Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2
List of Figures 8
2 Company Snapshot 9
2.1 Key Information 9
2.2
Company Overview 9
2.3 Financial Performance 9
2.4 Industry Outlook --
Production & Exploration 9
3 Altinex ASA , Crude Oil And Natural Gas
Forecasts, 2000-2012 10
3.1 Altinex ASA , Crude Oil & Natural Gas
Forecasts, By Fields 10
3.2 Altinex ASA , Gross Revenue Forecasts, By
Fields 12
3.3 Altinex ASA , Total Government Take Forecasts, By Fields
13
3.4 Altinex ASA , Contractor Take Forecasts, By Fields 14
4
Altinex ASA , Exploration and Production Summary 15
4.1 Altinex ASA ,
Active Exploration Blocks, by Country, 2000-2007 15
4.2 Altinex ASA, Crude
Oil Production, by Country 16
4.3 Altinex ASA, Natural Gas Production, by
Country 17
5 Altinex ASA, Crude Oil and Natural Gas Production By Fields
18
5.1 Altinex ASA, Crude Oil Production 18
5.1.1 Altinex ASA, Crude
Oil Production in Denmark, By Fields 18
5.1.2 Altinex ASA, Crude Oil
Production in Norway, By Fields 18
5.2 Altinex ASA, Natural Gas Production
19
5.2.1 Altinex ASA, Natural Gas Production in Denmark, By Fields 19
5.2.2 Altinex ASA, Natural Gas Production in Norway, By Fields 19
6
Altinex ASA' s Exploration Blocks And Field Details 20
6.1 Altinex ASA' s
Exploration Details, Block 4 20
6.2 Altinex ASA' s Exploration Details,
Block 3 21
6.3 Altinex ASA' s Exploration Details, 5605/10+ 14 21
6.4
Altinex ASA' s Exploration Details, 5604/30; 5504/2 22
6.5 Altinex ASA' s
Exploration Details, 5604/29+ 30 22
6.6 Altinex ASA' s Exploration Details,
5604/23+ 24+ 27 23
6.7 Altinex ASA' s Exploration Details, 5604/22+ 26(7/86
) 23
6.8 Altinex ASA' s Exploration Details, 5604/22+ 26 24
6.9 Altinex
ASA' s Exploration Details, 5604/22 24
6.10 Altinex ASA' s Exploration
Details, 5604/21+ 22+ 25+ 26 25
6.11 Altinex ASA' s Exploration Details,
5604/19+ 20 25
6.12 Altinex ASA' s Exploration Details, 5604/18 26
6.13
Altinex ASA' s Exploration Details, 5604/16+ 20; 5605/13+ 17 26
6.14
Altinex ASA' s Exploration Details, 5503/8; 5504/1+ 5 27
6.15 Altinex ASA' s
Field Details, Cecilie 27
6.16 Altinex ASA' s Field Details, Nini 28
6.17 Altinex ASA' s Field Details, Siri 29
6.18 Altinex ASA' s Field
Details, South Arne 30
6.19 Altinex ASA' s Field Details, Enoch 31
7
Business Description 32
7.1 Business Overview 32
7.2 Major Products
and Services 33
7.2.1 Overview 33
8 History 34
9 Competitors
36
10 Key Employees 37
11 Key Employee Biographies 38
12 Company
Statement 39
13 Locations And Subsidiaries 42
13.1 Head Office 42
13.2 Other Locations & Subsidiaries 42
14 Financial Deals Landscape 43
14.1 Acquisition 43
14.1.1 Norwegian Energy Company To Acquire Altinex
43
14.1.2 Altinex Acquires Denerco Oil 44
14.2 IPO 45
14.2.1
Altinex Completes Private Placement 45
15 Recent Developments 48
15.1
Strategy and Business Planning 48
15.1.1 May 31, 2007: Altinex Gets 20%
Share In Norwegian Blocks 48
15.1.2 Jan 30, 2007: Altinex Gets New License
In Norwegian APA 2006 Licensing Round 48
15.2 Operations Updates 48
15.2.1 Dec 27, 2007: Oilexco Completes Huntington Forties Delineation 48
15.2.2 Sep 03, 2007: Altinex Spuds Appraisal Well At Huntington Discovery
49
15.2.3 Aug 10, 2007: Altinex Updates Production At Nini Ty Segment
49
15.2.4 Jul 19, 2007: Altinex Q2 2007 Production Updates 49
15.2.5
Jun 21, 2007: Altinex Completes Appraisal Well At Nini East Discovery 49
15.2.6 Jun 20, 2007: Altinex Reports On Huntington Drill Stem Test 50
15.2.7 Jun 12, 2007: Altinex Tests Oil At Huntington From Fulmar Sands 50
15.2.8 Jun 01, 2007: Altinex Starts Production At Enoch Field 51
15.2.9
May 31, 2007: Talisman Updates On Enoch Development 51
15.2.10 May 29,
2007: Altinex Reports Two Oil Discoveries At Huntington 51
15.2.11 May 25,
2007: Altinex Updates On Nini East Appraisal Well 52
15.2.12 May 14, 2007:
Altinex Reports Oil Discovery In Denmark 52
15.2.13 Apr 19, 2007: Altinex
Updates Q1 2007 Production 53
15.2.14 Apr 10, 2007: Altinex Updates On
Brage Field 53
15.2.15 Apr 02, 2007: Altinex Spuds Rau Well In Denmark
54
15.2.16 Feb 22, 2007: Altinex Spuds Second Well In Oman 54
15.2.17
Jan 23, 2007: Altinex Spuds First Well In Oman 54
15.2.18 Jan 10, 2007:
Altinex Q4 2006 Production Updates 54
15.2.19 Jan 10, 2007: Altinex Starts
Drilling On South Arne 55
15.2.20 Dec 12, 2006: Altinex Starts Drilling At
Brage Production Well 55
15.2.21 Oct 19, 2006: Altinex Q3 2006 Production
Updates 55
15.3 Financial Announcements 55
15.3.1 Aug 13, 2007:
Altinex Declares Q2 2007 Results 55
15.3.2 Jun 12, 2007: Altinex Declares
Reverse Split Of Shares 56
15.3.3 May 03, 2007: Altinex Declares Q1 2007
Results 56
15.3.4 Feb 12, 2007: Altinex Declares Q4 2006 Results 57
15.3.5 Nov 06, 2006: Altinex Declares Q3 2006 Results 58
15.3.6 Aug 14,
2006: Altinex Declares Q2 2006 Results 58
15.4 Other Significant
Developments 59
15.4.1 Jun 29, 2007: Altinex Chairman Resigns 59
15.4.2 May 31, 2007: Altinex Gets 20% Share In Norwegian Blocks 59
15.4.3
Jan 30, 2007: Altinex Gets New License In Norwegian APA 2006 Licensing Round
59
15.4.4 Jan 15, 2007: Altinex Applies To Pre-qualify As Operator On
Norwegian Continental Shelf 60
16 Appendix 61
16.1 What is this Report
About? 61
16.2 Methodology 61
16.2.1 Coverage 62
16.2.2 Secondary
Research 63
16.2.3 Primary Research 63
16.2.4 E&P Forecasts 63
16.2.5 Midstream Forecasts 66
16.2.6 Expert Panel Validation 66
16.3
Contact Us 67
16.4 About Global Markets Direct 67
16.5 Disclaimer
67
1.1 List of Tables
Table 1: Altinex ASA,Key
Facts 9
Table 2: Altinex ASA ,Crude Oil Production And Forecasts
(Boe) by Fields ,2000-2012 10
Table 3: Altinex ASA ,Natural Gas
Production And Forecasts (MMcf) by Fields ,2000-2012 11
Table 4:
Altinex ASA , Gross Revenue ($thousand) by Fields, 2008-2012 12
Table 5:
Altinex ASA , Total Government Take ($thousand) by Fields, 2008-2012
13
Table 6: Altinex ASA , Contractor Take ($thousand) by Fields,
2008-2012 14
Table 7: Altinex ASA, Number of Exploration Blocks, by
Country, 2000-2007 15
Table 8: Altinex ASA, Crude Oil Production
(BBls), by Country, 2000-2007 16
Table 9: Altinex ASA, Natural Gas
Production (MMcf), by Country, 2000-2007 17
Table 10: Altinex ASA,
Crude Oil Production (BBls) By Fields in Denmark, 2000-2007 18
Table 11:
Altinex ASA, Crude Oil Production (BBls) By Fields in Norway, 2000-2007
18
Table 12: Altinex ASA, Natural Gas Production (MMcf), By Fields in
Denmark, 2000-2007 19
Table 13: Altinex ASA, Natural Gas Production
(MMcf), By Fields in Norway, 2000-2007 19
Table 14: Altinex ASA' s
Asset Details,Block 4, March 2008 20
Table 15: Altinex ASA' s Asset
Details,Block 3, March 2008 21
Table 16: Altinex ASA' s Asset
Details,5605/10+ 14, March 2008 21
Table 17: Altinex ASA' s Asset
Details,5604/30; 5504/2, March 2008 22
Table 18: Altinex ASA' s Asset
Details,5604/29+ 30, March 2008 22
Table 19: Altinex ASA' s Asset
Details,5604/23+ 24+ 27, March 2008 23
Table 20: Altinex ASA' s Asset
Details,5604/22+ 26(7/86 ), March 2008 23
Table 21: Altinex ASA' s
Asset Details,5604/22+ 26, March 2008 24
Table 22: Altinex ASA' s
Asset Details,5604/22, March 2008 24
Table 23: Altinex ASA' s Asset
Details,5604/21+ 22+ 25+ 26, March 2008 25
Table 24: Altinex ASA' s
Asset Details,5604/19+ 20, March 2008 25
Table 25: Altinex ASA' s
Asset Details,5604/18, March 2008 26
Table 26: Altinex ASA' s Asset
Details,5604/16+ 20; 5605/13+ 17, March 2008 26
Table 27: Altinex
ASA' s Asset Details,5503/8; 5504/1+ 5, March 2008 27
Table 28:
Altinex ASA' s Asset Details,Cecilie, March 2008 27
Table 29: Altinex
ASA' s Asset Details,Nini, March 2008 28
Table 30: Altinex ASA' s Asset
Details,Siri, March 2008 29
Table 31: Altinex ASA' s Asset
Details,South Arne, March 2008 30
Table 32: Altinex ASA' s Asset
Details,Enoch, March 2008 31
Table 33: Altinex ASA, Key Employees,
37
Table 34: Altinex ASA, Subsidiaries 42
Table 35: Brent Blend
NYMEX Future Prices 66
1.2 List of Figures
Figure 1: Altinex
ASA , Crude Oil & Natural Gas Forecasts, 2000-2012 10
Figure 2:
Altinex ASA , Gross Revenue ($thousand) by Fields, 2008-2012 12
Figure 3:
Altinex ASA , Total Government Take ($thousand) by Fields, 2008-2012
13
Figure 4: Altinex ASA , Contractor Take ($thousand) by Fields,
2008-2012 14
Figure 5: Altinex ASA, Number of Exploration Blocks, by
Country, 2000-2007 15
Figure 6: Altinex ASA, Crude Oil Production
(BBls), by Country, 2000-2007 16
Figure 7: Altinex ASA, Natural Gas
Production (MMcf), by Country, 2000-2007 17
Figure 8: Global Markets
Direct Methodology 62
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