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…
Agenda Highlights Q3 Exploration update North Energy a stronger player in the north Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
Highlights Q3 Expanding and proving up license portfolio APA and 21R applications submitted PL 341 Stirby farm-in approved and drilling commenced Rigs secured on all firm wells Strengthening position in Northern Norway Safety and…
Agenda Highlights Q3 Exploration update North Energy a stronger player in the north Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
Rigs secured on all firm wells North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
Targeting average finding cost of less than one USD/boe Dorothy Vgar Tana Dorothy Heilo Vgar Tana Heilo * Jette Stirby Norvarg Fogelberg Norvarg Fogelberg Jette Stirby North Energy ASA, Markedsgata 3, Alta, Norway.…
PL 341 Stirby PL 341 in the North Sea Acquired 2010 approved as Main prospect Upper Stirby partner 29 October License December 2012 Hydrocarbon Gas Expiry type condensate Operator Det norske (30%) Drilling Ongoing Partners…
PL 341 Stirby currently drilling 24/12-6 S2 m md RT Stirby Upper 4321 4321 Base Cretaceous (BCU) 4419 4419 Marine shales 4782 4782 Stirby (source) Middle 5020 5020 Lower Jurassic and Triassic Stirby TD TD5422 5422…
Agenda Highlights Q3 Exploration update North Energy a stronger player in the north Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
Strengthening position in core areas the Norwegian Sea and the Barents Sea Preparing for opening of new areas Active player in the political debate also locally Acquisition of seismic data Evaluating strategic partnerships Map:…
Strong focus on value creation Actively pursuing attractive business development opportunities on the NCS Including high quality farm-ins in the North Sea Balance upside, risk and financial exposure Dedicated strategic and…
Agenda Highlights Q3 Exploration update North Energy a stronger player in the north Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
North Energy ASA Profit & Loss 3Q 2Q 3Q Year MNOK 2010 2010 2009 2009 Payroll 16,0 12,6 17,6 62,4 Depreciation 1,1 1,1 0,5 3,4 Exploration expenses 29,2 17,8 42,5 113,1 Increase seismic reprocessing Other operating expenses 7,8 13,1 9,9…
North Energy ASA - Balance sheet 3Q 3Q Year end MNOK 2010 2009 2009 Assets Fixed Assets 133,6 15,2 22,8 Capitalised drilling PL433 of 103 MNOK Receivables 393,2 223,2 173,8 Acc tax receivables of 345 MNOK Cash and cash equivalents 107,1…
Solid financial situation Cash balance of NOK 107 million Expected tax reimbursement of NOK 345 million No interest bearing debt Liquidity as of Q3 2010 Net cash position of NOK 452 million NOK 300 million exploration loan…
Agenda Highlights Q3 Exploration update North Energy a strong player in the north Financials Outlook North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
Outlook 6 months outlook Announcement of results from Stirby well Jette exploration well in the Norwegian Sea Further work and maturing of plans on Fogelberg Results from APA 2010 and 21R licensing rounds Increase of exploration…
Thank you for your attention North Energy ASA, Markedsgata 3, Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no www.northenergy.no
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