Exploration in Tanzania and Madagascar Evolution Securities East Africa Conference London 13 January 2011
GOVERNMENTS SHAREHOLDERS SADR, Senegal, Mittal Investments, Guinea Bissau, Mvelaphanda, Nigeria, Och-Ziff, So Tome Principe, Principe Kulczyk Group, Group Equatorial Guinea, Lansdowne, Gabon, Congo (B), York, Tanzania,…
Senegal x3 SADR x4 Rufisque, Sangomar, Daora, Haouza, Mahbes, Mijek Sangomar Deep Op 50% *Op Op 25% 73,000km2 7,500km2 AGC x1 Somaliland x1 AGC Profond Berbera **Op 53% Op 75% 9,800km2 16,000km2 JDZ x1 1 Tanzania x3…
Senegal Somaliland Farm in option with FAR to Acquired 2D seismic be exercised post drilling of offshore and first AGC well aeromagnetic onshore Surface geology study AGC Farm out to Rocksource and FAR Acquired CSEM survey…
Senegal Corporate & New Ventures Somaliland Potential IPO Regional integration of Kora Acquire 2D seismic well results Organic g portfolio p growth g Prospect selection Option election date 3Q Corporate portfolio growth Farm out…
Deepwater Tanzania Tanzania Coastal and Ruvuma Coastal basins are areally significant Basin The deepwater play systems have only recently been tested Shallow Sh ll water t andd onshore play systems Ruvuma both proven…
Karroo continental rifting: Late Carboniferous to Early Jurassic. Gondwanaland break-up: West Somali Spreading Centre 165 to 120Ma, Madagascar drifted south along DFZ until 120Ma. D Development l t off passive i margin i successor…
East Africa: Assets
Tanzania Blocks 1, 3 and 4
2008 4,000km 2D Blocks 1, 3 and 4 3,500km2 3D 27,000km2 2009 Mtwara Port Development and Ophir (Operator) 40% Mid-stream Commercial Structure BG 60% Seychelles 2010 3 Exploration Wells Comoros Barquentine i Collier…
Tertiary Development of drainage systems with uplift of East Africa Deepwater Provenance consists of: Archaean Tanzanian craton; Neo-Proterozoic Mozambique Belt; and Karoo rift sediments Quartz and felsic-rich sands…
W Seismic Data courtesy of WesternGeco E Tanzania: Regional Cross-section
Tanzania: Typical Prospects
A variety of structural and stratigraphic trapping i styles l are recognised i d in i Blocks Bl k 1,1 3 and 4 Prospect 1 Prospect 2 Interpreted HC Contact Some of the prospects are supported by the presence of p p…
Deepsea Stavanger Commenced drilling offshore Tanzania 18 September 2010 2010/2011 DS Campaign Pweza 1: Gas Discovery [22 Oct 2010] Pweza-1: Chewa-1: Gas Discovery [01 Dec 2010] Chaza-1: Underway
A B C D N S C Oligocene B Palaeocene A Cenomanian 10km C Cretaceous D Cretaceous D Deep B Neocomian Complex stratigraphic architecture creating a range of trap geometries with significant upside 2010…
W E W E Cenomanian Cenomanian onlap Neocomian N S Large features on the Seagap Ridge Multiple stacked targets Better test of oil potential Will require further 3D acquisition (2011) Blocks 3 and 4: Seagap Ridge
Significant outboard potential at both Tertiary and Cretaceous levels Focus of 2011 3D acquisition Blocks 3 and 4 Outboard: Representative Section
A B C D U. Miocene U. Miocene L. Miocene L. Miocene Miocene Oligocene Paleocene Campanian Cenomanian Aptian Th ffeatures on this The hi profile fil have h a combined bi d unrisked i k d Pmean…
DEPTH SECTION LOW-RELIEF 4WDC TERTIARY DELTA SLOPE SANDS eg Mnazi Bay TERTIARY CHANNEL-LEVEE COMPLEXES DIAPIR U.CRET. FLANK PLAYS 2km Block 1Inboard: Structure and Play Examples
X Significant outboard potential at both Tertiary and Cretaceous levels Focus of 2011 3D acquisition Block 1 Outboard: Representative Section
W W E E Near offset stack Far offset stack - - - - Block 1 Outboard: Representative Section
Renovated Offices Renovated Warehouse New Electrical Sub Station Dedicated Fuel Line Dedicated Boat Loading Fuel storage Crane Pad Casing Laydown Ophir offices/comms Bulk Plant Dedicated Casing Cleaning Area Fi W Fire…
a b c d Refurbishment of Airport and existing Port facilities, with construction of new Heliport and bulk chemical handling, storage, mud plant and fire control facilities Mtwara Port Shore base
Successful deepwater drilling programme underway Pweza and Chewa discoveries demonstrate presence of multiple play systems Significant upside potential Further 3D data acquisition underway Block 4 Block 3 Chaza--1 Chaza…
A A B B Target Area Anjohibe Prospect Area - 35 sq km Marovoay Bock 2102: Play types
Source Early Jurassic shales are excellent potential oil, gas and d condensate d t source rocks k with ith TOC up tot 18.24% 18 24% Middle Jurassic shales are considered potential source rocks with samples having TOC up to 20% In…
Yemen Djibouti 35 Ethiopia Somaliland Hydrocarbon field Pre-Cambrian Jurassic Rift Somaliland-Yemen Jurassic Rift Systems
Somaliland play types: seismic examples / stratigraphy
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