Skip to main content Q3 2012 EARNINGS CALL – North Energy Investor Presentation | Shale Experts
Loading...
Pm

Q3 2012 EARNINGS CALL – North Energy

North Energy · Oct 31, 2012 · 28 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. Q3 2012 EARNINGS CALL – North Energy – slide 1
    North Energy Q3 2012 31 October 2012
  2. Q3 2012 EARNINGS CALL – 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 is…
  3. Q3 2012 EARNINGS CALL – North Energy – slide 3
    Agenda Highlights Q3 Financial update Exploration update Outlook North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  4. Q3 2012 EARNINGS CALL – North Energy – slide 4
    Highlights Q3 and later events Spud on PL 385 Jette 21st October Spud on PL 498 Skagen coming week Appraisal well on Norvarg firmed up License transactions completed Cash contribution of NOK 73 million from sale of Fogelberg…
  5. Q3 2012 EARNINGS CALL – North Energy – slide 5
    Agenda Highlights Q3 Financial update Exploration update Outlook North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  6. Q3 2012 EARNINGS CALL – North Energy – slide 6
    North Energy ASA Profit & Loss Q3 Q3 Year Q2 MNOK 2012 2011 2011 2012 Profit (46,9) - - - Profit from sale of Fogelberg Payroll 16,6 19,8 70,9 10,7 Depreciation 2,6 1,8 7,2 2,5 Exploration expenses 92,7 114,5 340,2 166,2 Dry PL370 and…
  7. Q3 2012 EARNINGS CALL – North Energy – slide 7
    North Energy ASA - Balance sheet Q3 Year end Year end MNOK 2012 2011 2010 Assets Fixed Assets 292,5 418,6 161,9 Capitalized drilling cost Long term receivables 298,2 0,0 0,0 Tax receivable refund - Dec 2013 Short term receivables 615,1…
  8. Q3 2012 EARNINGS CALL – North Energy – slide 8
    Strong net cash position Net cash position Q3 2012 Net cash position of NOK 308 million 800 8 Unused exploration 700 275 loan facility of NOK 600 538 410 million 500 400 300 553 200 308 100 26 0 Cash 2012 tax 2013 tax Net…
  9. Q3 2012 EARNINGS CALL – North Energy – slide 9
    Agenda Highlights Q3 Financial update Exploration update Outlook North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  10. Q3 2012 EARNINGS CALL – North Energy – slide 10
    Drilling Programme 2012 2013 Sept. Mars June Nov. Dec. Feb. April May Jan. Oct. PL 385 Jette West Alpha Spud 21.10.2012 PL 498 Skagen Maersk Guardian PL 535 Norvarg, appr. Leiv Eiriksson PL 299…
  11. Q3 2012 EARNINGS CALL – North Energy – slide 11
    First time for North Energy: Two drilling operations in parallel Drilling of two prospects with high probability of success in parallel in November 37% POS on Jette close to Norne 36% POS on Skagen close to Ula Semi sub West Alpha…
  12. Q3 2012 EARNINGS CALL – North Energy – slide 12
    PL 385 Jette currently drilling 20% equity swapped with 20% of Frode oil prospect in the North Sea PL 385 in the Norwegian Sea Acquired 2009 Main prospect Jette Operator Statoil (45%) Hydrocarbons Gas cond. Partners North Energy…
  13. Q3 2012 EARNINGS CALL – North Energy – slide 13
    PL 385 Jette located in prolific area Jette prospect similar to the recently discovered Alve North accumulation 8 kms to the South The Jette South prospect in Jette between and possible next target Both oil and gas encountered…
  14. Q3 2012 EARNINGS CALL – North Energy – slide 14
    Proven oil and gas resources in the vicinity of the Jette structure upside potential in the licence Alve Alve North Jette Jette South Jette West Hydrocarbon kitchen area North Energy ASA, Markveien 38b, Postboks 1243,9504…
  15. Q3 2012 EARNINGS CALL – North Energy – slide 15
    Development scenario for a Jette discovery Tie-in to the Norne facilities Figures from Statoil North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail:…
  16. Q3 2012 EARNINGS CALL – North Energy – slide 16
    PL 498 Skagen spud next week PL 498 in the North Sea Acquired 2009 Main prospect Skagen Operator Lotos (25%) Hydrocarbons Oil Partners North Energy (25%) Expected drilling Q4 2012 Edison Int. (25%) PoS 36% Skagen 44 (25%) Gross…
  17. Q3 2012 EARNINGS CALL – North Energy – slide 17
    PL 498 Skagen prospect Chalk reservoir built by Coccolites Similarly looking seismic data over oil discoveries nearby: Ekofisk Tor Albuskjell Edda Eldfisk On the coast of France Coccolites magnified 8000 times 3D seismic…
  18. Q3 2012 EARNINGS CALL – North Energy – slide 18
    PL 299 Frode - oil in the North Sea PL 299 Frode in the North Sea Acquired 2012 Main prospect Frode Operator Talisman (31.5%) Hydrocarbons Oil Partners Dong (20%) Expected drilling Q22013 Agora (28.5%) North Energy (20%) Prob. of…
  19. Q3 2012 EARNINGS CALL – North Energy – slide 19
    PL 299- Upper Jurassic discoveries & prospects 2/1-12- no shows Sealed off by fault North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  20. Q3 2012 EARNINGS CALL – North Energy – slide 20
    Norvarg appraisal well Rig firmed up Leiv Eiriksson semi-sub, Marsh 2013 Several studies finalized Reservoir quality Field extent Development options and export solutions 10 Km Key objectives of the appraisal well Kobbe…
  21. Q3 2012 EARNINGS CALL – North Energy – slide 21
    Infrastructure in the Barents Sea in 2030 as seen ahead of the 22nd Licensing Round North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  22. Q3 2012 EARNINGS CALL – North Energy – slide 22
    When is pipe an option in the Barents Sea At present success rate a critical commercial volume for pipe should be commercial in 2016 Norvarg and 22nd Round critical Construction 2017-21 Capacity available at Nyhavna in 2021…
  23. Q3 2012 EARNINGS CALL – North Energy – slide 23
    Drill or Drop (DoD) licences Drill or drop decisions to be made Decissions in drill or the next six months drop licences PL 526 - applied for 6 months Licences to be Relinquished extension to 15th May 2013 PL 590 - extension to…
  24. Q3 2012 EARNINGS CALL – North Energy – slide 24
    Agenda Highlights Q3 Financial update Exploration update Outlook North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  25. Q3 2012 EARNINGS CALL – North Energy – slide 25
    Outlook 3 months outlook Results from Jette exploration well in the Norwegian Sea Results from Skagen exploration well in the North Sea 6 months outlook Drill or drop decision on PL 594 and PL 564 in the Barents Sea Drill or…
  26. Q3 2012 EARNINGS CALL – North Energy – slide 26
    Q&A North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  27. Q3 2012 EARNINGS CALL – North Energy – slide 27
    Thank you for your attention North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
  28. Q3 2012 EARNINGS CALL – North Energy – slide 28
    North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no

From the store

Browse maps, data & reports in the Shale Experts store