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…
Opening Remarks 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 y to consistently y create and realise material shareholder value through…
Company Overview Two operating areas: Cameroon and Gabon 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 g resource base 163…
Company Overview Two operating areas: Cameroon and Gabon Asset Strategy for 2010/2011 To move resources to reserves on Etinde Permit (appraisal activity on IE and IF); targeting transfer of 100mmboe (gross). High g impact…
Asset Overview Cameroon Etinde & Bomono 7
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…
MLHP7 IE field update Implications for commercial sanction Initial view of overall in place P50 numbers broadly similar to previous (higher liquids to gas ratio). Moved more resource into P90 category category. Potential…
Concept: Combined Phased IE & IF FPSO Synergised Development IE Minimum Facilities Platform FPSO Spread Moored Dynamic Flexible Production Riser and Umbilical Limbe Flexible Multiphase Riser Base Production Flowlines…
Cameroon Exploration Recent Douala Basin E&P Activity Seismic Bomono 2D Acq. Bowleven acquired 285Km 2D in OLHP-2 (Bomono) during 2010 2010. Preparation for further 150Km underway. Matanda (Glencore) Glencore acquired 2D in…
Regional Geology and Play Types Douala Basin: An emerging hydrocarbon province D-1r (2007), 25mmscfd, Sapele-1 well (2010) Onshore and offshore Cretaceous rocks outcrop 1400bcpd from 75ft gross Miocene rich G-C and mixed Tertiary…
MLHP-5 Exploration Well Sapele-1 High potential exploration well targeting stacked objectives Sapele-1 NW SE Upper Omicron Lower Omicron Tertiaryy Deep Omicron Cross-Cut Event Epsilon Complex Cretaceous 500m…
MLHP-5 Exploration Well Sapele-1 Miocene fairway delivers exciting discoveries Cretaceous awaits Overview Lower Omicron Two potentially significant hydrocarbon discoveries in Miocene reservoirs based on the results of drilling…
MLHP-5 Exploration Well Sapele-1 Miocene fairway delivers exciting discoveries Cretaceous awaits Deep Omicron Drilling rilling Update 25 5 November 2010 010 Additional 6 to 8 metres net hydrocarbon pay identified beneath Deep…
Bomono Overview Bomono 100% Bowleven. Comprising two blocks covering an area of 2 2,328 328 km km. 5 year first term, expiring December 2012. Existing 2D 285 km 2D acquired in Q1 2010 dry season. Commitments Line…
Asset Overview Gabon - Epaemeno 18
Epaemeno Overview Epaemeno Dentale Basin 50% Bowleven, 50% farm-out completed April 2007. Dentale Prospects Second exploration term expiry February 2012 following an 18 month extension. Optional third exploration term of three…
Financial Overview 20
Funding Overview Forecast 80 million of cash and no debt on completion of Sapele-1 exploration well (excluding testing). Proceeds anticipated from EOV disposal (35m). 110 million raised in equity Placing end November 2010.…
Outlook & Closing Remarks 22
Objectives and Overview Busiest period in Bowlevens history to date Objectives Convert resources to reserves; progress IE and IF development projects towards sanction. Further test exploration potential of Cameroon acreage.…
Momentum is building on our operations in Cameroon. 2011 is p promisingg to be another exciting g year y for the Company with both exploration and appraisal activity planned on our acreage. Investor/Analyst Interim Results…
Principal Contact: Kerry Crawford Tel: +44 131 524 5678 Kevin Hart Tel: +44 131 524 5678 John Brown Tel: +44 44 131 524 5678 kerry.crawfordbowleven.com y www.bowleven.com Bowleven Plc. 1 North St Andrew Lane, Edinburgh,…
Loading...
