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LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum

African Petroleum · Mar 2, 2014 · 31 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. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 1
    Company Presentation: Ladenburg Thalmann Africa Upstream Conference, New York March 2014
  2. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 2
    The Investment Case for African Petroleum (APCL) Why APCL Whats Changed Why Today High Impact Exploration (5.2bn barrels New Governance new Chairman, CEO, Attractive valuation in the market unrisked*) Finance Director Diverse portfolio…
  3. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 3
    Whats New in 2014 Board Re-organised, Majority Independent, New Corporate Governance Structure being implemented New Board Members and Senior Management in 2013 / 14 Charles Matthews, OBE: Chairman Over 10 years experience in chairman…
  4. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 4
    Global and Blue Chip Shareholder Base Australia Europe Knighthead Capital Colonial First State Bank Julius Baer Lighthouse Partners Banque de Luxembourg Marquest Asset Mgt UK Banque Heritage RBC Asset Mgt Amiya Capital BSI Credit…
  5. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 5
    African Petroleum Assets & Portfolio West African Transform Margin APCLs Operations 2014 Totals Countries 4 Licenses 8 Net Acreage 28,295km2 Sierra Working interest 81-100% Leone 434 Estimated Net 5.2 Bnbbls* Unrisked…
  6. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 6
    Activities & Licence Terms of Assets Block(s) Contract Type Working Interest Activities to Date Cte CI-509 Production 90% APCL was awarded block CI-509 in March 2012 & CI-513 in December 2011 covering dIvoire and CI-513 Sharing Contract…
  7. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 7
    APCLs Portfolio Growth of Net Unrisked MMstb Cte dIvoire Future Material growth in number of licences and prospects since 2011 Senegal and Sierra Leone 2011 2014 Resources to be added post 3D Seismic Sierra Liberia Leone…
  8. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 8
    APCLs Net Acreage Position relative to other Major Operators in West Africa Sierra Leone Senegal Average in km2 Average in km2 Operators Operators Liberia Cte dIvoire Average in km2 Average in km2 Operators Operators * Data…
  9. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 9
    APCLs First Mover Advantage; West Africa Acreage Through Time Oranto/Atlas Petroleum Kosmos licences West Cape Tullow / Anadarko enter Chevron, Total & ENI enter targeted shallow water Three Points, Ghana West Cape Three Points & region…
  10. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 10
    High Success Rate and Upcoming Activity throughout APCLs Focus Area Activity between 2010-16 2010 - 2013 28 Discoveries 2014 - 2016 Wells 63 Planned Wells 12 drilled 73% Exploration Success Wells 9 drilled 67% Exploration…
  11. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 11
    Strategic Focus The Way Forward Current 12 months Future 36 months Long Term 5 years Objective: Consolidate Position: Maximise Objective: Develop Our High-Potential Assets Objective: Commercialise & Expand Efficiency of External…
  12. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 12
    2014 Seismic Activity and Key Catalyst Wells Sangomar COP/Cairn/FAR LB-11,12,14 Chevron/ENI/Oranto LB-10 Anadarko/Mitsubishi/Repsol 514, 515, 516 Total/Anadarko/CNR LB-13 Exxon/COPL PGS MC3D 506, 507 13
  13. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 13
    Liberia LB-08 and LB-09 Attractive early mover fiscal terms 5 discoveries in the Liberia Sierra Leone basin Narina-1 oil discovery in LB-09, multiple proven source rocks and target reservoir intervals, 32 metres net pay…
  14. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 14
    Liberia Block 9 - Night Heron Prospect Prospect Night Heron Block LB-09 Multi target well Night Heron n Bee-Eater-1 13km Licence Area 2,636km2 SW NE Water Depth 1000-2300m Play Fairway Turonian Campanian Turonian SF Mean Prospective…
  15. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 15
    Liberia Block 9 Narina West Narina-1 21 metres net pay Turonian (37 API) Prospect Narina West Updated CPR Narina West 184 mmstb (Mean unrisked prospective resource) Block LB09 Lateral limit - Stratigraphic pinchout Licence Area…
  16. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 16
    Sierra Leone SL-03 and SL-4A-10 Block SL-03 covered by 3D, SL-04A-10 2D coverage and partial 3D New infill 2D available Q2 2014, potential new seismic acquisition over SL-04A-10 Prospective at multiple levels within the…
  17. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 17
    Cte dIvoire CI-509 and CI-513 High quality 3D seismic has been acquired on a proprietary basis over Cte dIvoire blocks The final processing product, the PSDM will be delivered in March 2014 Commercial size primary prospects…
  18. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 18
    Senegal ROP and SOSP High potential frontier exploration area Industry drilling activity on trend in 2014 (Mauritania, Senegal, AGC) Multiple plays -Cretaceous deep-water fan systems and platform margin carbonates Extensive 3D…
  19. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 19
    Applying Industry Leading Technology Seismic Acquisition and Processing High quality 3D seismic data acquisition from leading contractors (high resolution 3D planned) PSDM volumes executed for Liberia and Cte dIvoire and planned for…
  20. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 20
    Poised to Recommence Drilling Initial Refinancing Value Growth through Partnering and Drilling Program Execution Private Placement Value Initial Partnering Drilling Drilling Program Execution Public Listing on new exchange Refinancing…
  21. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 21
    Operational Timeline: History and Outlook Control Over Direction & Execution of Exploration Strategy Control Over Direction & Execution of Exploration Strategy West African Focus Africa & Beyond FIRST OIL* Seismic Drill…
  22. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 22
    Corporate Social Responsibility, examples in action Sightsavers Gbowee Peace Foundation University of Liberia Student Sponsorship Computer Lab APCL sponsored trainees Worked with Nobel G&G scholarship, will deliver preventative…
  23. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 23
    Why Today Primed for Growth: A Uniquely Attractive Investment Proposition Operational New Wave of Volume Potential Value Environment Exploration 5.2 billion barrels net Low-cost deep-water We are seeking partners 16 exploration and…
  24. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 24
    Advisers & Contact Details African Petroleum Corporation Ltd BROKERS Stratton House Dundee Securities Corporation 5 Stratton Street EAS Advisors LLC London, W1J 8LA Mirabaud Securities Limited T: +44 (0) 203 435 7700 SOLICITORS F: +44…
  25. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 25
    Appendix: Board of Directors Charles Matthews,OBE Mark Ashurst Gibril Bangura Chairman Executive Director Non-Executive Director BSc in Geography and Oceanography, MBA, Strategic BA (Hons) Law, Barrister, Chartered Accountant Arts and…
  26. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 26
    Appendix: Corporate Structure African Petroleum Corporation Limited (Australia) 100% African Petroleum Liberia Limited (Cayman Islands) 90% European African Petroleum African Petroleum African Petroleum African…
  27. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 27
    Appendix: Achievements to Date Two Blocks Appointment of new awarded offshore Block awarded Chairman (Charles Senegal (Rufisque offshore Cte Matthews) AUD222 million Offshore Profond dIvoire (CI-509) raised in Placing and Senegal…
  28. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 28
    Appendix : Country Profile Net Acreage GDP Projected Country km2 Existing Operators Growth (14) Notes Cte dIvoire 2,284 Total, Tullow, 9.8% 2011-14, progress in institutional, social LUKOIL, and political, security and human rights…
  29. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 29
    Appendix: Sierra Leone SL-03 Altair Prospect Altair Altair has excellent trap geometry, fed by up-dip canyon Amplitude supported - evidence for good reservoir and possible hydrocarbons Working petroleum system proven by offset…
  30. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 30
    Appendix: Sierra Leone SL 04/03 Altair Prospect and Vega Lead Prospect Altair & Vega Block SL-03 & SL-4A-10 License Area 5,855 km2 Water Depth 3500-3800m Altair Play Fairway Campanian/Turonian Vega IL4768 DEPTH Vega lead J SW…
  31. LADENBURG THALMANN AFRICA UPSTREAM CONFERENCE – African Petroleum – slide 31
    Appendix: Cte dIvoire CI-513 Ayam Prospect Prospect Ayam/Ayam West Block CI-513 License Area 1,302km2 Water Depth 900-3150m Play Fairway Turonian Mean Prospective Unrisked MMBO 922*mmbbls Ayam & Ayam West A A Turonian RMS…

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