Management Presentation Agenda 1. Operations/Current Acreage New Management Team General Activity Update Harlequin Drilling Preparation Other East Midlands Prospectivity 2. New Business Activity Strategy and Target Countries
Newtons Organisation Highly experienced Management Team Steve Engwall: CEO (Petroleum Engineer) 35 years in North Sea, Continental Europe and offshore Mediterranean with Schlumberger, Oxy, Elf and Total working field developments,…
Newtons Core Strengths High level of technical expertise, with proven track record of field discoveries and optimised developments across several continents Vast network of contacts with small/medium oil explorers giving excellent…
2011 Progress to Date Organisation Built management team in the UK Moved UK office location from Nottingham to Woking (25km SW of London) Moved all East Midlands data and technical files from Calgary and Nottingham to Woking…
Revised Newton East Midlands Licenses
2011 Progress to Date - continued Commercial Prepared dataroom and currently in negotiations for farm-out of Harlequin well Ongoing negotiations with drilling contractors for provision of rig for Harlequin Commenced negotiations…
Harlequin Well Site Plan Area N
Harlequin Well Site View from East Side
Harlequin Well Site Well Cellar
Forward Business Plan East Midlands: First well site (Harlequin) construction completed 30 Sept 2011 on time & budget (200k). Conclude farm-out negotiations Drill Harlequin: spud dependent on rig availability (Q1 Q2 2012). Planning…
New Business Activity Areas of Focus: Have recognized that opportunities outside the UK can have far greater materiality than the East Midlands plays. Have evaluated onshore opportunities in Continental Europe in France, Romania,…
Summary Company is far better placed now than it was 1 year ago to grow the business: Strong management team Good technical evaluation of East Midlands acreage Geared towards identification and evaluation of new business…
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