North Energy DNB Markets Oil, Offshore and Shipping Conference Oslo, 8-9 March 2012
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…
Introduction to North Energy Oil and gas company headquartered in Alta in Northern Norway Listed on Oslo Axess (ticker: NORTH) Market cap of USD 80 million 24 licenses offshore Norway, incl. 20% in the Norvarg discovery in the…
Strong exploration track record 20 largest discoveries on the NCS (2005 - 2012) Partner in two of the Discovery Area Million boe Operator Partners 20 largest finds 1 Johan Sverdrup North Sea 1 793 Lundin Statoil, Petoro, Det norske,…
Norvarg1 a major gas discovery Feasibility Conceptual Pre- Detailed Eng, Appraisal Production Studies Studies engineering Construction March 2012 BOK BOV PDO mmboe Increased expectations to Norvarg 600 Results from internal…
Strong financial capacity Successful share issue of NOK 150 million February 2012 Sale of the Fogelberg discovery for NOK 70 million February 20121 Exploration loan facility increased to NOK 950 million February 2012 Facility with…
Next eight wells financed1 1000 NOK 890 million raised including Capital raised, incl. proceeds from Fogelberg sale Capital invested 900 proceeds from the Fogelberg sale 800 NOK 497 million invested since start 700 up in 2007:…
Multiple potential value triggers going forward 2012 2013 August August Sept. Sept. Mars Mars June June Dec. Dec. Nov. Nov. April April Feb. Feb. May May Jan. Jan.…
PL 450 Storebjrn drilling ongoing PL 450 in the North Sea Acquired 2011 Main prospect Storebjrn Operator Det norske (60%) Hydrocarbons Oil Partners North Energy (15%) Drilling Ongoing Dana Petroleum (25%) PoS 49% Gross mean…
PL 370 / 370 B Kakelborg drilling Q2 2012 PL 370 / PL 370 B in the North Sea Acquired 2011 Main prospect Kakelborg Operator Wintershall (40%) Hydrocarbons Oil Partners North Energy (10%) Expected drilling Q2 2012 Agora (30%) PoS…
PL 385 Jette drilling expected mid 2012 PL 385 in the Norwegian Sea Acquired 2009 Main prospect Jette Operator Statoil (45%) Hydrocarbons Gas cond. Partners North Energy (35%) Expected drilling Q2/Q3 2012 Noreco (20%) PoS 37%…
PL 498 Skagen drilling in 2012 PL 498 in the North Sea Acquired 2009 Main prospect Skagen Operator Lotos (25%) Hydrocarbons Oil Partners North Energy (25%) Expected drilling 2012 Edison Int. (25%) PoS 36% Skagen 44 (25%) Gross…
Outlook 6 months outlook Storebjrn exploration well in the North Sea Kakelborg exploration well in the North Sea Jette exploration well in the Norwegian Sea Decision on appraisal program for the Norvarg discovery Drill or drop…
Summary 40% success rate in first five wells Preparing critical appraisal well for Norvarg Balanced exploration portfolio with strong footprint in the Barents Sea Four firm exploration wells in 2012 Testing three pure oil…
Thank you for your attention 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
Loading...
