Earl W. McNiel Senior Vice President and Chief Financial Officer February 19, 2014 San Francisco, CA The Oil & Services Conference 12 www.camacenergy.com I NYSE MKT: CAK
Leading Sub-Saharan Africa Portfolio Operator of 8 assets in 3 countries covering 41,000 km2 (10 million acres) PRODUCTION DEVELOPMENT EXPLORATION GAMBIA Net Asset WI% Partner Operator Km2 KENYA A2 1,294 100% GNPC Net…
A Transformative Year for CAMAC Energy Focused on execution Kenya Seismic Helping to confirm a number of key prospects and leads Development Oyo-7 Well 7,000 bopd initial production expected Q3 2014 Pliocene Success Oyo-7…
Production by Asset Tremendous growth opportunity from current asset base Assets Awarded km2 Production Certifier Interest Partner Operator bopd mmcf/d Offshore 1 Nigeria 120 1992 930 2,000 40 GCA 100% Allied CAMAC 2 Nigeria 121…
Resource Base Extensive inventory of prospects and leads identified Reserves and resources continue to increase as a result of development drilling success in the Oyo Field offshore Nigeria 7 wells drilled to-date 100% success rate…
History Over 25 years in the African energy sector 1986 Cameroon-American Company (CAMAC) founded as an agricultural commodities trading company 1990 CAMAC creates Allied Energy Plc (Allied) to focus on upstream E&P, and partners with…
CAMAC Energys Competitive Advantage Competitively positioned as an Africa-centric exploration company Near-term oil production growth plan High-impact exploration with a risk-reducing farm-down strategy Significant upside…
Recent Transactions World-class institutional support PUBLIC INVESTMENT CORPORATION PRIVATE PLACEMENT ALLIED ENERGY ACQUISITION 100% economic interest in OML Blocks 120/121 270 million including current production 30% equity…
Gambia Shore West Africa 2014 CAMAC Energy
Nigeria: Cornerstone of the African Oil Industry Current production exceeds two million barrels of oil per day Nigeria is the worlds 6th largest oil producer Proved reserves of 68 Bboe Nigeria is the 4th largest oil supplier to the…
Nigeria: Landscape of OML 120 and 121 Very prolific oil producing region ERHA NORTH 200 mmbbls of oil 0.2 Tcf of natural gas SONAM 1 Tcf of natural gas BOSI Oyo Field 400 mmbbls of oil 3.5 Tcf of natural gas EBOLIBO…
OML 120: Prolific Oyo Field Offshore Nigeria Reached first oil in 2009; light and sweet with an API of 33 Oyo East (undrilled) Oyo-4 Gas injection well, 2007 Oyo-5 Oyo-1 2009 Discovery well IP 9,500 bopd Oyo-7 Oyo-3 1995…
Nigeria: OML Blocks 120 and 121 Seismically-defined prospects and leads in prolific hydrocarbon province PROSPECTS OML 120 Name Block Formation MMBoe 75 km/46 mi offshore P 121 Pliocene 126 G 120 Miocene 122 Erha Field (Exxon) Q…
Oyo Field: Development Plan Includes Two Phases Demonstrable and repeated production growth PHASE 1 PHASE 2 First production anticipated 2H 2014 Expected to be completed in 2015 Number of wells: 3 Number of wells: 3 Oyo-7:…
Recent Operational Activities Oyo-7 results Sep. 9 Spud date Oct. 16 Pliocene formation results exceeded internal pre-drill expectations 115 feet of net oil pay 93 feet of net gas pay Nov. 13 Confirmed presence of…
Drilling Rig and FPSO DRILLSHIP ENERGY SEARCHER FPSO ARMADA PERDANA Secured for up to two years commencing March/April 2014 Secured for up to seven years commencing January 2014 Maximum drilling depth 25,000 ft / 7,620 m Processing…
Gambia: Entering the West African Transform Margin 2 offshore assets covering 2,600 km2 (660,000 net acres) NOTE: CAMAC Energy has been awarded a working interest in an offshore shallow water license in Ghana subject to negotiation…
Gambia: Awarded Blocks A2 and A5 Prime deepwater acreage in the West African Transform Margin Jammah-1 1979 30 km/18 mi offshore ASSET DESCRIPTION WORK PROGRAM combined surface area of 2,666 km2 in 501,000m of water depth…
Serengeti East Africa 2014 CAMAC Energy
East Africa Frontier discoveries, proven basins, and world-class operators One of the last underexplored regions in the world with less than 500 wells drilled West Africa 14,600 wells drilled Central and North Africa 19,000 wells…
Kenya: 4 Blocks in the Lamu Basin A regional pillar of assets covering 37,000 km2 (9 million net acres) ASSET DESCRIPTION Awarded in August 2012 CAMAC Energy named operator with 100% working interest Local content with 15% equity…
Drilling Program High impact development drilling to increase cash flow and net asset value Q1 Q2 Q3 Q4 Country Asset Well 2015 2016 2014 2014 2014 2014 Nigeria 120 Oyo-7 100% Complete (1) Nigeria 120 Oyo-8 100% Drill and…
Value Creation Summary NEAR-TERM CATALYSTS FOR VALUE CREATION Production growth Reserve growth High-impact exploration New asset additions LONG-TERM STRATEGIC VALUE CREATION Africa expansion Opportunistic acquisitions…
INVESTOR RELATIONS CONTACT ------------------- Chris Heath Director +1 713-797-2945 chris.heathcamacenergy.com NOTE: CAMAC Energy has been awarded a working interest in an offshore shallow water license in Ghana subject to…
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