North Energy at the Pareto Securities Oil and Offshore Conference Oslo, 12 13 September 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 is…
Agenda North Energy in brief Exploration in focus Barents Sea and the future 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…
Introduction to North Energy The most northern oil and gas Portfolio development, of licenses company. Headquartered in Alta in 24 Finnmark, Northern Norway 14 Listed on Oslo Axess (ticker: NORTH) 8 Market cap of USD 45 million 24…
Strong cash position supporting ambitious targets in 22R Net cash position of Net cash position Q2 2012 NOK 243 million reported in Q2 Sale of Fogelberg of NOK 73 million not included (Q3) Proceeds of NOK 32 million from sale to…
Exploration success in core areas the Norwegian Sea and the Barents Sea Largest discoveries in the north (Norwegian The Fogelberg discovery First exploration well Discovery Area Million boe Operato 1 Skrugard Barents Sea 260 Statoil…
First 5 year plan is fulfilled Build up and execution of exploration program Two commercial discoveries Four firm wells to be drilled within the coming seven months Northern profile recognized by the authorities Solid awards in all…
Agenda North Energy in brief Exploration in focus Barents Sea and the future 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…
Licence map Partner in 24* licences on the Norwegian Continental Shelf 8 in the Barents Sea 8 in the Norwegian Sea 8* in the North Sea Operator in two licences (Norwegian Sea) * Purchase of PL 299 in the North Sea signed…
Firm wells 2012 - 2013 Two more wells in 2012 Wells 2012 PL 385 Jette (15%, operated by Wells 2013 Statoil) PL 498 Skagen (25%, operated by Lotos) Two wells firmed up for 2013 PL 535 Norvarg appraisal (20%, operated by Total)…
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…
Development of Jette as tie-in to the Norne facilities in case discovery Source: NPD / North Energy Foto Statoil North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50…
Current drilling program with rig slots 2012 2013 Sept. Mars June Dec. Nov. April Feb. May Jan. Oct. PL 385 Jette West Alpha PL 498 Skagen Maersk Guardian PL 535 Norvarg, appr. Leiv Eiriksson PL 299…
Agenda North Energy in brief Exploration in focus Barents Sea and the future 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…
The Barents Sea finally through its frontier phase Frontier Golden age Maturity Largest structures Investments in drilled by the infrastructure (pipe) Excess capacity in existing infrastructure majors More companies active Easy…
Exploration in the Barents Sea picking up Learning geology from wells increases hitrate 66 % 66 % Increasing hitrate, increases number 4444 %% of wells Record number of wells expected in 2013, 14 and 15 Has the timing…
Resources on the Norwegian Continental Shelf NCS is maturing. Almost half of the resources are produced With a most likely outcome, the opened part of the Barents Sea alone has the highest remaining potential Results from the…
There is room for small, but competent companies, also in the North 40 oil companies have drilled 62 exploration 25 wells north of 62 deg. Mmboe 20 per well 14 companies did not Large caps discover. (4 super 15 Medium caps…
The Barents Sea The beginning of a new era The 22nd concession round constitutes a new era on the NCS 37 companies nominated more than 200 blocks In the end, 86 blocks announced, 72 located in the Barents Sea Application…
Looking to capitalize on North Energys core competence in the attractive 22nd round Since start-up, North Energy has built up in- depth understanding of the Barents Sea geology Bilde fra 22R Cooperation with crew i arbeid…
Barents Sea has high priority Jonas Gahr Stre, Minister of Foreign Affairs, at ONS 2012 Geological surveys under way in the previously disputed areas the Government's aim is to propose that the eastern parts of the Barents Sea South are…
North Energy in brief Oil and gas company headquartered in Alta in Northern Norway Exploration success in core areas Four firm wells within the coming seven months Focus on and specializing in exploration in Northern Norway…
Ready for questions 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
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