Skip to main content UBS OIL AND GAS CONFERENCE – Africa Oil Corp. Investor Presentation | Shale Experts
Loading...
Pm

UBS OIL AND GAS CONFERENCE – Africa Oil Corp.

Africa Oil Corp. · Mar 12, 2012 · 37 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. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 1
    A Lundin Group Company 1 UBS Oil & Gas Conference Hunting Elephants in East Africas Rift Basins March 2012
  2. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 2
    2 Exploring in Four Major Rift Systems Africa Oil Assets Tertiary rifts (Kenya & Ethiopia) Cretaceous rifts (Kenya, Mali) Jurassic rifts (PuntlandSomalia) PermoTriassic rifts (Ethiopia) All of AOC plays are extensions of…
  3. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 3
    3 East Africa: Vastly Under Explored Proven Petroleum System 4,610 wells 210,000 km2 Norway 61 wells before commercial oil in the North Sea North Sea United Kingdom 50 billion billi b boe reserves 0 200 km 5.5…
  4. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 4
    4 Play Summary H Have spentt pastt 5 years assembling bli 300,000 km2 (74 MM A 300 000 k Acres)) lland d position 5 corporate deals, 6 farmouts Acquired Seismic and FTG on most blocks 3 seismic crews working to complete all…
  5. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 5
    5 Tullow Partnership in Tertiary and Cretaceous Rift Trend Tullows Ugandan discoveries now likely exceed 2.5 BBO* in the Lake Albert region. Tullow brings a 97% success rate to our new partnership. Tullow paid 10 MM past costs…
  6. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 6
    6 Traditional Gravity Vs. Full Tensor Gravity (FTG) Traditional FTG FTG New technology developed for US submarine Tullow used FTG very successfully in mapping; declassified in late 90s Uganda Albert Graben Detailed…
  7. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 7
    7 Tertiary Rift Exploration Block 10BB, 10BA, 12A, 13T in Kenya South Omo and Rift Valley Study Blocks in Ethiopia Tullows Uganda discoveries now at 2.5+ billion barrels of reserves Tertiary rift in Kenya/Ethiopia contains the…
  8. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 8
    8 Kenya Block 10BB Area = 12,638 km2 N-Kerio 13T AOC holds a 50% working interest S-Kerio Lake Loperot oil discovery (1992/Shell) Turkana and oil recovered in uphole derisks oil charge Lokichar Analogous to Albert Graben…
  9. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 9
    9 Block 10BB Ngamia Prospect: Play opener SW NE Metres Ngamia1 Line LOK-10-24 WESTERN RIFT BOUNDING FAULT LOKHONE SH LOKHONE SH MRKR LOKHONE SS Ngamia--1 well Ngamia 5km Closure: P50: 5.0 km2 (1,300…
  10. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 10
    10 Waraga, Lake Albert Uganda: Tullow Play Opener Waraga-1 Waraga1 DST 3 Wells drilled 3 650 bopd 3,650 (1 choke) 33.80 API H15 15.4m net pay 0.5 Sec DST 2 4,200 bopd (1 choke) 33.80 API 1 6.7m net pay Sec 3…
  11. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 11
    11 Ngamia Prospect, Spud January 24, 2012
  12. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 12
    12 Another Key Prospect on Block 10BB - Kamba Prospect SW NE P50 P10 KAMBA PROSPECT Depth Structure, CI: 20m 5 KM Vertical relief: 730 m Internal Estimated Resource (100%): Stacked Tertiary SS Reservoirs P50: 200 MMBO…
  13. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 13
    13 Block 10BA, Seismic Program South Omo Block, ET AOC acquired 50% WI through Centric acquisition Tullow operates with 50% WI, paying 80% Multiple oil slicks interpreted from satellite data M lti l il li k i t t df t llit d t…
  14. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 14
    14 Blocks 12A / 13T AOC holds 50% WI, Tullow: 50% WI (Operator) 10 BB 10A Seismic indicates 13T Seismic indicates 13T 13 T prospectivity on trend with Ngamia Prospect Highly underexplored with sparse g y p p seismic; no…
  15. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 15
    15 String of Pearls, Block 13T Refocused program 13T 10BB (red) Leads identified for e se s c new seismic Abandoned program Ngamia (blue) NGAMIA
  16. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 16
    16 Block 12A Block 12A Play Kerio Valley in southwest appears on FTG as well developed gravity low (sedimentary basin/kitchen) Target is the Lower Miocene Tambach Fm. Seismic Program will focus 500 km over Kerio Valley
  17. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 17
    17 South Omo Block 2D Seismic Program AOC AOC holds 30% WI, Tullow holds 30% WI, Tullow Operates with 50%. Extension of Tertiary rift trend north of Lake Turkana Unexplored with no previous seismic or wells FTG complete…
  18. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 18
    18 Cretaceous Rift Exploration Block 10A and 9 in Kenya Blocks 7 and 11 in Mali Over 6 billon barrels of oil discovered on trend in the analogous system in Sudan Thick oil stained section in 1980s vintage Amoco/Total wells…
  19. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 19
    19 Block 10A Area = 14,597 km2 AOC 30%, Tullow (OP): 50% Lake Anza Rift: Cretaceous rift A Rift C t ift Turkana extending into Kenya from Sudan Block 10 BA 3 wells drilled in the 80s by Amoco Block 10A Wells drilled…
  20. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 20
    20 Regional Seismic line- Pai Pai Sirius-1 Paipai Bellatrix-1 Recent Play Lake Pliocene Volcanics Maikona formation Miocene Lower Tertiary Upper Cretaceous Lower Cretaceous Jurassic Basement Internal P10: 287…
  21. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 21
    21 Block 9 Lake Turkana Block 10BA Block 10A Block 09 Block 10BB Marsabit National Park Block 12A AOC 100% Kaisut Oil prone Cretaceous play extending to SE from Sudan 70 km Bogal Gas Discovery, 2011:…
  22. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 22
    22 Kaisut Area Prospect SW NE Metres Tertiary Mrkr1 Tertiary Mrkr2 60 SQ KM 4WAY CLOSURE Cretaceous Oil Kitchen Near Top p Cret Basement
  23. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 23
    23 Bogal1 Block 9- Bogal-1 Cretaceous clastics (2800-3900 m) 260 sq km closure; Bogal at edge of closure 71 m net gas pay with 8-11% porosity Deeper tests inconclusive inconclusive, severe losses 2-3 TCF potential Mega…
  24. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 24
    24 Kenyan Energy Market Kenya Total Primary Energy Supply 20000 Geothermal/Wind 6%, 18000 16000 14000 Biomass 77% 12000 ktoe 10000 8000 6000 Hydro 1% 4000 2000 Oil 16% 0 Source: IEA, 2010 Demand growth is…
  25. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 25
    25 Jurassic Rift Exploration Dharoor and Nugaal Blocks in Puntland, Somalia Adigala Block in Ethiopia Prolific, proven play in Yemen expected to extend into Puntland, which shares a common geologic l i history hi t Yemen fields…
  26. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 26
    New Puntland Focused Vehicle DEAL Share exchange agreement between AOC and Denovo (Horn Petroleum Corporation) AOC transfer of its 60% interest in both Dharoor and Nugaal FINANCING AOC put in 10 MM cash and additional 31 MM raised…
  27. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 27
    Dharoor Block, Puntland DARIN1 Darin1 well drilled in 1958 on the flank of the rift; found oil across several zones. AOC, with new seismic data, has mapped several large prospect including: SHABEEL NORTH Shabeel: Most Likely…
  28. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 28
    28 Permo-Triassic Rift Exploration Blocks 7/8 in Ethiopia Multi-TCF gas reserves have been discovered in Triassic sandstones Light oil has been tested in fractured Jurassic carbonates El Kuran field discovered by…
  29. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 29
    29 El Kuran Appraisal, Ogaden Block 8 W E Structure Map Top Jurassic El Kuran-1 El Kuran-2 W E El Kuran-1 5 km AOC Operates with 55% WI Light Light oil recovered from Jurassic limestones in El Kuran1 oil…
  30. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 30
    30 Community Development CD projects must have: p j CD projects include: Religious neutrality School rehabilitation Sustainability Bursary Fund Local content Farm tools Potential for capacity building Birkahs (water…
  31. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 31
    31 National Initiatives in Association with Lundin Foundation FOOD SECURITY y p p g Fiveyear partnership with FARM AFRICA on longterm livestock and agriculture; access to improved inputs, microirrigation, VSL, livestock and…
  32. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 32
    32 World Class Potential in Multiple Petroleum Systems Africa Oil Corp Summary of Unrisked and Undiscovered Oil Prospective Resources1 Current Working Interests Current Working Interests Geographic PSC/PSA Operator Gross Best…
  33. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 33
    33 Size of the Prize Prospective Resources Indicative Risked Potential Potential Net Best Estimate Risk Factor Prospective Resources Value (MMbbl) (MMbbl) (MM) 20% 1,065 4,506 5,326 10% 533 2,253 1% 53 225 Recently…
  34. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 34
    34 A History of Value Creation Company 2002 Present Notes Tanganyika 0.55/share 31.50/share Sold to Sinopec 2008 13.5 million MC 1.9 billion MC Valkyries 0.45/share 16.00/share Sold to Lundin Petroleum 4 illi MC 4 million MC…
  35. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 35
    35 Summary AOC has assembled a robust highly prospective East African portfolio that spans 4 different proven petroleum provinces with multi-billion barrel potential AOC has experienced management and staff with offices in…
  36. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 36
    36 AOI has a Strong Management Team Keith Hill, President and CEO M Hill h Mr. Hill has over 25 years experience in the oil industry including international new venture management and senior exploration positions at Occidental…
  37. UBS OIL AND GAS CONFERENCE – Africa Oil Corp. – slide 37
    37 Cautionary Statements This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties,…

From the store

Browse maps, data & reports in the Shale Experts store