London, 1 December 2009
Programme:
08:45 Registration
09:15 Introduction
09:20 Aurelian Oil & Gas plc
09:40 Telecom Plus plc
10:00 Vernalis plc
10:20 Share plc
10:40 Networking coffee break
11:10 Creston plc
11:30 Chime Communications
11:50 Cohort plc
12:10 Northern Petroleum
12:30 Networking Lunch
14:00 Close
Aurelian Oil & Gas PLC is a European focused E&P Company whose core purpose is to create shareholder value through the capture, evaluation, exploration, appraisal and development of onshore hydrocarbon resources and the application of conventional technologies to underexplored proven hydrocarbon systems.
The Company was founded in December 2002, by Michael Seymour to focus on the established oil provinces in the central European countries of the former CIS where there had been little investment in seismic and drilling technology during the previous 20 years.
Aurelian recently announced a New Corporate Strategy outlining a focus on two core areas going forward; the Rotliegendes and Zechstein plays in Central and Western Poland and the Carpathian Thrust fold belt in Southern Poland, Slovakia and Western Romania.
Over the next two years the Company expects to announce significant growth in its current portfolio with the drilling of up to 11 wells, 9 high impact exploration wells on the Carpathian thrust fold belt and 2 appraisal wells on the Company’s Siekierki project in the Rotliegendes area.
Aurelian’s revised risked core EMV, based on the Company’s core areas of focus, is £1.48 per share, based on contingent resources of 23 mmboe and 27 mmboe of Risked Prospective Resources. The Company expects to convert its large appraisal and exploration portfolio into proven reserves and production, building a balanced portfolio by 2011.
The Chime Group helps clients create, manage, monitor and market their businesses, brands and reputation both in the UK and internationally.
Chime is the holding company for the UK’s leading public relations group, Bell Pottinger, the UK’s leading research and engagement group, Opinion Leader; and one of the fastest growing advertising and marketing services groups in the UK, that includes VCCP, Teamspirit, and Fast Track.
Chime is made up of three divisions, 49 agencies and over 1,000 people with offices in London, Liverpool, Leeds, Macclesfield, Glasgow and Cardiff in the UK; Berlin, Munich, Hamburg, Madrid, Brussels in Europe; New York, Boston and Washington DC in the USA and Dubai, Abu Dhabi, Bahrain and Qatar in the Middle East.
Cohort plc is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through three market-facing subsidiary companies:
· SCS - an independent defence consultancy, combining technical expertise with practical experience and domain knowledge. Owned by Cohort since flotation in March 2006.
· MASS - a specialist defence and aerospace business focused mainly on electronic warfare, information systems and electronic systems development. Acquired by Cohort in August 2006.
· SEA - an advanced surveillance systems and software house with hardware development capability operating in the defence, space, transport and offshore market sectors. Acquired by Cohort in October 2007.
Cohort was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Oxfordshire and, through its operating companies, employs in total around 500 core staff there and at bases in Bristol, Cambridgeshire, Oxfordshire, Lincolnshire and Somerset.
Creston plc is an insight and communications group which offers clients seamless access to the most innovative marketing insights and communications services to help grow their brands in a rapidly-changing consumer world. Our companies draw upon the collective knowledge, expertise and services from across-the-Group so that their clients receive the best advice and achieve the best results no matter what the medium.
Creston Group expertise includes market research, consumer insight, advertising, public relations and marketing communications, including health marketing, direct marketing, customer relationship marketing and digital marketing.
Creston Group is made up of industry leading and award winning agencies: Tullo Marshall Warren, Delaney Lund Knox Warren, ICM, Marketing Sciences, newvista research, PAN Advertising, Nelson Bostock Communications, Red Door Communications, The Real Adventure and EMO.
Creston companies work with national and international blue chip brands including: Nissan, COI, Morrisons, Lloyds Banking Group, Unilever, Danone, Diageo, Aviva, Vodafone, GlaxoSmithKline, Canon and Tesco. Eight of the Group’s top 20 clients work with more than one Creston company.
Northern, is an oil and gas production, development, exploration and asset trading company focused on petroleum producing areas of low political risk in Italy, The Netherlands and UK. The Company’s strategy is to obtain substantial and concentrated licence positions, add value at reasonable risk utilising new drilling, seismic, completion, field development and computer technologies to establish profitable oil and gas production. Northern has a cash and working capital of €41.2 million, its Proven & Probable reserves of 103 million barrels and net production is forecast to increase from 330 to 2000 barrels per day in early 2010 rising to 6000 barrels per day by 2013.
In The Netherlands, the Grolloo and Geesbrug fields are scheduled for production before year end. The Brakel and Wijk en Aalburg gas fields in early 2010, with the Ottoland and Papekop oil fields and further production drilling to follow.
The geological risk is spread over 50 projects in 12 petroleum systems.
Italy represents the most exciting opportunities for exploration and material growth. The focus is on 4 core offshore areas. The Cretone Basin in which there are three gas discoveries, the Southern Adriatic Durres Basin with two oil discoveries and massive potential, the Raguna Basin and the west of Sicily Thrust Zone in which Shell Italia are partners. Cretone and the Southern Adriatic areas. Northern currently manages the largest licensed exploration area in Italy with over 15,000km², predominantly offshore. The company also has a position onshore in the Po Valley Basin.
In the UK, limited production comes from a 10% interest in the Horndean oil field and a 5% interest in the Avington oil field, both in West Sussex and Hampshire respectively.
With six fields coming on stream and a strong balance sheet, Northern is a company that is about to see a transformation.
Share plc, is the AIM quoted parent company of a Group engaged in stockbroking related activities (www.shareplc.com).
Share plc's principal business, The Share Centre Limited, began operations in April 1991, and provides administration of self-select and advisory trading accounts, including those operating within tax incentivised wrappers (e.g. ISAs, SIPPs and CTFs), both directly and through corporate clients. The Share Centre, one of the UK's leading independent retail stockbrokers, provides investment advice and guidance to its customers through a range of media, with around 70 per cent of its trading business now transacted though its internet website, www.share.com.
With a strong emphasis on customer service, a content rich web-offering and efficient transaction processing, all done in-house, The Share Centre competes effectively on both quality of service and price. This effectiveness is measured through monitoring revenues relative to a selected peer group, including all major UK clearing banks’ retail broking operations. The Group has grown market share every year since it started this monitoring in 2006. In 2008 the company won the iShares Best Execution Only Broker and the IFAOnline Best Online Sharedealing Provider awards.
The Share Centre also operates Sharemark, a multi-lateral trading facility, on which Share plc’s and other companies shares are traded. Share plc’s shares are also traded on PLUS markets. Sharemark is a periodic auction market which, when used as a dual-trading facility alongside AIM and PLUS, helps to increase liquidity by tightening the bid-offer spread.
Sharefunds Limited, sister company to The Share Centre, acts as investment manager to a fund of funds and provides administration services for third party Open Ended Investment Companies (OEICs), including the role of Authorised Corporate Director.
The Group based in Aylesbury, Buckinghamshire, has c.200,000 customers and employs 130 staff. In the first half of 2009 revenues were £6.9m (63% from recurring fees and interest) and operating profits were £0.97m, growth of 16% and 136% respectively on the first half of 2008. Shareholders funds were £18.1m of which £13.2m was cash, amounting to 11.3p per share as at 30 June 2009. The Group has increased its dividend by 10% every year since 2003 and paid 0.22p per share in respect of 2008. 77% of the Group’s equity is owned by its founder and Chief Executive, Gavin Oldham and related parties.
Research on the Group is produced by KBC Peel Hunt (the Group’s NOMAD and broker) and by Edison Investment Research.
Trading as the Utility Warehouse, Telecom plus provides a range of essential services (landline phone, mobiles, broadband, gas and electricity) to households and small to medium-sized businesses. We offer customers the convenience of a single monthly bill and substantial savings on the cost of their utilities. Most customers are members of our Discount Club, giving them access to a wide range of exclusive additional benefits, including our exclusive CashBack card, which gives 5% CashBack on purchases from a wide range of leading high street retailers.
The Company works in partnership with over 30,000 independent Distributors who attract new customers by personal recommendation, thus avoiding the need for expensive national advertising.
Distributors receive a small revenue share from each customer they introduce, which encourages them to focus on gathering creditworthy customers who take multiple services from us. These customers are able to benefit from unlimited free calls to landlines in the UK and our most popular international destinations, in addition to the savings they make on the individual services they have taken