Focused strategy –unique position

• Headquarter and current shareholder base in Northern Norway 
• Focusing on exploration in northern parts of the Norwegian continental shelf 

The Norwegian Sea and the Barents Sea 

• Active in discussions regarding opening of Lofoten and Vesterålen, the most attractive, untouched 
• exploration acreage in Norway 
• Will farm- in to licenses in the North Sea in order to exploit capacity 

Fully funded exploration program

• 8 well exploration program fully funded through proposed equity issue 
• Targeting average prospect size of 50 mmboe¹ net to North Energy 
• Expecting to make two to three discoveries 
• 90% probability of making at least one discovery 
• Focus on high PoS2 prospects with short lead time to production 

Experienced management team

• Recognised management team with proven track record
• Extensive experience from Norwegian and international E&P companies 
• Strong ties and network within Northern Norway