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CITI SMALL & MID CAP CONFERENCE – Bowleven Plc

Bowleven Plc · Sep 23, 2011 · 26 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 1
    Citi Small & Mid Cap Conference 23 September 2011
  2. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 2
    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…
  3. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 3
    Vision & Strategy 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…
  4. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 4
    Company Overview Company Assets 7 Blocks (5 in Cameroon and 2 in Gabon). 4 offshore shallow water, 3 onshore. 6 operated, 1 non operated. Overall P50 contingent resource base 213 mmboe* (net). Extensive 3D & 2D seismic…
  5. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 5
    Company Overview Extensive multi-well drilling programme continuing in Cameroon Asset Strategy Exploring the Douala Basin in Cameroon. Including Tertiary and Cretaceous-Turonian plays, offshore shallow water. To move resources to…
  6. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 6
    Cameroon Overview Relatively underexplored - an emerging oil story Rio del Rey Basin Douala Basin MLHP 7. MLHP 5 & 6, OLHP 1 & 2. Shallow offshore area. Onshore and shallow offshore areas. Highly prospective acreage within a…
  7. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 7
    Recent Douala Basin E&P Activity Seismic Bomono 2D Acq. Bowleven acquired 500km 2D in OLHP-2 (Bomono) during 2010/11. Matanda Bowleven 658km 3D acquired in Etinde (Glencore) during 2010. seismic acquired 2010. Drilling Glencore…
  8. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 8
    Regional Geology and Play Fairways Onshore and offshore Cretaceous rocks outcrop D-1r (2007), 25mmscfd, Sapele-1 (2010), multiple mixed Tertiary and at surface within the 1400bcpd from 75ft gross hydrocarbon columns of Cretaceous…
  9. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 9
    Tertiary Omicron Play Calibration of Sapele-1 seismic highlights fairway potential Intentionally Left Blank The Omicron Play recognised across MLHP-5. Successful drilling by Noble on the Belinda target (downdip D-1r equivalent)…
  10. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 10
    Sapele Omicron Concept The Omicron Complex is a single pressure environment (i.e. a tank). Pressure inversion in Deep Omicron implies laterally extensive and connected reservoirs . Reservoir sandstones within are extensive,…
  11. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 11
    Operations Update Block MLHP-5, Etinde Permit, Cameroon Deep Omicron Polygons and Volumetrics Sapele Deep Omicron P01 area P90 P50 Mean P10 P1 570 sqkm STOIIP mmbbl 62 171 337 746 2598 Associated 150 425 840 1826 6438 MLHP-5…
  12. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 12
    Operations Update Block MLHP-5, Etinde Permit, Cameroon Lower Omicron Polygons and Volumetrics Sapele Lower Omicron P01 area 700 sqkm P90 P50 Mean P10 P1 WGIIP bcf 84 435 1219 2849 12376 MLHP-5 CIIP mmbbls* 9 47 132 305…
  13. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 13
    Sapele-1ST / Sapele-2 DST Results Positive test results from Sapele-1ST and Sapele-2. The flow rates on test indicate that conventional wireline logs not fully resolving individual reservoirs. Formation damage in Sapele-2 DST1…
  14. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 14
    Sapele-3 Combined exploration and appraisal well Sapele-3 Overview Drilling commenced 11th August 2011. Estimated target depth c.3,550m (located 15km NW of Sapele-1). Objectives to appraise the sands of D-1R discovery…
  15. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 15
    Cretaceous Play Fairway Sapele-1 (2010), multiple hydrocarbon columns reservoired in the Cretaceous stratigraphy. NKapa-1 Gas-condensate, oil and dry gas. (1958) Regional Cretaceous Discoveries to date Logbaba Field…
  16. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 16
    Cretaceous Play Sapele-1 confirms presence of oil, condensate & gas in the Cretaceous NW SE Sapele-1 The Cretaceous Play (as defined by Sapele-1) Cretaceous Amplitude Map (kick interval). Sapele-1 N Epsilon…
  17. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 17
    MLHP-5 Cretaceous Prospectivity Cretaceous Gas Prospectivity GIIP bcf Mean Epsilon 1819 Complex MLHP-5 Sapele-1 HPHT 1029 Total bcf 2848 MLHP-6 MLHP-5 Epsilon Complex Sapele-1 HPHT SNA-1X Prospect Sapele-3 Sapele-1…
  18. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 18
    MLHP-6 Initial potential on MLHP-6 revealed Onshore and offshore mixed Tertiary and Cretaceous sourced IF-1R (2008), oil discovery. oil seeps. Sapele-1 (2010), multiple IM-1 (Total, 1970). hydrocarbon columns of Isongo…
  19. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 19
    MLHP-6 Prospectivity Continuation of the Isongo Reservoirs MLHP-6 Prospectivity Series of prospects being derived from 2010 acquired 3D data in conjunction with existing datasets. MLHP-7 Isongo reservoir system extends into…
  20. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 20
    MLHP-7 Overview Mean Unrisked Gross Volumes In Place Dry GIIP Wet GIIP* NGL STOIIP (bcf) (bcf) (mmbbl) (mmbbl) Isongo Marine Field* 466 18 Isongo E Field* 80 408 95 7 Isongo D Discovery* 8 1 Isongo C Discovery* Discovery 77 5…
  21. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 21
    MLHP 7 Appraisal Plan Update Resources to Reserves IE Activity Initial Post IE-3 Reservoir Modelling IE-3 IE-3 appraisal drilled mid July 2010 encountered 7 hydrocarbon ID-1 IE-2z IE-1 bearing zones; tested (5 zones) August 2010…
  22. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 22
    Concept: Combined Hub and Spoke Development Fully Integrated Holistic Option to Maximise Synergies Potential to accelerate development/production. Facilitates phased approach. Provides flexibility for future Bomono expansion.…
  23. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 23
    Bomono Bomono 100% Bowleven. Comprising two blocks covering an area of 2,328km. 5 year first term, expiring December 2012. 285km 2D acquired in Q1 2010 dry season. Further 215km 2D Bomono 2010 2D acquired by end January 2011.…
  24. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 24
    Bomono Prospectivity Bomono Prospectivity Series of prospects being derived from 2010 acquired 2D data. Highly rotated fault blocks with multiple stacked objectives (reservoirs proven in offset wells). Active surface seeps…
  25. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 25
    Company Overview Outline Work Programme 2011/2012 Planning for wells to be situated at locations where they can be suspended as producers. Wells and scheduling subject to revision following ongoing activity. Programme pending…
  26. CITI SMALL & MID CAP CONFERENCE – Bowleven Plc – slide 26
    Principal Contact: Kerry Crawford Tel: +44 131 524 5678 oil & gas Kevin Hart Tel: +44 131 524 5678 John Brown Tel: +44 131 524 5678 kerry.crawfordbowleven.com www.bowleven.com Bowleven Plc. 1 North St Andrew Lane,…

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