A Lundin Group Company May 27, 2015 Africa Energy: New People, New Direction
Horn Rebranded to Africa Energy Corp. Horn Petroleum Corp. has rebranded itself to Africa Energy Corp. Africa Energy has opened a new office in Cape Town, South Africa; CEO to relocate 2Q-2015 Africa Energy has hired Jan Maier, VP…
Growth Strategy for Africa Energy How Direct Government Negotiations Company acquisitions How Quality exploration assets Small-moderate producing assets Farm-ins Limited, quality bid rounds Assure best practices in:…
Oil Price Crash = Opportunities Many junior oil companies Dramatic drop in oil prices since June, cannot secure necessary 2014 creates significant opportunities financing and risk default Number of acquisition targets increase…
East African Tertiary Rift Play Kenya Africa Oil, as early mover, now dominates acreage position over northern Tertiary Rift System At least 600 MMBO1 of gross discovered resources to date in the South Lokichar Basin w/…
East African Tertiary Rift Play Western Branch Ugandans Lake Albert Tertiary Rift now has estimated recoverable resources of 1.7 billion barrels oil 1 From Tullow Oil 1Tullow estimates of recoverable resources in Lake…
East African Tertiary Rift Play Remainder of Western Branch Early stage Burundi exploration activity Tanganyika on Lakes Tanganyika, Tanzania Rukwa, and Nyasa DRC Rukwa Multiple opportunities in 7 countries Zambia…
Nugaal & Dharoor Blocks Puntland Somalia Africa Energy (Operator): 60% Red Emperor: 20% Range Resources: 20% Drilled two wells in 2012 in Dharoor Block Entered Second Exploration Period in October, 2012 Due to increasing…
Community Engagement Risk Management and Value Creation Africa Energy is committed to addressing the challenge of sustainability delivering value to our shareholders, while providing economic and social benefits to impacted…
Africa Energy Board of Directors Keith Hill, Chairman of the Board of Directors, Africa Energy Corp. Mr. Hill is currently the President and CEO for Africa Oil Corp. in addition to holding the Chairman role for Africa Energy Corp. Board…
Lundin Group World Wide Operations 12
Lundin Group Today It all started over 40 years ago with Mr. Adolf Lundin as the founder and visionary for the Group with an entrepreneurial and adventurous outlook on business and life. The first companies in the Lundin Group…
Over 3 Billion Invested in Africa To Date Africa Energy 14
The Lundin Foundation Established in 2005, the Lundin Foundation is a philanthropic organization founded originally by the Lundin family. The Foundation is currently supported by a number of publicly traded natural resource…
Summary Horn Petroleum has rebranded itself to Africa Energy and has refocused its efforts to aggressively build a quality portfolio in Africa Africa Energy has added a new key Exploration VP to the staff and opened a new office…
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