will be a more attractive entity for a London listing The London market is more focused on E&P companies operating in the MENA region than the OSE investors London listing of DNO is…
  6. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 6
    www.rakpetroleum.ae Acquiring Attractive Assets Geographical concentration with well defined petroleum systems in Oman, the UAE and Tunisia Asset mix 8 Blocks Producing fields Bukha & West Bukha, Block 8 Oman Field…
  7. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 7
    The enlarged DNO: A significant E&P player in the MENA region Norway Corporate head office in Oslo The Kurdistan Region of Iraq 12% share of Det Norske Local administration in Erbil Oljeselskap ASA Operator of three licenses: Tawke…
  8. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 8
    Financial Summary DNO…
  9. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 9
    Pro forma Combined Summary Building a financial platform for further growth Increase and diversification of reserves, production and revenue Further increase in operational cash flow Further strengthening of balance sheet through…
  10. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 10
    The combined entity will hold: 320 million barrels in MENA P50 reserves and around 50 million BOE in contingent resources 350 300 250 200 RAK Petroleum Million barrels oil and oil equivalents DNO Yemen 150 DNO…
  11. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 11
    Transaction Governance An independent third party firm valuation will be undertaken The proposed merger is subject to approval by general meetings of the two companies A resolution will need support from 2/3 of the votes cast at an…
  12. JULY 2011 INVESTOR PRESENTATION – Dno International Asa – slide 12

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