Execution of PKN ORLEN 2014-2017 Strategy in the upstream segment Kicking Horse Energy and FX Energy Agreements Signing Wa r s a w, O c t o b e r 1 3 , 2 0 1 5 ORLEN. FUELLING THE FUTURE.
PKN ORLEN strategy in upstream segment (1/2) Hydrocarbons production* Value creation levers million boe/year 6.0 Organic growth in Poland Increased focus on conventional projects Delineation of prospective areas of the…
PKN ORLEN strategy in upstream segment (2/2) Challenging macroeconomic conditions PKN ORLENs response to the challenging market conditions: Project portfolio rationalization in Poland focus on the more prospective areas (CAPEX for…
PKN ORLENs new upstream acquisitions: Kicking Horse Energy and FX Energy Acquisitions of producing assets strengthening of PKN ORLENs presence in Canada and project portfolio diversification in Poland The new acquisitions by PKN…
Kicking Horse Energy Executive Summary: Transaction ORLEN Upstream Canada (OUC), a subsidiary of ORLEN Upstream (OU) has signed an Arrangement Agreement that initiates acquisition of Kicking Horse Energy, a Canadian E&P company…
Kicking Horse Energy Executive Summary: Transaction Overview Business rationale Top quality assets in Alberta with within the most condensate-rich part of the Montney play Very good economics Possible synergies with ORLEN Upstream…
Kicking Horse Energy Executive Summary: Asset Overview Top quality production area of Alberta Current production of 4,000 boe/d (57% Current liquids) cash flows Alberta Large and highly prospective 471 & upside Lands gross/350 net…
FX Energy Executive Summary: Transaction ORLEN Upstream has signed an Agreement and Plan of Merger to initiate an acquisition of FX Energy, a U.S. based E&P company listed on NASDAQ (trading symbol: FXEN) with the core business in…
FX Energy Executive Summary: Transaction Overview Business rationale Best producing assets with upside potential available in the Polish market Successful track record in the Fences area Talented team of highly experienced people…
FX Energy Executive Summary: Asset Overview 1 Concessions 3 450 sq km Current Gas production: over 1650 Fences boe/d cash flows Partnership with PGNiG 2 2 Concessions 2 967 sq km Exploration & development Upside phase potential…
ORLEN Upstream Portfolio Post Acquisitions 2P Reserves (MM boe) as of 2014YE 8 FX Energy* OU Canada 30 Kicking Horse Energy Total 2P reserves: Over 88 MM boe Source: Company reports 50 * Assuming 80% methane content oin…
Summary Strategic rationale The acquisitions are consistent with PKN ORLEN strategy Next step to strengthen PKN ORLENs market position in the upstream segment Opportunistic acquisitions of quality assets in favorable hydrocarbon price…
Thank You for Your attention For more information on PKN ORLEN, please contact Investor Relations Department: phone: + 48 24 256 81 80 fax: + 48 24 367 77 11 e-mail: irorlen.pl www.orlen.pl
Loading...
