COTE DIVOIRE BLOCK CI-202 OVERVIEW Proven basin with five discovered, undeveloped oil and gas discoveries Gazelle (1977) Nov 2013: Vitol Farm-In for 65% of Rialto Cote Addax (1977) dIvoire Impala (1978) Multiple high-impact…
ACTIVE FIRST NINE MONTHS OF 2013 Wholesale change of key personnel: Only one of current five man Board (1 exec, 4 NEDs) was a director at the start of September 2012; None of the 2012 executive team remains with the Company (CEO,…
ACTIVE FIRST NINE MONTHS OF 2013 (CONTINUED) New PSC signed with CdI Government in November: Replaces existing agreement, deals with liabilities, retains substantially all assets (cost pool, licence area, inventory) New EEA to be…
KEY MANAGEMENT AND NON-EXEC DIRECTORS Rob Shepherd (CEO) 19 years industry experience Dominion Petroleum, ABN AMRO, Shell Andrew Rose (CFO): Previously CFO of Burren Energy, Gulfsands Petroleum NEDs: Andy Bartlett (Non-Exec…
OUTLINE FORWARD PLAN CdI: Finalise revised Development Plan for Gazelle and obtain EEA; Final Investment Decision on Gazelle followed by execution of project; Pursue additional opportunities: On Block CI-202 - contingent…
OUTLINE PLAN FOR DEVELOPMENT OF GAZELLE Low cost, minimum facilities: 3 production wells planned (plus one contingent) targeting around 40 bcf P90 / 85 bcf P50; Conductor supported offshore facility; Multiphase pipeline to beach…
COTE DIVOIRE GAS MARKET Power Generation Gas Fired Power Generation Cote dIvoire is a net exporter of electricity The current installed capacity of gas fired power plants in country is 900MW, with gas intake of up to 260 mmscf/d…
REGIONAL DEVELOPMENT CONCEPT Mature Gas Market and Onshore Infrastructure Cote dIvoire has a mature power generation network and exports electricity from gas fired power stations Major new energy-intensive mining projects…
FUTURE COTE DIVOIRE EXPLORATION POTENTIAL A new understanding of CI-202 subsurface potential Single seamless dataset of 860km2 covers entire block for the first time First PSTM processed data represents a step change in data…
3D SEISMIC COMPARISON 2010 TRICON MERGED REPROCESSING (POOR) 2012 FAST TRACK PSDM Gazelle Gazelle Bubale Bubale Hippo Hippo Chouette Chouette Condor Arius Arius Condor Top Albian Top Albian Tricon 2012 merged…
VOLUMETRICS GROSS MEAN UNRISKED RESOURCES Prospective Resources 1,387 mmboe* & Contingent Resources 85 mmboe* Mean Prospective Resources, Unrisked Prospects Mean Resources, Unrisked 1387mmboe* Mean Prospective v Contingent…
ACCRA BLOCK OVERVIEW GHANA Starfish-1 well, drilled on budget, Proved Cretaceous Reservoir fairway Key Facts Block: Offshore Accra ACCRA BLOCK Ratified by Parliament: March 2010 Gross Acreage: 2,000 sq km Operator: Ophir…
SUMMARY A TRANSFORMATIONAL YEAR New management and board delivering: Vitol partnership completed PSC successfully re-negotiated Successful placing raised 14m in July Now looking to the future: Active programme with…
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