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CORPORATE PRESENTATION – Africa Oil Corp.

Africa Oil Corp. · Jul 31, 2013 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CORPORATE PRESENTATION – Africa Oil Corp. – slide 1
    A Lundin Group Company A Major Emerging Oil Company in East Africa Twiga South-1 Test, Block 13T, Kenya Corporate Presentation July, 2013 1 Ngamia-1 Test, Block 10BB, Kenya
  2. CORPORATE PRESENTATION – Africa Oil Corp. – slide 2
    2013 The Proof in the Pudding Drilling program opens 3 new basins Lokichar, North Anza and North Turkana 2013 program now focused on 3 major areas Drilling up exploration prospects in proven Lokichar Basin Opening up new basins…
  3. CORPORATE PRESENTATION – Africa Oil Corp. – slide 3
    Location, Location, Location First mover advantage g in securing unequalled acreage position in what is now the worlds world s top exploration spot Over 250,000 sq km or 62 million acres gross Rift Basin Area Four separate…
  4. CORPORATE PRESENTATION – Africa Oil Corp. – slide 4
    The Opening of a New Basin Ngamia-1 discovery is Tertiary Rift Play Opener Tertiary/Cretaceous Rifts Resource Estimate North Sea Reserves: (Unrisked): 23 BBO 60+ BBO Exploration Wells: Tertiary: 4, Cretaceous: 7 Exploration Wells:…
  5. CORPORATE PRESENTATION – Africa Oil Corp. – slide 5
    Lokichar Basin Low Risk Proven Hydrocarbon System Lokichar Sub-basin Lead F F Time Structure Map Discoveries at Ngamia and Twiga confirm highly Top Lokhone Shale prospective source rock, traps and reservoirs Numerous low risk…
  6. CORPORATE PRESENTATION – Africa Oil Corp. – slide 6
    Ngamia-1 Discovery Block 10BB Ngamia-1 Discovery W E Dip Line Ngamia-1 Prospective Area Dip Line Ekales S (formerly Kongoni) St ik Line Strike Li Ngamia-1 Ngamia 1 Discovery 13T 10BB N Strike Line S 2 KM Time…
  7. CORPORATE PRESENTATION – Africa Oil Corp. – slide 7
    Ngamia-1 Cross Section Test data confirms excellent reservoir quality q y in Upper pp Auwerwer sands: o 23-29% porosity o 50 400 md permeability Well produced 3,200 bopd from six tests With optimized artificial lift equipment…
  8. CORPORATE PRESENTATION – Africa Oil Corp. – slide 8
    Twiga South-1 Cross Section Core and test data confirm excellent reservoirs in Upper Auwerwer sands: o 23-29% porosity o 100 md - 3 darcy permeability Well produced 2,812 bopd from 3 tests With optimized artificial lift…
  9. CORPORATE PRESENTATION – Africa Oil Corp. – slide 9
    2013 Potential Drilling Candidates Tullow-Operated: RIFT BASIN AREA Testing: Twiga Twiga South-1 South 1 Ngamia-1 Shimela Additional testing in contingent budget Sabisa-1 Tullow-Operated: Testing Exploration: Exploration…
  10. CORPORATE PRESENTATION – Africa Oil Corp. – slide 10
    Current Rig Schedule Weatherford 804 OGEC 75 Recently R tl completed l t d ttesting ti N Ngamia-1 i 1 Recently completed drilling Sabisa well Being mobilized to Tultule location Currently being mobilized to Ekales next then to…
  11. CORPORATE PRESENTATION – Africa Oil Corp. – slide 11
    Aggressive 2013 Seismic Program 2013 Program: 4,330 km 2D 3D seismic crew mobilizing into 550 sqkm 3D Lokichar Basin for detailed structural mapping Three 2D onshore seismic crews and one 2D offshore seismic crew to remain…
  12. CORPORATE PRESENTATION – Africa Oil Corp. – slide 12
    Ekales (formerly Kongoni) Cross Section Lokichar Sub-basin 24 64 144 Lead F Time Structure Map Top Lokhone Shale Future appraisal of Auwerwer & Ekales-1 deeper targets Etom Twiga South Discovery Agete Ekales Etuko…
  13. CORPORATE PRESENTATION – Africa Oil Corp. – slide 13
    Etuko Prospect (formerly Kamba), Block 10BB Etuko Prospect (formerly Kamba) SW Dip Line NE Lokichar Sub-basin Lead F Time Structure Map Top Lokhone Shale Large structures: 70 km2 & 700 m relief Auwerwer Lokhone Sh 40 m…
  14. CORPORATE PRESENTATION – Africa Oil Corp. – slide 14
    Additional Lokichar Basin Ramp Prospects Possible follow-up to Etuko Prospect Shallow…
  15. CORPORATE PRESENTATION – Africa Oil Corp. – slide 15
    South Omo Block Northern String of Pearls AOC 30% WI, Tullow Operates with 50% Sabisa-1 spud Jan. 2013, TD 2082 m confirms viable hydrocarbon system in region (300 km north of Ngamia) Extension of Tertiary rift trend north of Lake…
  16. CORPORATE PRESENTATION – Africa Oil Corp. – slide 16
    Sabisa-1, South Omo Block, Turkana Basin Sabisa-1 encountered reservoir quality sands, oil and heavy gas shows indicating oil prone Sabisa -1 Tultule Prospect source rock, and a thick shale section which W Dip Line E should h ld…
  17. CORPORATE PRESENTATION – Africa Oil Corp. – slide 17
    South Omo Basin Ramp Play Sabisa West Sabisa-1 Tultule Prospect Prospect Ramp Play Prospects W River E Shale Mrkr Tertiary Marker 5 Mrkr 3 Base Tertiary, Basement 17
  18. CORPORATE PRESENTATION – Africa Oil Corp. – slide 18
    Uganda Lake Albert Ramp Play Discoveries Lake Albert River Nile Kasamene-1 Nigiri-1 Rii-1 Jobi-1 Jobi-East-1 SW 5.6km NE 10.8km 5.5km 4.4km Stratigraphic Trap / Tar Sand 0mSec 500 OWC 1000mSec Wells planned Wells…
  19. CORPORATE PRESENTATION – Africa Oil Corp. – slide 19
    Chew Bahir Basin Completed 1,250 km 2D seismic Large number of prospects and leads Chew AVO anomalies (possible hydrocarbon indicators) Bahir Basin present First well in new sub-basin planned for end of 2013 A Seismic Line…
  20. CORPORATE PRESENTATION – Africa Oil Corp. – slide 20
    Newly-Awarded Rift Basin Area PPSA PPSA award follows 3-year Joint Study Rif B i A Rift Basin Area 42,519 sq km Extends AOC position in Tertiary Rift Basins Frontier area, no existing seismic data or wells Initial exploration…
  21. CORPORATE PRESENTATION – Africa Oil Corp. – slide 21
    South Anza Basin: Bahasi-1 Prospect (formerly Kinyonga) Block 9 Cretaceous Basin on trend with South Sudan with over 6 billion barrels of oil discovered along trend Bahasi-1 SW NE Pl conceptt confirmed Play fi d att P Paii P…
  22. CORPORATE PRESENTATION – Africa Oil Corp. – slide 22
    Jurassic Rift Exploration (Horn Petroleum) Prolific, proven play in Yemen expected Shabeel 1& 2 to extend into Puntland, which shares a common geologic history Shabeel 1, 2 Two wells drilled/operated by Horn Petroleum in Dharoor…
  23. CORPORATE PRESENTATION – Africa Oil Corp. – slide 23
    Estimated Prospective Oil Resources SUMMARY OF PROSPECTIVE OIL RESOURCES 1 Current Working Interests Geographic PSC/PSA Operator UNRISKED AOC UNRISKED RISKED4 Region Gross Best Working Net Best Net Best Estimate Interest Estimate…
  24. CORPORATE PRESENTATION – Africa Oil Corp. – slide 24
    AOI Corporate Summary Funding g 2013 work program fully funded 2013 Forecast O&G Expenditures (gross): 566MM 272.2MM Cash (31-Dec-2012) 73.6 43.5MM 43 5MM Marathon farmout carry dedicated to Block 9, Block 12 and Rift Basin…
  25. CORPORATE PRESENTATION – Africa Oil Corp. – slide 25
    A History of Value Creation Company 2002 Recent Notes Tanganyika 0.55/share 31.50/share Sold to Sinopec 2008 13.5 million MC 1.9 billion MC y Valkyries 0.45/share / 16.00/share / Sold to Lundin Petroleum 4 million MC 750…
  26. CORPORATE PRESENTATION – Africa Oil Corp. – slide 26
    Corporate Social Responsibility Commitment Africa Oil is committed to addressing the challenge of sustainability - delivering value to our shareholders, while providing idi economic i andd social i lb benefits fit tto iimpacted t…
  27. CORPORATE PRESENTATION – Africa Oil Corp. – slide 27
    Opportunity Summary Africa Oil has the best onshore acreage position in East Africa Africa, the worlds hottest exploration location The Ngamia, g Twiga g and Etuko discoveries have significantly g y de- risked the Lokichar…
  28. CORPORATE PRESENTATION – Africa Oil Corp. – slide 28
    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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