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<strong>Nautical</strong> Petroleum plc <strong>Annual</strong> report <strong>and</strong> accounts 2010<br />

<strong>Nautical</strong> Petroleum plc is an<br />

independent hydrocarbon exploration<br />

<strong>and</strong> development company listed<br />

on the London AIM.<br />

Contents<br />

Overview<br />

01<br />

01 2010 highlights<br />

02 Chairman’s statement<br />

04 Chief Executive’s review<br />

Operational review<br />

06 Our portfolio<br />

08 UK continental shelf<br />

17 France<br />

18 Finance Director’s review<br />

20 Board of Directors<br />

Governance<br />

22<br />

22 Directors’ report<br />

25 Remuneration report<br />

27 Corporate governance<br />

28 Directors’ responsibilities for the financial statements<br />

29 Independent auditors’ report<br />

Accounts<br />

30<br />

30 Consolidated statement of comprehensive income<br />

31 Consolidated statement of financial position<br />

32 Consolidated statement of changes in equity<br />

33 Consolidated cash flow statement<br />

34 Notes to the financial statements<br />

47 <strong>Nautical</strong> Petroleum plc Company only accounts 2010<br />

48 Independent auditors’ report<br />

49 Company balance sheet<br />

50 Notes to the Company financial statements<br />

ibc Shareholder information<br />

ibc Glossary

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