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March 2015 Investor Presentation – African Petroleum

African Petroleum · Mar 23, 2015 · 41 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. March 2015 Investor Presentation – African Petroleum – slide 1
    Investor Presenta,on March 2015
  2. March 2015 Investor Presentation – African Petroleum – slide 2
    Investment Highlights World Class Explora,on Acreage Posi,on Market Sta,s,cs (17.03.15) Large acreage posi2on in West Africa Margin: 5 countries, 10 licences Lis2ng OAX (APCL) NSX (AOQ) 11.6bn+ barrels unrisked prospec2ve oil…
  3. March 2015 Investor Presentation – African Petroleum – slide 3
    Experienced Management Team Stuart Lake: Chief Execu2ve Ocer and Execu2ve Director 28+ years of experience in Hess Corp., Apache Corp. & Shell Proven oil nder, drilled 300+ wells in 11 countries with 85% geological success Oversaw…
  4. March 2015 Investor Presentation – African Petroleum – slide 4
    World Class Explora,on Acreage SENEGAL 2 adjacent 31 DISCOVERIES (2010 2014) discoveries in 2014 Resources 63 WELLS PLANNED Prospec2ve 1779mmbbls Prospec,ve Oil Resources: (2014 2016) 2 licences: 12,7952 (net) 90%…
  5. March 2015 Investor Presentation – African Petroleum – slide 5
    APCLs Net Acreage Posi,on rela,ve to other Listed Operators in West Africa Liberia Sierra Leone Operated oshore acreage in km2 Operated oshore acreage in km2 No.1 No.1 Operators Operators Cte dIvoire Senegal & The Gambia…
  6. March 2015 Investor Presentation – African Petroleum – slide 6
    Growth Strategy Proven deep-water operator with one discovery Explora2on Diverse oil rich mul2-play porvolio Focused Drilling high impact explora2on wells Pre-trade seismic and well data to aid knowledge pre drill West Africa…
  7. March 2015 Investor Presentation – African Petroleum – slide 7
    Delivering on Milestones Achieved in 2014 Targeted in 2015 New Management & Governance Private Placement announced 10 February 2015 12.5m raised Revised strategy and plan Upgrade Prospec2ve Resource numbers new CPR to be published…
  8. March 2015 Investor Presentation – African Petroleum – slide 8
    The Current Market: Time to invest APCL is benezng from a decrease in prices for drill-rigs and seismic work Focus on the longer-term market stability, long term strategy to realise poten2al and value of 11.6bnbbls+ assets…
  9. March 2015 Investor Presentation – African Petroleum – slide 9
    Economic Summary Excellent scal terms Benet from low cost explora2on and appraisal cost environment in 2015/16 Drilling…
  10. March 2015 Investor Presentation – African Petroleum – slide 10
    Signicant Poten,al Value Crea,on Value 1.2B - 2.3B Value of 500MMbbl discovery 1.13 - 2.07 per share 2,835% to 5,187% Poten2al Value Increase US55m 0.08 /share NPV10 value based on internal calcula*ons and…
  11. March 2015 Investor Presentation – African Petroleum – slide 11
    Company Pornolio 2011 2015 Current Material growth in our prospect inventory since 2011 Senegal 3 material oil discoveries made by others during 2014 in Liberia acreage adjacent to APCL 2.4 11.6 Senegal and The Gambia…
  12. March 2015 Investor Presentation – African Petroleum – slide 12
    Prospects & Plays Cte dIvoire to Sierra Leone Pure play deep-water explora2on 2014 Explora2on was transforma2onal in Senegal and Cte dIvoire CPR Inventory is diverse and material Our large equity posi2on provides room for…
  13. March 2015 Investor Presentation – African Petroleum – slide 13
    Third Party Catalyst Ac,vity 2014/2015 COP & SLOP: Kosmos farm-in for APCL Licences 60% equity (2014)* Posi2ve Results APCL Gambia licences re-instated Awai2ng Results (Nov 2014) 2015 Ac2vity New 3D seismic Sangomar -…
  14. March 2015 Investor Presentation – African Petroleum – slide 14
    Liberia LB-08 and LB-09 Farm-out term sheet signed for LB-08 (Dec 2014)* AXrac2ve early mover scal terms 4 discoveries in the Liberia Sierra Leone basin by others Narina-1 oil discovery in LB-09 by African Petroleum Corpora2on…
  15. March 2015 Investor Presentation – African Petroleum – slide 15
    Liberia LB-09: Narina West Appraisal Narina-1 found 31 metres net pay Turonian and Prospect Narina West underlying Albian reservoirs (38-40 API) Water Depth 900-1200m Mean prospec2ve un-risked resources: 184 MMstb* Play Fairway…
  16. March 2015 Investor Presentation – African Petroleum – slide 16
    Cte dIvoire CI-509 and CI-513 High quality proprietary 3D seismic. New PSDM delivered in March 2014 April 2014 Total oil discovery at Saphir-1XB (Block CI-514) 40m net oil pay 34 API Developed a deeper & expanded inventory post…
  17. March 2015 Investor Presentation – African Petroleum – slide 17
    Cte dIvoire CI-513 Ayam West Ayame Turonian Upper Fan Depth and Sum Nega2ve Values showing Reservoir Prospect Ayam West Water Depth 2800-2900m Play Fairway Turonian and Cenomanian Mean Prospec,ve Net *800 MMstb (Combined…
  18. March 2015 Investor Presentation – African Petroleum – slide 18
    Cte dIvoire CI-509 Agnby Prospect Agnby Water Depth 2500 - 2750m Play Fairway Santonian/Turonian and Cenomanian Mean Prospec,ve Net *414 MMstb Unrisked Resources *Resource volumes taken from ERC Equipoise Audit, 2015…
  19. March 2015 Investor Presentation – African Petroleum – slide 19
    Gambia and Senegal Overview Planorm edge Senegal ROP Cairn(op.)/CoP/FAR oil discoveries in adjacent block A1 100m Gambia A4 High poten2al fron2er explora2on area Mul2ple plays Cretaceous deep-water fan…
  20. March 2015 Investor Presentation – African Petroleum – slide 20
    Recent Discoveries on Trend with APCL Acreage SNE-1 Sangomar Block* FAN-1 Cairn Energy SNE-1 discovery: (Cairn operated) Line A 95m gross oil bearing column with a gas cap Excellent net oil pay of 36m Oil of 32 degrees…
  21. March 2015 Investor Presentation – African Petroleum – slide 21
    The Gambia A1 & A4 FAN-1 Discovery Gambian Licences re-instated 1 December 2014 with 100% working interest 2,500km2 3D seismic acquired over licences Discoveries by Cairn Energy in Senegal conrm our Al Hamdulilah…
  22. March 2015 Investor Presentation – African Petroleum – slide 22
    Gambian Licences: Mul,ple Analogues to SNE-1 SNE-1 Pre-drill Images (Senegal) Y Y FAN-1 Discovery Depth Y Y Al Hamdulilah SNE-1 Discovery Sami Paprika Albian Nema Rosewood X Ap,an Mahogany X Acacia…
  23. March 2015 Investor Presentation – African Petroleum – slide 23
    Sierra Leone SL-03 and SL-4A-10 N Lukoil Savannah discovery announced in 2013* Djemba Altair Vega Block SL-03 covered by 3D seismic, SL-4A-10 3D seismic acquired Q3 2014 Prospec2ve at mul2ple levels within…
  24. March 2015 Investor Presentation – African Petroleum – slide 24
    Sierra Leone SL-03/04a: Vega Lead Lower Campanian Fan System Amplitudes Prospect N Vega Water Depth 3400-3640m Play TGS F3airway 2012 D Campanian TGS 2014 3D Brute Stack SL-03 Mean Prospec,ve Net Under assessment…
  25. March 2015 Investor Presentation – African Petroleum – slide 25
    Poised to Recommence Drilling Value Growth through Partnering and Drilling Programme Execu,on Ac,ve Programme Oset wells by third par2es to de- Value Drilling Programme Execu,on risk prospects EV = 500 MMBO (risked) Further…
  26. March 2015 Investor Presentation – African Petroleum – slide 26
    Conclusion: Value Crea,on for the Near and Long Term Assets Capabili,es Diverse porvolio in 5 countries with Highly experienced management team 24+ drillable prospects Members of APCL technical team were 11.6bnbbls+ net unrisked…
  27. March 2015 Investor Presentation – African Petroleum – slide 27
    Advisers & Contact Details African Petroleum Corpora,on Ltd BROKERS Premier House EAS Advisors LLC (New York) 10 Greycoat Place First Energy/Mirabaud Securi2es Limited (UK) London Pareto Securi2es (Norway) SW1 1SB Dundee…
  28. March 2015 Investor Presentation – African Petroleum – slide 28
    APPENDIX 29
  29. March 2015 Investor Presentation – African Petroleum – slide 29
    Vision To be the leading Independent Oil Explora2on Company of choice Mission Finding and exploi2ng commercial hydrocarbon deposits, whilst genera2ng sustainable benets for local communi2es and minimising our environmental…
  30. March 2015 Investor Presentation – African Petroleum – slide 30
    Board of Directors Gibril Bangura Charles Ma[hews,OBE Non-Execu2ve Director Bjarne Moe Non-Exec Chairman Non-Execu2ve Director 10+ years experience in Chairman & Director posi2ons Execu2ve Director of London listed African…
  31. March 2015 Investor Presentation – African Petroleum – slide 31
    Board Composi,on and Commi[ees Board of Directors Charles MaXhews Independent Non-Execu*ve Chairman Nomina,on Commi[ee Audit Commi[ee Remunera,on Commi[ee Con,nuous Disclosure Commi[ee Members: Members: Members: Members:…
  32. March 2015 Investor Presentation – African Petroleum – slide 32
    Opera,onal Timeline- History and Outlook Control Over Direc2on & Execu2on of Explora2on Strategy Control Over Direc2on & Execu2on of West African Focus Explora2on Strategy Africa & Beyond FIRST OIL* Seismic Drill…
  33. March 2015 Investor Presentation – African Petroleum – slide 33
    Net Acreage Comparison Gulf of Mexico and North Sea 34
  34. March 2015 Investor Presentation – African Petroleum – slide 34
    Country Prole Senegal Cte dIvoire GDP Projected Growth (14): 5.1% GDP Projected Growth (14): 9.8% Popula,on (12): 13.2m Popula,on (12): 20.6m Popula,on Growth Rate: 2.6% Popula,on Growth Rate: 2.2% Language: French Language: French…
  35. March 2015 Investor Presentation – African Petroleum – slide 35
    APCL Ac,vi,es to Date Country Blocks Net Acreage km2 Ac2vi2es to Date Awarded both blocks November 2011 Rusque Oshore Profond May 2012 APCL acquired 3,600km2 3D seismic data 14,804 Senegal & Senegal Oshore Sud Currently…
  36. March 2015 Investor Presentation – African Petroleum – slide 36
    Block LB-08 & LB-09 Main Prospec,ve Play Fairways Bee-Eater-1 Apalis-1 Bee-Eater Fairway: Tested by Narina-1 (oil) Narina-1 Sedimentary source Bee-Eater-1 (shows) and * (blue arrows) Iroko-1 Apalis-1…
  37. March 2015 Investor Presentation – African Petroleum – slide 37
    FAN-1 Analogues in APCL Acreage FAN-1 Cairn Operated Sangomar Licence Reprocessed 3D delivered Q4 2014 APCL ROP Licence Baobab Prospect Y Y X X X X ROP License Y Y A1 A4 SOSP License SOSP Slope fan…
  38. March 2015 Investor Presentation – African Petroleum – slide 38
    Gulf of Guinea Well Benchmarking Drilled Interval 45.0 African Petroleum historical performance within the Gulf of Guinea region Spud to End of the Well. Countries: Liberia, Cote dIvoire, Sierra Leone, Senegal, Benin, Togo (up to…
  39. March 2015 Investor Presentation – African Petroleum – slide 39
    Two Casing String CDI Explora,on Well Less than 50mm USD cost/well Simple design and fast drilling Poten2al rig 2me savings (2-3 days) Reduced casing requirements (both 20 & 13 3/8) Reduced cement requirements Simplied…
  40. March 2015 Investor Presentation – African Petroleum – slide 40
    Onshore Niger Licences APCLs 14% shareholder in Interna2onal Petroleum Savannah FTG Technology used Petroleum Four CNPC by Tullow in Uganda Signature Bonuses White discovered and Africa Oil in 34 Million USD Blocks IOP 800MMbbls P2…
  41. March 2015 Investor Presentation – African Petroleum – slide 41
    Corporate Social Responsibility, examples in ac,on Sightsavers Gbowee Peace University of Liberia Student Founda,on Computer Lab Sponsorship APCL sponsored with Nobel trainees will deliver Worked laureate to design…

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