Track Record Oranje-Nassau Energie

Since 1991, the Oranje-Nassau Energie (ONE) team has completed over 30 acquisitions and divestments, nearly all of which showed healthy returns. The core team has worked together for more than a decade and remained with the company following the 2009 shareholder change. With the acquisition of the operated Cirrus portfolio and Q16a in 2011, ONE became an offshore NL operator and is now the only fully Dutch owned NL operating company.

Oranje-Nassau Energie is uniquely positioned

• Cost efficient and lean operating team can pursue marginal accumulations
• Unique proposition, delivering direct exposure to the development and production of oil and gas fields
• ONE shareholders and team have an outstanding track record, plus market knowledge base

Short term

• Increase reserves to 100 mln boe
• Grow operated North Sea asset base and look for West African operated positions
• Focus initially on the existing core geographies: North Sea and Gabon
• Use North Sea knowledge base of the ONE team
• Build a robust portfolio, diversified over oil and gas fields, plus also exploration and development
• Consider an IPO of the company

Long term

• Further expansion of operated position in North Sea and West Africa
• Further increase reserves to in excess of 200 mln boe