Highlights Ophir is a potential world class African resource play / 5th largest deepwater acreage holder in Africa Diversified African / 5+ potential world scale oil and gas plays exploration and / 4.1Bnboe of net unrisked resources…
Board composition Nicholas Smith Chairman, Non Executive Executive Executive Managing Chief Independent Independent Independent Independent Independent Independent Non Deputy Director & Director Financial Non Non Non Non Non Non…
2011-2012 the next phase of growing the resource base Exploration and appraisal: Commercialisation: Start-up: / High-risk high-reward, rapid value accretion in the exploration and appraisal phase / Increased capital / First…
Potential for material near term net reserves and resources growth 1,674MMboe Prospective…
Tanzania Potential world scale gas resources, emerging oil play Highlights / Opened new petroleum province with successful drilling campaign in 2010/2011 / 21.2Tcf (3.5Bnboe) gross unrisked prospective resources / Pweza, Chewa and…
Tanzania Predictable, well constrained seismic / All three wells have discovered gas in soft, Tertiary sandstones / All gas intersections to-date are associated with a distinctive seismic signature - commonly referred to as a DHI…
Tanzania Regional play concepts Oil and gas potential De-risked significant gas play Oil and gas potential / East Pande block recently / Wells drilled to date / 3D recently acquired secured Pweza-1 (2010) Chewa-1 (2010) Chaza-1…
Tanzania Resources overview and forward work plan Forward plan Contingent and prospective resources Gross Net WI / 7 wells drilling campaign3 commencing 2H 2011 In Place (Pmean) (Pmean) 1 2 (Pmean) unrisked unrisked GPoS Gas (Bcf)…
Monetising Tanzanian gas / Innovative early commercial agreements: provide control and accelerate development / Farm out and collaboration with best-in-class LNG operator / Commercial certainty and bankability will attract mid-stream…
Gabon Potential world scale pre-salt oil play Highlights / The Ogoou Delta is a proven oil and gas province - over 2,000MMbbl of oil and 900Bcf of gas in post-salt sequences / 2,420MMboe gross unrisked prospective resources /…
Gabon Reconstruction showing potentially analogous Brazilian fields and discoveries Conjugate Brazilian and Gabonese basins Source: Ophir 13
Gabon Mbeli/Ntsina: pre-salt resource potential / Two pre-salt mega-closures have been mapped in Mbeli/Ntsina. Each mega-closure has a number of sub-culminations / RPS has produced volume ranges for the following two models: / The…
Equatorial Guinea De-risked gas play; significant further resource potential; active drilling campaign Highlights / Block R is located in the south eastern part of the Niger Delta, close to numerous significant oil and gas…
Equatorial Guinea Fortuna-1 discovery / The Fortuna discovery illustrates the clearly defined amplitude anomalies across the gas reservoirs Opacity stack through Fortuna seismic amplitude volume showing anomalous response of gas…
Equatorial Guinea Resources overview and forward work plan Forward plan Prospective resources Gross Net WI / 2+ well exploration drilling campaign commencing Q4 In Place (Pmean) (Pmean) unrisked (Pmean) unrisked GPoS 2011…
Monetising Equatorial Guinea gas / Expected commercialisation via Equatorial Guinea LNG2, but floating LNG provides alternative, if required Multi-party MoU governs development of Equatorial Guinea LNG2 Upstream Mid-stream…
AGC Near term, frontier oil exploration Highlights / Kora-1 well targeting 165MMboe net unrisked resources in June/July 2011 1 in 5 chance of drilling success / Structural style in the AGC dominated by toe thrust and salt diapirism…
Exploration and appraisal programme 12+4 high impact exploration and appraisal wells anticipated before end 2012 / Campaign targeting 1.8Bnboe4 net unrisked at average GPoS of 1 in 5 Gross Gross Net Net (Pmean) (Pmean) Working…
375m IPO proceeds used across 5+ plays targeting 1.8Bnboe1 net unrisked resources 2011 2012 Likely Country Permit Q3 Q4 Q1 Q2 Q3 Q4 ( million) Comments Blocks 1,3 Tanzania 199 Operator has secured a +300 day rig commitment and 4…
Highlights Ophir is a potential world class African resource play / 5th largest deepwater acreage holder in Africa Diversified African / 5+ potential world scale oil and gas plays exploration and / 4.1Bnboe of net unrisked resources…
Appendix 25
AGC Generic play elements 112km W Dome Flore Field E 1Bbbl Heavy Oil Field Potential Outboard Oil Kitchen Proven Inboard Oil Kitchen Source: Ophir 26
Madagascar Emerging oil play Highlights / Marovoay Block 2102, located on the onshore part of the Majunga Basin / 484MMboe gross unrisked prospective resources / New play concept formed the basis of the Ophir farm in / Sedimentary…
Congo, SADR, Somaliland Assets overview Congo (B) SADR Somaliland Ophir Ophir Ophir Interest JV partners Area Water depth Interest JV partners Area Water depth Interest JV partners Area Water depth Block (%) (%) (km2) (m) Block…