Table of contents 3Q highlights and financials Portfolio update Summary and outlook Appendix Slide: 3 New management, but NCS exploration strategy remains unchanged Value creation PDO Produce + + Commercial…
PL 586, Pil demonstrating the value potential in the strategy Offers for 30% of Company NOK 6 / share Pil appraisal Pil discovery Pil & Bue Slide: 5 3Q highlights and subsequent events Good progress on the…
3Q highlights and subsequent events (continued) A new number one shareholder in October EPSI AS, backed by HitecVision, acquired 31.3 per cent HitecVision has a proven track record within E&P and will add valuable experience and…
2015 funding requirement dominated by PL 586 drilling Base case NOK 130 million Funding requirement for 2015 currently estimated at between NOK 130 and 170 million pending outcome of and progress on Pil* 2015 overall cost split in…
PL 586, Pil The core value driver in Rocksource The PL 586 licence: Located 32km southwest of Njord in the Norwegian Sea (water depth of 300m) Rocksource 15%. Operated by VNG (30%), with Spike (30%) and Faroe (25%) as partners…
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…
Next drill-or-drop PL 746S, Hernar Awarded in APA 2013 Key prospect name: Hernar Producible hydrocarbons proved and tested (29/31) within the licence (Brent Group). Additional volume potential identified in deeper and shallower…
US GoM: Marketing efforts continue US asset broker continues to market Rocksources GoM leases Discussions with potential counterparties continue Significant potential combined resource base in AC855 (Rocksource 65%) and…
High impact in near term drilling program Rocksource net risked resources (mmboe) 80 PL 717, PL 746S, 70 PL 602 & PL 586 60 Followup 20 50 in PL 586 40 Ivory 23 28 30 (PL 528) 5 20 Pil and Bue 10 20 0 P50 discovered Ongoing…
Table of contents 3Q highlights and financials Portfolio update Summary and outlook Appendix Slide: 21 Profit and loss statement NOK '000 3Q 2014 2Q 2014 1Q 2014 4Q 2013 3Q 2013 Operating income 2 815 7 340 1 290 28 354…
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