A New Story for PA Resources Mark McAllister, CEO Pareto Bond Conference Stockholm, 23 January 2014
The Renewal is underway..... We have made very significant progress in 2013 in our regeneration plan A highly experienced management team is now in place A series of strategic farm-outs has shaped the portfolio for development Equity…
Mark McAllister Chief Executive Officer Monument Exploration Director of Operations LASMO plc Managing Director (Europe and N Africa) Acorn Oil & Gas Founder and Managing Director Fairfield Energy Founder and CEO Board Member…
Tomas Hedstrom Chief Financial Officer PWC Auditor SCA Senior Vice President, Stockholm, Large cap CFO, (North America) Philadelphia Vice President Business Control, Stockholm Managing Director SCA Recycling, London Head of…
Kevin McGrory General Counsel Unocal Regional Counsel, MEA Chevron Senior Legal Adviser, Upstream Operations Anadarko Vice President, Legal & Negotiations EMEA Delta Group Group General Counsel Fairfield Energy General…
Graham Goffey SVP Exploration, MD N Sea and W Africa Conoco Geologist LASMO plc VP Exploration, Indonesia Sterling Energy plc Exploration Manager Paladin Resources plc Business Unit Manager, International Director of Oil and…
Paul Elstone Managing Director PA Tunisia Aramco Saudi Arabia Field Engineer NIOC - Iran Engineering Superintendent Mesa Petroleum - UKCS Commissioning Manager BP UKCS & International Offshore Installation Manager (OIM) Mature…
Slimane Bouabbane VP Business Development Technip/Coflexip Stena (Aberdeen) Engineering Support to worldwide offshore project IntecSea (Houston) Project and Engineering Support to E&P companies and contractors Subsea 7…
The Portfolio Tunisia Offshore: Didon Production Tunisia Onshore: DST Equatorial Guinea: Aseng & Alen Take out Greenland Appraisal Tunisia: Zarat & Elyssa & Equatorial Guinea: Diega Development Denmark: Broder Tuck & Lille…
A hat trick of successful farm-outs PA has undertaken a highly focused farm-out campaign. Each operator is a technical and strategic fit for the respective licence. Exploration Appraisal Production MPS 12/06 Zarat Congo Denmark…
Didon Field 2017 1976 1997 1998 2005 2006 2008-2009 2011 2013-2017 2013+ First production Discovery Concession First Oil PA Acquisition Platform + 2 Wells 4 New Wells Enhancement Study Development LEX program: ESP, Infill,…
Zarat Field 1990 1992 1995 2005 2010-2011 2011-2012 2014 2015-2017 2017 Permit Award Discovery Appraisal Well PA Acquisition ZRT-N1 Appraisal POD Update, Unitisation UPOD, UUOA Development First production Largest undeveloped…
Elyssa Field 1974 1992 2005 2006/2007 2010 2013 2014 2014-2016 2016 Appraisal First Production Discovery PA Acquisition Appraisal Well + ST New 3D Seismic ELY-4 Appraisal Well POD Development Well Another significant gas…
Broder Tuck 2006 2008 2011 2012 2014 2015 2017 6th license round PA acquired Exploration well Declaration of BT POD Development First production Awarded to Scotsdale Scotsdale + ST commerciality start Gas field discovered by PA in…
Lille John 2006 2008 2011 2012 2014 2015 2017 6th license round PA acquired Exploration well Declaration of LJ appraisal well Development First production Awarded to Scotsdale Scotsdale + ST commerciality start Oil field…
Mer Profonde Sud 2002-2004 2010-2011 2014 WO & Infill Drilling 3D Seismic DL-23 Azurite Field now abandoned and vessel shortly to depart Murphy exited after Azurite failure but remain in the Azurite Exploration Permit MPS:…
Strong Supportive Shareholders Since 2000 Gunvor has grown into one of the worlds leading energy commodity traders In 2012 Gunvor traded 130 million tonnes of oil and ended the year with: a turnover 93 billion, book equity 2.2…
Current debt in the market Following repayment of convertible bond on 15th January 2014, PA Resources currently have 2 outstanding bonds: NOK Bond SEK Bond ISIN NO0010605728 ISIN SE0005392834 Amount outstanding NOK 810,000,000…
Earnings Q1 to Q3 SEK million Jan Sept 2013 Profit for the period -817 One-off costs Decommissioning costs 469 9/06 (Gita) 89 2008/17 (Block 8) 97 Tunisian farm-out 117 Remaining costs Azurite field 21 Net exchange…
Cash flow Q1 to Q3 SEK million Jan - Sept 2013 KEY COMMENTS Cash flow from operations -110 Rights issues of SEK 810 million and SEK 604 million respectively, net after transaction costs Capex -171 Full year capex forecast of SEK…
.....progress will continue in 2014....... Field rehabilitation in Didon ESP on a current producer A new production well Development Plans approved: Zarat Diega Development concepts worked: Broder Tuck Birgitta Rigs secured and…
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