Diverse African portfolio Predominantly deepwater SADR x 4 5th largest net deepwater acreage holder Operator 16 projects in 8 jurisdictions Experienced management team AGC x 1 Strong relationships Operator Somaliland x 1…
NW Africa: Regional Geology
NW Africa: Geoseismic Cross-sections
30 Discovery history by result Chinguetti discovery 25 Tight/Unknown (2001) kick-started a Misc Shows burst of activity. 20 Number of wells Oil 15 Gas Disappointing results since 2004 have 10 tempered initial 5…
Ophir (Op) 88% Area: 9,838 sq km Entreprise 12% Water depth: 150 to 3,500 m 3D Seismic: 3,961 sq km PSC awarded September 2006 2D Seismic 2,418 km Senegal/Guinea Bissau Common Zone (AGC)
W E Outboard Oil Kitchen Proven Inboard Oil Kitchen Typical AGC Profond East West Section
Abundant evidence of working inboard Dome Flore & Dome Gea accumulations petroleum system. 1 billion bbl STOIIP Outboard play system remains untested. Critical risk on outboard prospectivity remains hydrocarbon charge. Numerous…
Simple dip-closed prospect. Stacked reservoir targets. Indications of channel morphology on 3D seismic. Possible amplitude shut-off with depth. AGC: Prospect A
AGC Simple dip-closed prospect. Indications of AVO response. AGC AGC: Prospect B
Large dip-closed structure Suggestion of depth-related amplitude shut-off AGC: Prospect C
Critical risks are hydrocarbon charge and reservoir distribution. Risk mitigation methods include: Basin charge modelling; CSEM acquisition; Satellite seep study; and Detailed lithology and fluid prediction modelling from…
MOROCCO Ophir (Op) 50% Total Area: 74,327 sq km Premier 50% Assurance Agreements awarded March 2006* *Title remains subject to the approval of a UN Resolution granting the Sahrawi Arab Democratic Republic (SADR) international…
SADR: Regional Geology
A Offshore seismic reveals a number of potential fault and fold related trapping geometries and the presence of large channel-fan complexes of varying ages. B Access to modern seismic data is restricted due to political…
The UN recognises Western Sahara as a Non-Self- Governing Territory. Attempts to organise a referendum on the right to self determination, as mandated by UN Resolutions 658 and 690, have been frustrated. The SADR is a full member…
One of the key constraints facing West Polaris the oil and gas industry currently is lack of drilling equipment due to increased demand. Deepwater rig fleet is at 100% utilisation. Deep Venture Expected to remain at 100% for…
DV WP WA EG & Gabon West Polaris West Aquarius 4 to 7 wells 6 to 10 wells 3 to 5 wells 115 to 155 days 200 (+30) days 100 (+30) days Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10…
SADR x 4 Operator Drill-out requires continued growth of asset base. AGC x 1 Operator Somaliland x 1 Operator Pro-actively manage portfolio. JDZ x 1 Non-Operator Tanzania x 3 Operator Build in existing focus areas.…
Strong asset base Geoscience excellence Committed Rigs Private equity Drilling funding secured Operational team commences Q3 in place 2008 Our vision To Create a Major African Energy Company
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