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DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc

Bowleven Plc · Dec 14, 2011 · 21 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. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 1
    Annual General Meeting g 14 December 2011
  2. DECEMBER 2011 ANNUAL GENERAL MEETING – 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. DECEMBER 2011 ANNUAL GENERAL MEETING – 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. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 4
    Company Overview Company Assets 6 Blocks (5 in Cameroon and 1 in Gabon). 4 offshore shallow water water, 2 onshore; all operated. operated Overall P50 contingent resource base 226 mmboe* (net). Extensive 3D & 2D seismic…
  5. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 5
    Company Overview Extensive multi-well drilling programme planned in Cameroon Asset Strategy Converting resources to reserves on Etinde Permit*: IE, IF and IM discoveries on Block MLHP-7. Sapele p Lower Omicron (g (gas…
  6. DECEMBER 2011 ANNUAL GENERAL MEETING – 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. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 7
    Etinde Existing Discoveries Overview of Gross Unrisked Mean Volumes In place IM IC Manyikebi IE IF Isongo C Discovery 77bcf GIIP plus Liquids Region of continuous Isongo Marine Discovery 466bcf GIIP plus Liquids…
  8. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 8
    Omicron and Epsilon Intervals Sapele-3 Sapele-1/ST Sapele-2 Sapele-1/ST SNA-1X NE NW SE SW Lower Omicron Interval Gas-Condensate Lower Omicron Interval Deep Omicron Interval Gas-Condensate Oil Deep Omicron Interval…
  9. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 9
    Sapele-3: Extending the Fairway 14 December 2011 AGM PRESENTATION 9
  10. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 10
    Alpha-Epsilon System Alpha-Epsilon System Penetrated by Sapele-1 and Sapele-3 wells. W Wells ll confirmed fi d presence of Gas, Gas- Condensate & Oil. Organic geochemistry confirms presence of mature t source rockk…
  11. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 11
    Etinde Resources to Reserves IM Activity Appraisal well planning in progress; anticipated spud end Q2 Initial Post IE-3 Reservoir Modelling IE-3 2012. ID-1 IE-2z IE-1 Well to target Upper and Middle Isongo gas-condensate…
  12. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 12
    Concept: Combined Hub and Spoke Development Fully Integrated Holistic Option to Maximise Synergies Potential to accelerate development/production. Facilitates phased approach. Provides flexibilityy for future Bomono expansion.…
  13. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 13
    Concept: Phased Development 14 December 2011 AGM PRESENTATION 13
  14. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 14
    oil & gas Continuing Exploration
  15. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 15
    Bomono Bomono 100% Bowleven. Comprising two blocks covering an area of 2,328km. 5 year fi firstt term, t expiring ii D December b 2012 2012. 285km 2D acquired in Q1 2010 dry season. Further 215km 2D Bomono 2010 2D acquired by…
  16. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 16
    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…
  17. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 17
    Cretaceous Play Fairway Sapele-1 (2010), multiple hydrocarbon columns reservoired in the Cretaceous stratigraphy. NKapa-1 Gas-condensate, oil and dry gas. (1958) R i Regional l Cretaceous C t Discoveries Di i tot d date t…
  18. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 18
    Company Overview Extensive multi-well drilling programme planned in Cameroon Asset Strategy Converting resources to reserves on Etinde Permit*: IE, IF and IM discoveries on Block MLHP-7. Sapele p Lower Omicron (g (gas…
  19. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 19
    Contact: Kerry Crawford Tel: +44 131 5245678 oil & gas John Brown Tel: +44 131 524 5678 Kevin Hart Tel: +44 131 524 5678 kerry.crawfordbowleven.com john.brownbowleven.com www.bowleven.com Bowleven Plc. 1 North St…
  20. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 20
    oil & gas Appendix
  21. DECEMBER 2011 ANNUAL GENERAL MEETING – Bowleven Plc – slide 21
    MLHP-7 Overview Mean Unrisked i k d Gross Volumes In Place l l 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…

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