Rocksource at a glance Exploration company focussing on the Norwegian Continental Shelf (NCS) Holds 15% of the 2014 Pil and Bue Discoveries with gross resources of 79 193 mmboe* discovered to date 12 29 mmboe net to Rocksource 3 5…
Strong value impact of Pil and Bue discoveries The PL 586 licence: Located 32km southwest of Njord in the Norwegian Sea (water depth of 300m) Operated by VNG (30%), with Spike (30%), Faroe (25%) and Rocksource (15%) as partners…
Pil and Bue are among the most significant NCS discoveries in recent years Wood Mackenzie suggests USD 5 / boe for the Pil and Bue discoveries, compared to Rocksources conservative approach of USD 4 / boe 6
Material upside potential to be drilled in 2015 2015 drilling campaign to explore the large structure adjacent to existing discoveries Aim to verify hydrocarbons in as many segments and layers of the structure as possible Gross…
Drilling ongoing PL 528, Ivory Spud in October by West Navigator drill ship Key prospect name: Ivory Gas…
High impact in near term drilling program Net risked resources (mmboe) 80 PL 717, PL 746S, 70 PL 602 & PL 586 60 Follow-up 20 50 in PL 586 Total near term risked 40 net volume of Ivory 23 28 48 mmboe 30 (PL 528) 5 20 Pil and Bue…
Attractive NCS exploration portfolio Discovered Undiscovered resources resources Net risked drill-out 180 by area 160 140 120 MM BOE 100 80 60 North Sea Halten Terrace Norwegian Sea Barents Sea 40 20 0 Pil & Bue…
Structured exploration process Key to maturing quality wells MANAGEMENT & BOARD OF DIRECTORS EXPLORATION Make final decisions ADVISORY based on the technical & COMMITTEE commercial data RISK TEAM External review of presented for…
Potential 2016 drilling PL 746 S, Hernar Awarded in APA 2013 Key prospect name: Hernar Producible hydrocarbons proved and tested (29/3-1) within the licence (Brent Group). Additional volume potential identified in deeper and…
Potential 2016 drilling PL 717 Awarded in 22nd Round Located on the western part of the Loppa High, on same geological trend as the Skrugard and Havis discoveries Multi-level prospectivity Partnership: ENI (40% and Operator),…
Potential 2016 drilling PL 602 Awarded in 21st Round Multi-prospect licence with seismic and EM DHIs Adjacent to the Luva, Haklang and Snefrid discoveries, currently under development as the Aasta Hansteen project Licence partners:…
US GoM: Marketing efforts continue US asset broker continues to market Rocksources GoM leases Discussions with potential counter-parties continue Significant potential combined resource base in AC855 (Rocksource 65%) and Trident…
Financial status Rights Issue (RI) to secure funding for 2014 successfully completed in June 43 MNOK raised, issue was 2.7 times oversubscribed Accompanied by increase in exploration credit facility with SEB Merchant Banking When RI…
NCS exploration strategy paying off Pil A transformational event for Rocksource 79-193 mmboe* in discovered resources; High potential follow-up drilling campaign planned for 2015, two well slots secured Actively maturing remaining…
Rocksources NCS licence portfolio Licence Area Equity Operator Current Activity Drill or Drop* Well** PL 506S, BS, CS North Sea 25 % Rocksource Post well analysis 3Q 2015 PL 506 DS North Sea 25 % Rocksource Prospect evaluation 3Q 2015…
Loading...
