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FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc

Bowleven Plc · Feb 9, 2010 · 12 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. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 1
    Investor / Analyst Presentation February 2010
  2. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 2
    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…
  3. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 3
    Company Overview 2 key 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 resource base 217…
  4. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 4
    Bowleven Timeline Establishing A Strong Track Record 1995 Company Formed. Listed on UK AIM December 2004. 2006 New management and technical team established. 2007 Successful appraisal (IE) and exploration (D-1, IF) wells…
  5. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 5
    Etinde Permit MLHP 7 Resources to Reserves Isongo Prospects - Isongo Gas Condensate Fields - Multiple undrilled structural culminations Isongo Marine, IC, ID associated with existing and IE. IE successfully discoveries. Low risk…
  6. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 6
    Cameroon Exploration Emergent Douala Basin Play Noble (Belinda, 2005/7) Logbaba (1950s) Gas- D-1r (2007), 25mmscfd, condensate in Upp. Cret. O-1 24mmscfd, 1225bcpd 1400bcpd from 75ft gross deep-water sands. (VOG O-3 30mmscfd,…
  7. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 7
    2010 Etinde Drilling and Seismic Programme Rig tender process initiated Q4 2009; LOI issued for rig legal documentation to be completed shortly. MLHP 7 current 3D Rig rates significantly lower than 2008 peak. 575km 2009 2010…
  8. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 8
    Bomono Overview Bomono 100% Bowleven. Composed of two blocks covering an area of 2328km. 5 year first term, expiring December 2012. Existing 2D Commitments 500km 2D seismic data (320Km 2D planned for Q1 2010). 1 well (drilling…
  9. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 9
    Epaemeno Overview Epaemeno 50% Bowleven, 50% farm-out completed April 2007. Basement Second exploration term expires August 2010 with third term expiry August 2013. Dentale Prospects Commitments Commitment 2D seismic data…
  10. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 10
    Balance Sheet Strength Fully Funded for 2010 Work Programme Cash at 31 December 2009 circa 110 million. No debt. Etinde farm-out to Vitol provides 100 million funding of gross work programme for 25% interest. Vitol have an…
  11. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 11
    Principal 2010 Work Programme Expenditure 2009 2010 2011 Current Estimated Q4 Q1 Q2 Q3 Q4 Q1 Q2 Expenditure Etinde Repro. MLHP 5, 6 & 7 3D Seismic MLHP 7 3D Surveys 30 - 35m Etinde 125-145m 4th Etinde Etinde Drilling…
  12. FEBRUARY 2010 INVESTOR PRESENTATION – Bowleven Plc – slide 12
    Analyst / Investor Contacts Principal Contact: Kerry Crawford Tel: +44 131 524 5678 kerry.crawfordbowleven.com Kevin Hart Tel: +44 131 524 5678 John Brown Tel: +44 131 524 5678 13

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