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February 2015 Investor Presentation – Africa Oil Corp.

Africa Oil Corp. · Feb 20, 2015 · 25 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. February 2015 Investor Presentation – Africa Oil Corp. – slide 1
    AFRICA OIL CORPORATE PRESENTATION February 2015 A Lundin Group Company AOI TSX and Nasdaq Stockholm
  2. February 2015 Investor Presentation – Africa Oil Corp. – slide 2
    2014 A Difficult Year for Africa Oil Poor Overall Oil Markets Low oil prices, US shale dogma and poor exploration performance has driven investors to sell oil stocks to levels well below hard value of assets Kenya Government…
  3. February 2015 Investor Presentation – Africa Oil Corp. – slide 3
    Company Remains Strong with Major Growth Potential Lokichar Basin Resources Continue to Grow Gross Contingent Resources increased by 60 % in 2014 to 600 MMBO barrels of oil with upside potential of 1.3 billion barrels of oil in…
  4. February 2015 Investor Presentation – Africa Oil Corp. – slide 4
    2014 Lokichar Basin Exploration/Appraisal Program -Southern Basin trend (Ngamia / Amosing) Lokichar Sub-basin Time Structure Map contains large resources and will anchor Top Lokhone Shale 3D Extension basin development Etom North…
  5. February 2015 Investor Presentation – Africa Oil Corp. – slide 5
    Focus on Appraisal: Drilling with New 3D Seismic New 3D Seismic Line through Ngamia-1 : Predrill 2D Seismic Interpretation through Ngamia-1 Discovery Pronounced anticlinal form at depth Ngamia-1 Better imaging of crestal faulting…
  6. February 2015 Investor Presentation – Africa Oil Corp. – slide 6
    Twiga 2 and Sidetrack Projected into 3D SW Twiga-2 Twiga-2-Sidetrack NE Auwerwer Mid Auwerwer Rift Facies 6
  7. February 2015 Investor Presentation – Africa Oil Corp. – slide 7
    2014 Highlights: Twiga-2 and 2A Sidetrack (13 to 115m net pay) Projected to vertical TVD Twiga-2 Twiga-2 penetrated tight rift facies Sidetrack showed how quickly good facies can develop (highest rate tests to date)…
  8. February 2015 Investor Presentation – Africa Oil Corp. – slide 8
    Ekales Deep Prospect (Update slide) W E Ekales-1 Ekales Deep Auwerwer CORE Mid Auwerwer Rift Facies Lokhone Shale 8
  9. February 2015 Investor Presentation – Africa Oil Corp. – slide 9
    Ngamia Field structure based on new 3D Seismic 3D provides better understanding of fault compartments Large Amosing North prospect identified Poor data More wells required to understand resource Area Ngamia-6 A1…
  10. February 2015 Investor Presentation – Africa Oil Corp. – slide 10
    Appraisal Focus: Ngamia, Amosing & North Amosing Prospect Ngamia Ngamia and Amosing appraisal Field wells extend field limits Wells confirm high net pays and 4 1 stratigraphic continuity in multiple pools Amosing Field…
  11. February 2015 Investor Presentation – Africa Oil Corp. – slide 11
    Other Prospective Resources in the S. Lokichar Basin: Storm deposits within rich lacustrine source rocks Twiga South wells tested oil at high rates from these sandstones within source rocks These apparent turbidite or storm…
  12. February 2015 Investor Presentation – Africa Oil Corp. – slide 12
    South Lokichar Basin Exploration & Appraisal Plans Exploration wells Firm Aggressive Exploration & Appraisal Plans Appraisal wells Drilling Candidates Simultaneous with Development Planning Development planning focussed on Auwerwer…
  13. February 2015 Investor Presentation – Africa Oil Corp. – slide 13
    South Lokichar Basin - World Class Discovered Resource Base (Based on CPR reports dated Aug 2012, Sept 2013 & Sept 2014) Gross Contingent Resources1,2 Net Finding (Excluding Prospective Resources Upside) Cost to Date: 2C 1.93 /bo…
  14. February 2015 Investor Presentation – Africa Oil Corp. – slide 14
    South Lokichar Basin Development Focussed on Western Basin Bounding Fault Auwerwer Discoveries Appraisal plans aimed at resource Gross Contingent Resources1,2 (Excluding Prospective Resources Upside) progression from 3C to 2C to 1C…
  15. February 2015 Investor Presentation – Africa Oil Corp. – slide 15
    Extended Well Tests EWTs at Amosing & Ngamia will test reservoir EWT results in conjunction connectivity at the proposed development well spacing in multiple reservoir horizons with core programs, will Hydraulically-controlled…
  16. February 2015 Investor Presentation – Africa Oil Corp. – slide 16
    Special Core Analysis Over 1100m of whole core from South Lokichar wells Extensive program of routine and special core analysis ongoing which will provide results from from 1Q onwards Majority of core acquired using synthetic oil…
  17. February 2015 Investor Presentation – Africa Oil Corp. – slide 17
    East Africa regional oil export pipeline status Northern Route 1335 km Kenya & Uganda Governments agree Southern Route 1215 km regional crude oil pipeline from Uganda Lokichar-Southern Route Tie-in - 269km Total Southern Route 1484km…
  18. February 2015 Investor Presentation – Africa Oil Corp. – slide 18
    New Basin Exploration, Next 12-18 months Currently planned wells North Turkana- Engomo drilling North Turkana- North Samaki Abaya-Chamo North Lokichar-Tausi North Turkana South Kerio- well North Lokichar 12A Kerio Valley-…
  19. February 2015 Investor Presentation – Africa Oil Corp. – slide 19
    Comparison of Basins based on Full Tensor Gravity (FTG) Surveys South Turkana Lake Basin North Lokichar Basin & North Kerio North Kerio Basins are North Basin Lokichar Basin similar in size to South Block 10BA Lokichar Epir-1…
  20. February 2015 Investor Presentation – Africa Oil Corp. – slide 20
    Block 10BA- North Turkana Basin Engomo & North Samaki Prospects Engomo-1 Engomo N. Lake Shaba Turkana Kifaru North Samaki-1 N. Samaki Large prospects, different play types, drillable from land Two separate…
  21. February 2015 Investor Presentation – Africa Oil Corp. – slide 21
    Block 13T- North Lokichar Basin Tausi Prospect Tausi-1 Based on newly acquired 2013 -2014 seismic Time 2 km Structure Marker-1 25km Tausi-1 20km Immediately north of the South Lokichar producing trend Younger fill…
  22. February 2015 Investor Presentation – Africa Oil Corp. – slide 22
    Block 12A- Kerio Cheptuket (formerly Lekep) Prospect Miocene Poi Shales in Outcrop: 8 of 16 samples show good to very good source quality with TOCs 3% Type I lacustrine oil prone source rocks Early oil-generation window with…
  23. February 2015 Investor Presentation – Africa Oil Corp. – slide 23
    Rift Basin Area Block On trend, extremely large, completely unexplored Extension of Tertiary Rift Trend Rift Basin Area Frontier area, no existing seismic data or wells 42,519 sq km Completed 37,000 sq km FTG survey Fieldwork…
  24. February 2015 Investor Presentation – Africa Oil Corp. – slide 24
    What you will see in 2015 (Timing of well results) 4Q 2014 1Q 2015 2Q 2015 3Q 2015 4Q 2015 Firm Contingent Basin Openers Epir Engomo Cheptuket (N.Kerio) (N.Turkana) (Kerio Valley) Lokichar Drill Out Ekales Amosing Deep…
  25. February 2015 Investor Presentation – Africa Oil Corp. – slide 25
    Summary Recent share price performance not indicative of company valuation but driven more by external market conditions South Lokichar project still remains one of the top new oil developments in the world with sound fundamentals…

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