Bank of America Merrill Lynch E&P and Oil Services Conference 30 November 2011
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…
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…
Company Overview Company Assets 6 Blocks (5 in Cameroon and 1 in Gabon). 4 offshore shallow water, 2 onshore; all operated. Overall P50 contingent resource base 226 mmboe* (net). Extensive 3D & 2D seismic database; expanded…
Company Overview Extensive multi-well drilling programme planned in Cameroon Asset Strategy Exploring the Douala Basin in Cameroon: Including Tertiary and Cretaceous-Turonian plays, (offshore shallow water, Etinde and onshore…
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…
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…
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…
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…
Sapele-3 Update 30 November 2011 BoA MERRILL LYNCH E&P AND OIL SERVICES CONFERENCE 11
Sapele-3 to Sapele-1 Omicron and Epsilon fairway Sapele-3 Sapele-1 16 km Lower Omicron Deep Omicron 11m net pay Epsilon Complex 2m net pay 4m net pay 6m net pay TD TD 30 November 2011 BoA MERRILL LYNCH E&P AND…
Sapele Channel systems within Epsilon Total system length 30+km, individual channels 500 to 1000m wide, possible fan area 20+km2 30 November 2011 BoA MERRILL LYNCH E&P AND OIL SERVICES CONFERENCE 13
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* 77 5 Isongo F…
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…
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 Bomon Bomono no…
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…
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…
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.…
Company Overview Extensive multi-well drilling programme planned in Cameroon Asset Strategy Exploring the Douala Basin in Cameroon: Including Tertiary and Cretaceous-Turonian plays, (offshore shallow water, Etinde and onshore…
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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