Preliminary Investor Results Presentation Shareholders Presentation Regional Meeting For the year ended 30 June 2013 23 MaySeptember 2015 2014
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…
Company Overview Recent 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…
Asset Overview - Balanced Portfolio Development Early Stage Exploration Etinde Bomono Block 11B Blocks 25, 28 & 29 Cameroon Cameroon Kenya Zambia . 3 blocks covering Exploitation Authorisation Onshore extension of Block 11B…
Etinde: Convert Resources to Reserves Etinde Exploitation Expanded joint venture well placed to progress Resources to Reserves. Farm-out to New Age and LUKOIL combines: Local knowledge and experience. Major E&P company.…
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 Operational Update Rig assembled at Zingana location. Site preparation at 2nd well site, Moambe, nearing completion. Two well drilling programme commenced. Identification of Gas Sales Opportunities Ideally located…
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 50-100mmbbl gas in B & C sds STOIIP pools (P50-Mean range) in each…
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)…
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 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…
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
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