Ophir Energy Pure-play deepwater African exploration June 2013
A Unique FTSE 250 Listed Investment Pure play exploration with the funding to explore diverse, high-impact portfolio What How 2012 Results Leverage regional G&G expertise, deepwater 106,702km2 drilling capability and strong cash…
Business Model: Focussed on near-term ROI Geoscience Expertise Deepwater Explorationled Diverse and Drilling Prospective Capability Growth Portfolio Effective Capital Management 3
2012 Discovered: 896 MMBOE net risked resource 2013-2014: Targeting: 1.3 BOE net risked resource 3 2012: Net Contingent Resource + Net Risked Prospective Resource YE 2012 2 Targeted 700 MMBOE of net risked Total = 4.0 BBOE resource…
2013-14 Forward Programme Targeting 1.3 BBOE estimated net recoverable resources in MMBOE 3410 Net Unrisked 1249 575 443 362 297 222 178 135 87 58 682 Net Risked 187 61 66 72 86 66 44 45 49 12 Starfish…
2013-2014 H1 Drilling Programme1* 10-15 wells proposed targeting 1.3 BBOE of net risked resource (6.9 BBOE net unrisked)2,4 Pmean 2013 2014 CoS Country Block Name Well Name Ophir (MMBOE)4 Gross Net (%) Q1 Q2 Q3 Q4 Q1 Q2 Multiple…
East African Gas: World Scale Resource Kenya LNG Mbawa1 Illustrative LNG Supply Cost Into Japan / Korea / China discovery proof of concept 15 12+ Tcf Tanzania North potential Cost at Border Point (/mmBtu) play opening…
Tanzania LNG Positioned for Success World scale resource with partner alignment 13.6+ TCF 2C recoverable resource discovered across Blocks 1, 3 and 4 sufficient to underpin a World Class twotrain LNG project Resource Base Further 50…
Blocks 1, 3 & 4: 2013 Exploration and Appraisal Programme Firming up Block 1 discovered resource and investigating additional Block 4 upside potential Significant Resource Potential Across Asset Block 4 13.6 TCF mean recoverable…
Block 1 Outboard Exploration Testing potential newly identified high impact targets off new 3D seismic Nonoperated: 40% WI Block 1 Inventory as of February 2013 1C 1H Ophir and BG are actively reviewing and ranking Block 1 prospects…
Block 4: Ngisi exploration and Chewa Appraisal Potential to aggregate up to 4.1 TCF mean recoverable resource in Block 4 (Pweza, Chewa & Ngisi) Exploration well on the Ngisi prospect to target 1.3 TCF1 mean recoverable resource…
East Pande: Potential for liquids & gas Likely Landfall of Blocks 1, 3 & 4 LNG Development Operated: 70% WI Series of prospects identified in Tertiary and Cretaceousaged sediments First drilling target potentially Maembe: Course…
Block 7 Mlinzi: Possibly analogous to ENI Mamba South 25.6 TCF target Multi-train LNG potential Mamba South Depositional Model (22.5 TCF)2. Operated: 80% WI Block 7 Extensive Cretaceousaged channel encased in shale Water Depth:…
Material footprint in a rapidly emerging play The industry migrates north in 2012/2013 Somalia Nine 3D Seismic Surveys Kenya acquired in the offshore Pomboo-1 L21 Lamu in the last 18mths L5 1st offshore Discovery in Anadarko…
Kenya: Unlocking potential through 3D seismic data acquisition 2 Basins, 2 Blocks, 2 3D Surveys in 2012 2 3D seismic surveys acquired between September November 2012 Kenya L15: 2331km2 L15Ndoto 3D Survey Block L15 Ndoto 3D Survey,…
West Africa Exploration Focus 2010-Present Day 7 Key Focus areas Central Atlantic Margin Equatorial Margins and Transform Margin Niger Delta Nigeria Ghana Cameroon Extending the limits of the prolific Building on the success of…
Accra Block: Drilling for oil in Ghanas Cretaceous slope play Operated: 20% WI World class oil sweet spot: Jubilee, Tweneboa, Odum, Teak and Pecan1 First well (Starfish) targeting stratigraphic onlap play (Water Depth: 1,360m;…
Gabon: Offshore Activity LEGEND Pre Salt Activity Post Salt Activity West Africa Pre Salt Focus shifts north in 2013 1) Anadarko-Agall 1 exploration well pending Ophir holds the third largest net acreage position offshore…
Gabon: Pre and Post Salt Targets Play Diversity: Multiple Independent Tests Late 90s/ Early 00s pushing the Early 90s Total focus on shelf 1985 Rabi Kounga-1 Onshore Rift early 1000m 2000m 200m 500m play beyond the shelf,…
Gabon: Padouck Deep Pre-salt Prospect Testing the mega pre-salt structure Operated: 50% WI Series of presalt prospects well imaged by 3D seismic Padouck Deep: Gamba and Coniquet/Dentale sands Water Depth: 850 m; Target Depth: 2,300…
Equatorial Guinea Block R Operated: 80% WI Potential to explore for oil at incremental cost Seven gas discoveries onblock Up to 6 wells planned in 2013/20142. Over 2.6 TCF1 of gross mean 2C contingent resource discovered Potential…
EGLNG-R: A clearer path to high value markets Post 2012 drilling programme: Dedicated LNG project from Block R now viable Accelerated onshore development Fewer stakeholders = more control of pace by Ophir Option 1: EG LNG-R…
An exceptional 2012 and start to 2013 In 2012: Ophir drilled 1/3 of our inventory in 2012 Prospect inventory delivered exceptional results: discovered 896 MMBOE net mean recoverable resource Jodari1: Tanzanias First Deepwater Flow…
Leading African Deepwater Portfolio Acreage totalling 100,000 km2 L15 Kenya Ghana L15 90% 2 Accra 20% L9 90% L9 SADR Accra AGC Somaliland Ghana Block 7 Tanzania EG Blocks 1,3&4 40% Gabon Congo Kenya Block 7 80%…
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