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PARETOKONFERANSEN – North Energy

North Energy · Aug 31, 2011 · 23 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. PARETOKONFERANSEN – North Energy – slide 1
    North Energy Paretokonferansen 31.08.11
  2. PARETOKONFERANSEN – North Energy – slide 2
    Important information This presentation and its appendices (together the Presentation) have been prepared and delivered by North Energy ASA (North Energy or the Company). The Presentation is prepared for information purposes only, and…
  3. PARETOKONFERANSEN – North Energy – slide 3
    Agenda Exploration results Upcoming wells Business Development Financials Summary North Energy ASA, Markedsgata 3, Alta, Norway. 3 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  4. PARETOKONFERANSEN – North Energy – slide 4
    Working on commercializing two gas discoveries after the three first exploration wells First well: The Fogelberg Volume, MCM o.e. Logarithmic scale Permeability, mD Logarithmic scale gas/condensate discovery with 10,000 10,000…
  5. PARETOKONFERANSEN – North Energy – slide 5
    Fogelberg status and way forward Feasibility Conceptual Detailed Engineering, Pre-engineering Production Studies Studies Construction, Start-up NPD stages BOK BOV PDO and decisions 31.08.11 Days away from feasibility…
  6. PARETOKONFERANSEN – North Energy – slide 6
    Norvarg significant gas discovery in the Barents Sea Movable gas encountered in three levels Operators first volume estimate: 10-50 BCM (63-315 mmboe) Successful production test may prove break through for new reservoir in…
  7. PARETOKONFERANSEN – North Energy – slide 7
    Starting to understand a gas reservoir which has been drilled and abandoned before High potential assigned to Aggregate volume of Triassic gas after Norvarg Triassic reservoirs in the Barents 50 Norvarg (11) Caurus (08) Sea by…
  8. PARETOKONFERANSEN – North Energy – slide 8
    Regional effects of the Norvarg discovery Producing Triassic reservoirs which trap gas at a shallow depth may extend to the North and East Future success depends on telling the difference between good and bad Triassic Short…
  9. PARETOKONFERANSEN – North Energy – slide 9
    The Norvarg play and infrastructure Supporting two alternative gas export routes Pipeline to the Snhvit LNG plant New trunk line from the Barents Sea to the North Sea gas grid Increasing attractiveness of exploration in the…
  10. PARETOKONFERANSEN – North Energy – slide 10
    Agenda Exploration results Upcoming wells Business Development Financials Summary North Energy ASA, Markedsgata 3, Alta, Norway. 10 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  11. PARETOKONFERANSEN – North Energy – slide 11
    Exploration track record and outlook mmboe 120 110 100 90 80 70 60 50 40 30 20 10 0 Fogelberg Stirby Norvarg Heilo Zapffe Storebjrn Jette Kakelborg Skagen Scarecrow * Net unrisked pre-drill volume (completed wells)…
  12. PARETOKONFERANSEN – North Energy – slide 12
    PL 530 Heilo high-impact well spud Sep 2011 PL 530 in the Barents Sea Awarded 20th round (2009) Main prospect Heilo Operator GDF Suez (30%) Hydrocarbons Oil w/gas cap Partners North Energy (20%) Expected drilling Q3 2011 Front…
  13. PARETOKONFERANSEN – North Energy – slide 13
    PL 518 Zapffe third high-impact well in 2011 PL 518 and PL 518B in the Barents Sea Awarded APA 2008 Main prospect Zapffe Operator DONG (40%) Hydrocarbons Oil Partners North Energy (30%) Expected drilling Q4 2011 Front Exploration…
  14. PARETOKONFERANSEN – North Energy – slide 14
    PL 370/PL370B Kakelborg- drilling in Q1/2012 PL 370 / PL370B Kakelborg in the North Sea Acquired 2011 Main prospect Kakelborg Operator Wintershall (40%) Hydrocarbons Oil Partners North Energy (10%) Expected drilling Q1 2012 Agora…
  15. PARETOKONFERANSEN – North Energy – slide 15
    Agenda Exploration results Upcoming wells Business Development Financials Summary North Energy ASA, Markedsgata 3, Alta, Norway. 15 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  16. PARETOKONFERANSEN – North Energy – slide 16
    Business Development and Drilling Program Business Development adds Heilo value by buying exploration wells which balance: Zapffe Investment and activity level Storebjrn (4 wells/year in 2011/12) Jette Portfolio to reduce…
  17. PARETOKONFERANSEN – North Energy – slide 17
    Storebjrn farm-in high PoS oil prospect PL 450 Storebjrn in the North Sea Acquired 2011 Main prospect Storebjrn Operator Det Norske* (60%) Hydrocarbons Oil Partners North Energy* (15%) Expected drilling Q1 2012 Dana (25%) Prob. of…
  18. PARETOKONFERANSEN – North Energy – slide 18
    Agenda Exploration results Upcoming wells Business Development Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. 18 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  19. PARETOKONFERANSEN – North Energy – slide 19
    Solid financial foundation Financed by equity capital: North Norway: MNOK 270 From acquiring 4sea: MNOK 50 IPO: MNOK 350 Total: MNOK 670 Exploration drawing facility of MNOK 760 MNOK 620 available as per Q2 2011 Bridge loan…
  20. PARETOKONFERANSEN – North Energy – slide 20
    Net cash in line with IPO funding plans Net cash position as of Q2 2011 Net cash position of NOK 330 million 74 Unused exploration 160 loan facility of NOK 140 620 million 330 Developing in line 351 with funding plans at…
  21. PARETOKONFERANSEN – North Energy – slide 21
    Agenda Exploration results Upcoming wells Business Development Financials Summary North Energy ASA, Markedsgata 3, Alta, Norway. 21 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  22. PARETOKONFERANSEN – North Energy – slide 22
    Moving into oil exploration in H2 2011 and 2012 after successful gas exploration in 2010 and 2011 Fogelberg gas discovery in proven play in the Norwegian Sea expected to be commercial Norvarg gas discovery could be a trigger for…
  23. PARETOKONFERANSEN – North Energy – slide 23
    Thank you for your attention North Energy ASA, Markedsgata 3, Alta, Norway. 23 Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no

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