Preliminary Interim Results Results Presentation Presentation Shareholders Regional Meeting For the year ended 30 June 2013 23 ForSeptember six months2014ended 31 December 2014
Disclaimer Important Notice Nothing in this presentation or in any accompanying management discussion of this presentation (the Presentation) constitutes, nor is it intended to constitute: (i) an invitation or inducement to engage in…
Company Overview Vision It is our vision to build an African focused exploration and production company which in time becomes renowned for its ability to consistently create and realise material shareholder value through…
Highlights & Outlook Highlights Completed farm-out of Etinde with global E&P company and recognised local operator. Consideration from farm-out significantly strengthens balance sheet and provides carry for two appraisal wells…
Asset Overview - Balanced Portfolio Early Stage Exploration Development Blocks 25, 28 & 29 Block 11B Bomono Etinde Zambia Kenya Cameroon Cameroon . 3 blocks covering Three blocks3 covering Block 11B onshore Kenya Onshore…
Etinde, offshore Cameroon
Etinde: Convert Resources to Reserves Etinde Exploitation Etinde Expanded joint venture well placed to progress Resources to Bowleven 20% inte Permit Reserves. Farm-out to New Age and LUKOIL combines: Local knowledge and…
Etinde: Additional Resource through Appraisal Drilling Intra Isongo Potential IM-5 IM-5 well opened the Intra-Isongo play. Seismic response correlates with thick, reservoir quality Upper Isongo sands, identifying significant…
Bomono, onshore Cameroon
Bomono Operational Update Rig assembled at Zingana location. Supporting AODL, drilling contractor, to resolve mechanical issues. Site preparation at 2nd well site, Moambe, nearing completion. Two well drilling programme due…
Bomono: Exploration Targets Oil Potential SW Zingana-1 Moambe-1* NE Focused on the deeper D&E sands. Bo-03 (yellow) Zingana and Moambe targeting medium risk 50-100mbbl gas in B & C sds STOIIP pools (P50-Mean range) in each…
Early Exploration
Kenya block 11B Overview Significant acreage 14,200km2 in highly prospective East South Sudan African Rift system. Ethiopia Intersection of Tertiary and Cretaceous rift systems. Existing data suggests basins similar form to…
Zambia Overview Luangwa Valley Karoo basin total area 42,000 km. Five blocks applied for: Three blocks awarded (25, 28 and 29) 16,250km and applications for two blocks pending (26 and 27). Previous exploration 1980s (Placid)…
Financial Overview
Interim Results Summary six months to 31 December 2014 Loss of 81.0 million (includes 76.0 million impairment) in period (H1 2013: 6.6 million). Administrative expenses 5.7 million (H1 2013: 5.5 million). Groups net P50…
Funding Overview Current Portfolio Fully Funded Strong balance sheet. Consideration from LUKOIL/NewAge farm-out: Use of Transaction Proceeds Disciplined Capital Approach Use of Transaction Proceeds 165 million cash received. 165m…
Conclusion
Conclusion Strong balance sheet following completion of Etinde farm-out. Balanced portfolio with near term focus on existing asset base. Fully funded for planned activity: Exploration drilling campaign on Bomono. The next…
oil & gas Appendix
Information on LUKOIL/NewAge LUKOIL The largest privately owned oil and gas company in the world by proved reserves. Accounts for in excess of 2% of global output of crude oil. Listed on both the Russian and London stock…
Risks & challenges of O&G sector and operating in Africa Regulatory Framework Exploration & Appraisal Activities Government approval process takes time and requires E&A activities are capital intensive and inherently uncertain in…
Principal Contact: Kerry Crawford Tel: +44 131 524 5678 Kevin Hart Tel: +44 131 524 5678 infobowleven.com www.bowleven.com Bowleven Plc. The Cube 45 Leith Street Edinburgh EH1 3AT United Kingdom
Loading...
