A Major j Emerging g g Oil Company in East Africa The 2nd East Africa Oil and Gas Summit Nairobi - October, 2013 A Lundin Group Company
2013 The Proof in the Pudding Moving to development Exceeds threshold volumes for development Working with host governments and partners to put start-up and long term development plans in place Appraisal pp p programs g initiated…
Location, Location, Location First mover advantage in securing unequalled acreage position in what is now the worlds top exploration spot Over 250,000 sq km or 62 million acres gross Rift Basin Area Four separate petroleum…
The Opening of the First New Basin Lokichar Ngamia-1 discovery is Tertiary Rift Play Opener - Over 100 undrilled prospects and leads Tertiary/Cretaceous Rifts North Sea Reserves: Unrisked Gross Best Estimate of 60+ BBO Prospective…
Lokichar Basin Low Risk Proven Hydrocarbon System 100% success rate to date 4 for 4 on exploration Lokichar Sub-basin wells Time Structure Map Top Lokhone Shale Etuko oil discovery confirms extension of productive Etom fairway…
Ngamia & Twiga South Discoveries Ngamia 1: Ngamia-1: Twiga South South-1: 1: Test data confirms excellent reservoir quality in Upper Core and test data confirm excellent reservoirs: Auwerwer sands: 23-29% porosity 23-29% porosity…
Lokichar Basin Exploration through 2014 Etom North Best-Estimate Gross Resources: Gross Best Estimate Contingent (2C) Prospective : 234 MMBO Resources to date: Upcoming Wells: 368 MMBO (gross)1 Etom Complex Spud 1H, 2014 B…
South Lokichar Basin Building World Class Resource Base Best Estimate (2C) and Upside (3C) Gross Contingent Unrisked prospect average mmbo Resources size increased from 1,000 81 mmbo (2012) to 851 204 mmbo (2013) 800 Lokichar Basin…
Focus on Opening New Basins North Turkana (South Omo Block) S bi W Sabisa Wellll proved d source, seall and d reservoir i Tutule well should prove up trap and concept Chew Bahir Basin (South Omo Block) New seismic identified…
Basin Opening Strategy 2013/2014 New Basin De-Risking Schedule New Basin De-Risking Gross Best Estimate Unrisked Prospective Resources Best Estimate Net Unrisked & Risked Prospective Resources Q4 1H 2H mmbo 2015+ 2013 2014 2014…
World Class Development Project Ngamia, Twiga South and Etuko discoveries prove prolific light oil South Lokichar basin with significant running room South Lokichar Basin exceeds threshold volumes for development Kenyan &…
What you will see by end 2014 2013 1H 2014 2H 2014 Basin Openers Tultule Bahasi Sala Shimela S. Kerio Gardim W. Turkana Ngamia W Etom Lokichar Drill Out Agete Amosing Ewoi Ekunyuk Ekosowan Lokichar Appraisal Etuko-2 Twiga-2…
Corporate Social Responsibility Commitment Risk Management and Value Creation Africa Oil is committed to addressing the challenge of sustainability - delivering value to our shareholders, while providing economic and social benefits to…
Opportunity Summary Africa Oil has the best onshore acreage position in East Africa Africa, and perhaps the largest upside portfolio in the world The Ngamia, g Twiga, g Etuko and Ecales discoveries have significantly g y…
AOI has a Strong Management Team Keith Hill, President and CEO Mr. Hill has over 25 years experience in the oil industry including international new venture management and senior exploration positions at Occidental Petroleum and Shell…
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