Ophir Energy plc From Start-Up to Drill-bit Africa Upstream Cape Town, November 2007
2004 - Vision Create a leading independent African energy company. Method Combine experienced management team with supportive shareholders. Competitive Advantage Relationship with Mvelaphanda Holdings one of South Africas…
Gnondo; Manga; Mbeli; Ntsina Daora; Haouza; Mahbes; Mijek Deep Venture US9.7m US39.1m Rights Issue Share Issue Berbera Blocks 3 and 4 Mbeli Heads of Agreement Block 1 Blocks 3 and 4 Berbera Jan-04 Jul-04 Jan-05 Jul-05…
Paying Beneficial SADR3 x4 interest interest Area Operator Country Asset (%) (%) (km) Status Somaliland x1 AGC (Sngal/Guina Bissau Profond 100 83-881 9,838 Awarded Operator Common Zone) (Operator) Congo (Brazzaville) Marine IX 35…
Africa - Net Deepwater Acreage (square kilometres) 0 20,000 40,000 60,000 80,000 100,000 120,000 Royal Dutch Shell plc The upstream landscape Sonatrach in Africa is highly Exxon Mobil C orp competitive. TOTAL SA Petroleo…
One of the key constraints facing the oil and gas industry currently is lack of drilling equipment due to increased demand. This is particularly acute for equipment capable of drilling in deepwater. In 2006, Fearnley Offshore produced a…
Deep Venture Lack of deepwater drilling rigs was identified as a significant threat to delivery of Ophir strategy. Third-generation DPDS Ophir has completed two rig share Currently being operated by Exxon in Equatorial Guinea…
DV WP WP WP Ongoing new ventures and transactions . West Polaris 1 West Polaris 3 4 to 5 wells 3 to 5 wells Eq. Guinea Gabon West Polaris 2 - Deep Venture 3 to 5 wells 4 to 7 wells Jan-08 Jul-08 Jan-09 Jul-09 Jan-10…
4 to 7 well drilling programme for Q1/Q2 2008 using the Deep Venture. Sufficient procurement for up to 9 2 to 3 wells in Q1 08 (Deep Venture) wells. Flexible well design and pool of drilling equipment and consumables. 1 well in…
Extension of the Block R Thrust System 5.5Ma 10.3Ma Agbada Fm 13.8Ma 25.5Ma NTA Akata Fm Equatorial Guinea - Regional Seismic Section
Block: Block R - Equatorial Guinea Prospect: A-B Combined WD: 1,750m DBML: 1,300m Play type: Fault Dependent 4WDC Strat Age: Mid Miocene Seismic Coverage: Block R 3D (2000) Nearest Well: Hipocampo-1 Hanging-wall play…
Frontal Toe-thrust Zone Frontal Deformation Zone Hipocampo-1 Mapped DHIs Top reservoir - Depth Structure Agbada FM Near Top Akata 120C (using 3.5C/100m) Top Akata 1 o 20 C Akata FM Inferred migration pathways…
Block: Block R - Equatorial Guinea Prospect: F Area: 20 to 50km2 WD: 1,720m DBML: 850m Play type: Stratigraphic/Sub Thrust Strat Age: Mid Miocene Seismic Coverage: Block R 3D Repro (2000) Nearest Well: Hipocampo-1 Potential…
Prospect F EM Prospect F Courtesy OHM anomaly NW-SE seismic section through Prospect F NE-SW seismic section through Prospect F with overlay of controlled source electromagnetic data generated by OHM. Prospect F has a…
Oil and gas Mbeli Oil only Ntsina Manga Pte Clairette (1961) 29MMbbl Anguille NE (1969) 29MMbbl Gnondo Anguille Marin (1962) 225MMbbl Torpille Marin (1968) 161MMbbl Girelle Marin (1971) 42MMbbl Baudroie N (1980)…
Block: Ntsina Marin NW SE Prospect: NT2 Area: 16.0km2 (Animba), 8.6km2 (Batanga) NT2 Eocene WD: 670m Play type: 4WDC Strat Age: Eocene + Maastrichtian onlap Seismic Coverage: SE Otiti PosSTM 3D (2002) Nearest Well: Cap Lopez…
Nandou-1 (proposed) N S Block: Manga Marin Prospect: Nandou Channel WD: 750 to 1,465m Play type: Deepwater channel complex Strat Age: Oligocene Seismic Coverage: Nandou 3D PreSTM (2003) Nearest Well: Eland Marine - 9.6km SE…
Nandou (Proposed) Depth map shows structural closure associated with the Nandou Channel. Depth Structure Lower Mandorove 2 km Seismic attributes are used to identify relationship between structure and channel…
Tanzania is emerging as a strong candidate for the first West Polaris drilling campaign in 2008/2009. ANTRIM 90 days of rig time available. Possibility of multiple-well programme. Songo Songo gas field Substantial 2D seismic…
X A B X Mid Mid Miocene Miocene Top Top Approximate location of seismic Oligocene Oligocene line 200 ms 2km Near offset stacks X A B X Mid Mid Miocene Miocene Top Top Oligocene Oligocene 200…
W E A A Near offset stacks- Line OTB1-05-08P-07 Potential fluid contact Far offset stacks- Line OTB1-05-08P-07 A A Channel RMS Amplitude with top channel depth contours overlay Tanzania Block 1 - Lead 1H
Control Maintain control over the pace, direction and costs by building operational capability. Technology Use of leading edge and innovative technology Financing Recognition that public equity markets have limitations in…
Geoscience has been done Assets in place Rigs are secured Operational team Private Equity Drilling is in place Funding commences early 2008 Our vision To Create a Major African Energy Company