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Corporate Update – Northern Petroleum Plc

Northern Petroleum Plc · Nov 1, 2014 · 15 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. Corporate Update – Northern Petroleum Plc – slide 1
    Northern Petroleum Plc Corporate NORTHERNupdate PETROLEUM PLC November 2014
  2. Corporate Update – Northern Petroleum Plc – slide 2
    Production led growth Northern Petroleum is an AIM quoted oil and gas company which is pursuing primary growth through production and cashflow, and upside through exploration and appraisal Production led growth in Canada 30,000…
  3. Corporate Update – Northern Petroleum Plc – slide 3
    The Board Non-executive Directors Executive Directors Jon Murphy, Chairman Keith Bush, Chief Executive Officer previously Venture Production COO previously General Manager at E.ON E & P over 30 years industry experience over 20…
  4. Corporate Update – Northern Petroleum Plc – slide 4
    Canada production led growth Size of play Mineral rights over 30,000 acres in north west Alberta acquired in land sales for 2.9 million 110 full or partial Keg River carbonate pinnacle reefs on land position Originally containing 108…
  5. Corporate Update – Northern Petroleum Plc – slide 5
    Regional analogue to the south Virgo / Zama / Amber Rainbow area recovery factors in Shekilie Wells per reef 1.5 the Keg River are much higher Average pool area 37 acre Average pool size 1.5 mmbbls Primary reason is more well Zama…
  6. Corporate Update – Northern Petroleum Plc – slide 6
    Historic production performance in the Keg River Geological Model The core of the reef tends to be homogenous and vertically continuous whereas, the reef edge tends to be heterogeneous and have vertical barriers to flow Vertical…
  7. Corporate Update – Northern Petroleum Plc – slide 7
    Evidence of unswept oil at reef edge Original well (100/15-23) New well (102/15-23) New well encounters oil down dip from the top of the perforation in the original well Original New well well Original Free Water Level…
  8. Corporate Update – Northern Petroleum Plc – slide 8
    Production and development Well results to date Five new wells drilled, one old well recompleted two 3 well campaigns, completed in Mar and Sep Restricted production from three wells production average for May Sep, 200 bbls per…
  9. Corporate Update – Northern Petroleum Plc – slide 9
    Infrastructure 7-34 Apache battery 100 14-22 wellsite The area benefits from extensive road and pipeline infrastructure which was constructed between 1968 and the present day Good road infrastructure and proximal tie-in…
  10. Corporate Update – Northern Petroleum Plc – slide 10
    Virgo type curve and economics Update on assumptions Cost (US) IP rates are higher than originally planned Drill and complete 1.82m Equip and tie in 0.55m DCET costs should reduce with larger well Forecast production and reocvery…
  11. Corporate Update – Northern Petroleum Plc – slide 11
    Potential from existing land position Virgo development plan Alberta Energy Regulator (AER) oil originally in place and recovery factors suggest there are at least 12 reefs with the capacity for a minimum of three additional wells…
  12. Corporate Update – Northern Petroleum Plc – slide 12
    Italy exploration and appraisal upside Exploration and appraisal Key area of focus in the Southern Adriatic Permit F.R39: very large Cygnus prospect (446mmbbls mean recoverable prospective resource), which could be in communication…
  13. Corporate Update – Northern Petroleum Plc – slide 13
    Southern Adriatic seismic and drilling F.R39 Cygnus prospect Prospect identified on 2D seismic Giove oil Aquila discovery Cygnus Aquila oil field (ENI) well data prospect oilfield suggests a possible shared oil water Quaternary…
  14. Corporate Update – Northern Petroleum Plc – slide 14
    Investment opportunity Northern has established a production base in Alberta with good core value growth potential at relatively low risk wells drilled to date are forecast to make the company cashflow positive by January existing…
  15. Corporate Update – Northern Petroleum Plc – slide 15
    Northern Petroleum NORTHERN PETROLEUM PLC Northern Petroleum

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