2011 Milestone - London Stock Exchange Raised US375 million via a highly oversubscribed primary issue Offer of 93,867,334 Ordinary Shares of 0.25 pence each at an Offer Price of 250 pence per share and admission to the premium…
Ophir - Overview Ophir is a potential world class African resource play Ophir has outperformed since IPO, even amongst difficult market conditions Shares (000) Ophir Brent Crude FTSE 250 Price (p) 10,000 08-Jul: 13-Jul: Admission to…
Ophirs African Portfolio 17 different projects across Diverse pan-African portfolio nine jurisdictions. Drilled nine deepwater SADR 4 blocks exploration wells as Operator Daora, Haouza, Mahbes, Mijek, 50% WI Five significant…
Portfolio Overview c 2Bbbl of risked resource across the portfolio (Management estimate) The place to be low Portfolio management use good geoscience to inflate the balloons risk and high volume: Drill, appraise, develop Low risk…
Ophir Acreage Position: Tanzania Blocks 1, 3 and 4 Ophirs Tanzanian and Anadarkos/ENIs Mozambique discoveries have confirmed a major new hydrocarbon province Ophirs Tanzanian acreage has the potential to support a multi-train LNG…
Ophir Acreage Position: East Pande, Tanzania Opportunity to leverage competitive advantage from adjacent success Extension of proven reservoir fairways into onlap plays with multi-Tcf potential 3D seismic to be acquired during Q4 2011…
Tanzania - Regional Emerging hydrocarbon province with several recent discoveries (8 gas +/- 1 oil). Tertiary Deltas act as provenance for high quality slope channel and slope/basin-floor-fan (reservoir) sands. 8
Tanzania - Regional Emerging hydrocarbon province with several recent discoveries (8 gas +/- 1 oil). Tertiary Deltas act as provenance for high quality slope channel and slope/basin-floor-fan (reservoir) sands. Blocks 1, 3, 4 and…
Tanzania - Regional Emerging hydrocarbon province with several recent discoveries (8 gas +/- 1 oil). Zeta Tertiary Deltas act as provenance for high quality slope channel and slope/basin-floor-fan (reservoir) sands. Blocks 1, 3,…
East Pande: 2012 Forward Plan Ophirs 2012 objectives; Finalise interpretation of the existing 2D seismic. Acquire, process and interpret a 3D survey of c 2,100km2 Contract award imminent and acquisition likely to commence before…
Tanzania - East Pande: Lead 1 East Lead 1 - Top Reservoir Depth (m) A East Pande Block 2 B Country Tanzania Licence Pande Name Lead 1 B WD (m) 1200 TD (mSS) 3900 CoS Lead 1 Lead 1 19% Primary Target MSV P90 Mean P10…
Tanzania - East Pande: Lead 3 East Lead 3 - Top Reservoir Depth (m) Country Tanzania Licence S N Pande Name Lead 3 Nyuni-1 WD (m) 700 TD (mSS) 3200 CoS 19% Primary Target MSV P90 Mean P10 (Bcf) Primary Target 880 2100 3580 Ophir…
Equatorial Guinea - Block R Four gas discoveries (1 Tcf) plus multiple low risk analogues with considerable upside exploration potential Current commercial threshold for LNG project (onshore/offshore) c 2.5Tcf Three well campaign in…
Block R: Geoseismic Section Highlights major play systems in thrust belt and fore-thrust area Additional deeper oil potential will be tested very cheaply with thrust-belt wells 16
Equatorial Guinea Block R: Play Types NW Mini-Basin Fore-thrust Area High risk oil play Moderate risk volume upside Thrust Belt Gas Euthenia Prospect Fortuna Canyon Fortuna Canyon Low risk high volume Thrust Belt Gas…
Fortuna Canyon: Appraisal Well Locations with Stacked Targets Felix Fortuna Viscata Fortuna-1 Fortuna West-1 Fortuna-1 Fortuna West-1 Fortuna-1 Fortuna East-1 Fortuna West-1 Fortuna East-1 Fortuna East-1 Fortuna West-1…
Ophir Acreage Position: Gabon Oil play with considerable upside potential (1Bbbl) Farm out to Petrobras validates pre-salt potential and discoveries on conjugate margin provide analogue support 3D seismic contracts being finalised and…
Gabon Potential world scale pre-salt oil play Highlights The North Gabon/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…
Why Gabon Pre-salt Significant advances in both geological understanding and technology (particularly seismic imaging) in recent years have led to a fuller understanding of pre-salt prospectivity. 21
Location of Ophir Acreage Relative to Analogues Analogous setting between Sergipe Alagoas and North Gabon basins Strong evidence in Gabon for an extension of the proven onshore pre-salt play into the offshore Pre-salt Gamba Sand…
Pre-salt 3D; Imaging Challenge The thick salt layer shields the underlying section from the seismic energy Recent advances in imaging technology allow significant improvements over the existing data 23
Mbeli/Ntsina Pre-salt 3D Survey Ophir will acquire a new 3D seismic survey specifically designed to optimise pre-salt imaging A ray trace illumination study of the existing 3D data suggests ultra-long offsets and deep towed streamers…
Manga Marin: Afo Marin Geoseismic Section Afo Marin 25
Gabon - Manga Marin: Afo Marin Prospect Licence Manga Country Gabon Marin Name Palaeocene Lowstand Wedge Onlap WD (m) 1640m TD (mSS) 4100m CoS 12% MSV P90 Mean P10 (MMbbl/Bcf) Overall 45 251 511 Afo Marin Palaeocene…
Gabon - Gnondo Marin: Pachg Liba Prospect Gnondo Country Gabon Licence Marin Name Pachg Liba Prospect WD (m) 1580m TD (mSS) 3200mSS CoS 14% MSV P90 Mean P10 (MMbbl/Bcf) Overall 242 441 667 Limit of closure Maas.…
18 Month Activity Plan: 9 firm and 4 contingent wells, 5,000km2 3D seismic data acquisition Major seismic acquisition programmes in Gabon and Tanzania to mature further drillable prospects Drilling campaigns in Tanzania and EG with…
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