Investment Highlights World Class Explora5on Acreage Posi5on Market Sta5s5cs (16.04.15) Large acreage posi3on in West Africa Margin: 5 countries, 10 licences Lis3ng OAX (APCL) NSX (AOQ) 12.5bn+ barrels unrisked prospec3ve oil…
Experienced Management Team Stuart Lake: Chief Execu3ve Ocer and Execu3ve Director 28+ years of experience in Hess Corp., Apache Corp. & Shell Proven oil nder, drilled 300+ wells in 11 countries with 85% geological success Oversaw…
World Class Explora5on Acreage SENEGAL 2 adjacent discoveries in 2014 Resources Prospec3ve 1779mmbbls Prospec5ve Oil Resources: 2 licences: 14,2162 (net) 90% WI 12.5Bnbbls* CTE DIVOIRE THE GAMBIA 1 adjacent…
Net Acreage Posi5on rela5ve to other Listed Operators in West Africa Liberia Sierra Leone Operated oshore acreage in km2 Operated oshore acreage in km2 No.1 No.1 Operators Operators Cte dIvoire Senegal & The Gambia Operated…
Growth Strategy Proven deep-water operator with one discovery Explora3on Diverse oil rich mul3-play porvolio Focused Drilling high impact explora3on wells Pre-trade seismic and well data to aid knowledge pre drill West Africa…
Delivering on Milestones Achieved in 2014 Targeted in 2015 New Management & Governance Private Placement announced 10 February 2015 12.5m raised Revised strategy and plan Upgrade Prospec3ve Resource numbers new CPR to be published…
The Current Market: Time to invest African Petroleum is benezng from a decrease in prices for drill-rigs and seismic work Focus on the longer-term market stability, long term strategy to realise poten3al and value of 12.5bnbbls+…
Economic Summary Excellent scal terms Benet from low cost explora3on and appraisal cost environment in 2015/16 Drilling…
Signicant Poten5al Value Crea5on Value 1.2B - 2.3B Value of 500MMbbl discovery 1.13 - 2.07 per share 2,835% to 5,187% Poten3al Value Increase US43m US0.04 /share NPV10 value based on internal calcula*ons and…
Company Porlolio Senegal The Liberia Gambia 12.5 Bnbbls 5.7 Liberia The Gambia Cte dIvoire Bnbbls 2.4 Sierra Leone Bnbbls Sierra Leone Cte dIvoire Liberia 2011 2014 2015 Resource volumes taken from…
Prospects & Plays Cte dIvoire to Sierra Leone Pure play deep-water explora3on 2014 Explora3on was transforma3onal in Senegal and Cte dIvoire CPR Inventory is diverse and material Our large equity posi3on provides room for…
Third Party Catalyst Ac5vity 2014/2015 COP & SLOP: Kosmos farm-in for APCL Licences 60% equity (2014)* Posi3ve Results APCL Gambia licences re-instated Awai3ng Results (Nov 2014) 2015 Ac3vity New 3D seismic Sangomar -…
Liberia LB-08 and LB-09 Farm-out term sheet signed for LB-08 (Dec 2014)* AWrac3ve early mover scal terms 4 discoveries in the Liberia Sierra Leone basin by others Narina-1 oil discovery in LB-09 by African Petroleum (Feb…
Liberia LB-09: Narina West Appraisal Narina-1 found 31 metres net pay Turonian and Prospect Narina West underlying Albian reservoirs (38-40 API) Water Depth 900-1200m Mean prospec3ve un-risked resources: 184 MMstb* Play Fairway…
Cte dIvoire CI-509 and CI-513 High quality proprietary 3D seismic. New PSDM delivered in March 2014 April 2014 Total oil discovery at Saphir-1XB (Block CI-514) 40m net oil pay 34 API Developed a deeper & expanded inventory post…
Cte dIvoire CI-513 Ayam West Ayame Turonian Upper Fan Depth and Sum Nega3ve Values showing Reservoir Prospect Ayam West Water Depth 2800-2900m Play Fairway Turonian and Cenomanian Mean Prospec5ve Net *800 MMstb (Combined…
Cte dIvoire CI-509 Agnby Prospect Agnby Water Depth 2500 - 2750m Play Fairway Santonian/Turonian and Cenomanian Mean Prospec5ve Net *414 MMstb Unrisked Resources *Resource volumes taken from ERC Equipoise Audit, 2015…
Gambia and Senegal Overview = APCL acreage Senegal ROP Cairn(op.)/CoP/FAR oil discoveries in adjacent block 100m 330 MMbbls P50 Gambia A1 A4 Con3ngent High poten3al fron3er explora3on area Reserves in…
The Gambia A1 & A4 FAN-1 Discovery Gambian Licences re-instated 1 December 2014 with 100% working interest SNE-1 2,500km2 3D seismic acquired over licences Discovery Material discoveries by Cairn Energy in Senegal on…
Albian shelf edge play In Gambia Cairn Investor Presenta3on Nov 14 Cairn Energy - SNE-1 Images (Senegal) and FAR investor presenta3on April 15 Y Y SNE-1 Y Y Alhamdulilah Paprika Sami Nema X SNE-1 discovery: 95m…
Cretaceous Turbidite Play Gambia & Senegal Albian-Cenomanian Play FAN-1 Discovery Cairn Operated Baobab Prospect ROP Senegal Senegal ROP Baobab Prospect Amplitude map released by FAR over Fan-1 discovery Time…
Sierra Leone SL-03 and SL-4A-10 N Lukoil Savannah discovery announced in 2013* Djemba Altair Vega Block SL-03 covered by 3D seismic, SL-4A-10 3D seismic acquired Q3 2014 Prospec3ve at mul3ple levels within…
Sierra Leone SL-03/04a: Vega Lead Lower Campanian Fan System Amplitudes Prospect N Vega Water Depth 3400-3640m Play TGS F3airway 2012 D Campanian TGS 2014 3D Brute Stack SL-03 Mean Prospec5ve Net Under assessment…
Poised to Recommence Drilling Value Growth through Partnering and Drilling Programme Execu5on Ac5ve Programme Oset wells by third par3es to de- Value Drilling Programme Execu5on risk prospects EV = 500 MMBO (risked) Further…
Conclusion: Value Crea5on for the Near and Long Term Assets Capabili5es Diverse porvolio in 5 countries with Highly experienced management team mul3ple drillable prospects Members of African Petroleum 12.5bnbbls+ net unrisked…
Advisers & Contact Details African Petroleum Corpora5on Ltd BROKERS Premier House Mirabaud Securi3es Limited/First Energy (UK) 10 Greycoat Place EAS Advisors LLC (New York) London Pareto Securi3es (Norway) SW1P 1SB Dundee…
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Vision To be the leading Independent Oil Explora3on Company of choice Mission Finding and exploi3ng commercial hydrocarbon deposits, whilst genera3ng sustainable benets for local communi3es and minimising our environmental…
Board Composi5on and Commi[ees Board of Directors Charles MaWhews Independent Non-Execu*ve Chairman Nomina5on Commi[ee Audit Commi[ee Remunera5on Commi[ee Con5nuous Disclosure Commi[ee Members: Members: Members: Members:…
Opera5onal Timeline- History and Outlook Control Over Direc3on & Execu3on of Explora3on Strategy Control Over Direc3on & Execu3on of West African Focus Explora3on Strategy Africa & Beyond FIRST OIL* Seismic Drill…
Country Prole Senegal Cte dIvoire GDP Projected Growth (14): 5.1% GDP Projected Growth (14): 9.8% Popula5on (12): 13.2m Popula5on (12): 20.6m Popula5on Growth Rate: 2.6% Popula5on Growth Rate: 2.2% Language: French Language: French…
Ac5vi5es to Date Country Blocks Net Acreage km2 Ac3vi3es to Date Awarded both blocks November 2011 Rusque Oshore Profond May 2012 acquired 3,600km2 3D seismic data 14,216 Senegal & Senegal Oshore Sud Currently interpre3ng…
Block LB-08 & LB-09 Main Prospec5ve Play Fairways Bee-Eater-1 Apalis-1 Bee-Eater Fairway: Tested by Narina-1 (oil) Narina-1 Sedimentary source Bee-Eater-1 (shows) and * (blue arrows) Iroko-1 Apalis-1…
FAN-1 Analogues in our Acreage FAN-1 Cairn Operated Sangomar Licence Reprocessed 3D delivered Q4 2014 APCL ROP Licence Baobab Prospect Y Y X X X X ROP License Y Y A1 A4 SOSP License SOSP Slope fan…
Gulf of Guinea Well Benchmarking Drilled Interval 45.0 African Petroleum historical performance within the Gulf of Guinea region Spud to End of the Well. Countries: Liberia, Cote dIvoire, Sierra Leone, Senegal, Benin, Togo (up to…
Two Casing String CDI Explora5on Well Less than 50mm USD cost/well Simple design and fast drilling Poten3al rig 3me savings (2-3 days) Reduced casing requirements (both 20 & 13 3/8) Reduced cement requirements Simplied…
Onshore Niger Licences 14% shareholder in Interna3onal Petroleum Savannah FTG Technology used Petroleum Four CNPC by Tullow in Uganda Signature Bonuses White discovered and Africa Oil in 34 Million USD Blocks IOP 800MMbbls P2 Kenya…
Corporate Social Responsibility, examples in ac5on Sightsavers Gbowee Peace University of Liberia Student Founda5on Computer Lab Sponsorship APCL sponsored with Nobel trainees will deliver Worked laureate to design…
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