Company Presentation Pareto Securities – Oil & Offshore Conference, Oslo 12 September 2019
Introducing PetroNor E&P African Focused World Class Acreage Position > Large acreage position in Sub-Sahara Africa: 3 countries, 5 licences > 8.5MMbbl net 2P reserves & 7.6MMbbl net 2C resources1 > 4.9bn barrels net unrisked…
Capital Structure and Oslo Listing Supportive Shareholder Base Geographic Analysis of Investors Market Statistics (11-Sep-2019) Listing OAX (PNOR) Shares on Issue 971,665,288 Market Cap NOK 1.22B Share Price NOK 1.26 Oslo Axess…
Experienced Board and Management Team Jens Pace: CEO & Executive Director > 30 years at BP, and heritage company Amoco, gaining E&P leadership experience in Africa, Europe and Russia > Managed an active exploration portfolio for BP in…
0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 5 Sep 2018 19 Sep 2018 3 Oct 2018 17 Oct 2018 31 Oct 2018 14 Nov 2018…
Strategy to Deliver Shareholder Value Company Mission Full cycle, Sub Sahara focused E&P company focused on growing production and reserves by leveraging existing assets to capitalise on new venture opportunities combined with…
World Class Acreage Position: Sub-Saharan Africa Net Prospective Resources 1,779mmbbls SENEGAL 2 licences: 14,2162 (net) 90% WI Net Prospective Resources 3,079mmbbls THE GAMBIA 2 licences: 2,6722 (net) 100% WI Production (net)…
Congo-Brazzaville: PNGF Sud and PNGF BIS 9 PNGF Sud (10.5% net interest) PNGF BIS (14.7% net interest2)) 20km 40% 20%1) 15% 10% Continent Congo S.A. 10% 5% Operator 20km 57% 28%1) 15% Operator Key details (gross)3) Field…
Congo-Brazzaville: Strong Production and Upside Potential 10 Production Outlook Key Considerations (net to PetroNor) 3,000 6,000 0 bbl/d 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Upside Congo (not…
The Gambia and Senegal 11 History > Early entry into The Gambia / Senegal margin as a high risk frontier exploration opportunity > 90% working interest in Senegal, 100% Gambia1 > Significant investor with ~US$100m sunk costs on…
New Ventures: Increase Production & Reserves 12 Focused Approach > Focused on production enhancement and targeted exploration opportunities in Sub-Saharan Africa > Leveraging expertise in improved recovery and gas monetisation to…
Conclusion 13 Sub-Sahara Africa E&P company Focused on increasing reserves and production Strong operational experience and partnerships Extensive network in Africa ensuring strong deal pipeline Full-cycle platform with…
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