Introduction and Overview Savannah Petroleum (Savannah) UK oil & gas company focused around the exploration, appraisal and development of the R1/R2 PSC in Niger Listed on the AIM market of the London Stock Exchange, raising 50m with…
Indicative Work Programme Activity Q1 15 Q2 15 Q3 15 Q4 15 Legacy seismic data re-processing and interpretation Updated leads and prospects inventory FTG survey acquisition and interpretation 3D seismic acquisition Exploration well…
Agadem Area Overview 6
Agadem and the Central African Rift System Bongor Trough Termit Trough (i.e. Agadem) 417 mmbbls 832 mmbbls 2P reserves Melut Basin 1,782 mmbbls Doba Trough Muglad Basin 1,059 mmbbls 2,053 mmbbls The R1/R2 permit is…
Agadem Exploration and Activity History Pre-CNPC Era (1975 2004) 5 discoveries made from 25 exploration wells (i.e. 20% success rate) CNPC Era (2008 2013) US300m signature bonus paid 77 exploration discoveries from 99 exploration…
Agadem Area Geology The Agadem area is contained within the Termit Trough area of the Chad Basin, itself part of the wider Bagarra Trough Sediments range from Early Cretaceous to Holocene, mainly clastics with minor marine…
Agadem Area Stratigraphy Main Prospective Intervals Base Tertiary Base Upper Cretaceous SOURCE: IHS, SAVANNAH ESTIMATES 10
Stylised Agadem Area Cross Section SOURCE: GOVERNMENT OF NIGER, SAVANNAH ESTIMATES 11
Seal Imagery the Principal Agadem Exploration Issue 3D SEISMIC KEY SOLUTION PROVIDER STYLISED AGADEM EXPLORATION PLAY TYPE CARTOON Historically, the major exploration risk within Agadem has centred around fault seal failure Good…
Agadem Area Background Maps AGADEM EXPLORATION MAP AGADEM SEISMIC MAP SOURCE: GOVERNMENT OF NIGER, SAVANNAH ESTIMATES 13
Agadem Area Field Characteristics FIELD CHARACTERISTICS CNPC EXPLORATION WELL Average Eocene discovery size is c.11mmbbls, with no discoveries to date having been greater than 60mmbbls Typical discoveries in the primary Eocene play…
Chinese Led Pipeline Export Route on Track for 2017 FIRST AGADEM OIL EXPORTS EXPECTED 2017 PROPOSED PIPELINE EXPORT ROUTES CNPC currently sells domestically to the c.20kbd Zinder refinery, via a 463km pipeline CNPC intends to…
R1 / R2 PSC Economics 16
Production Sharing Contract (PSC) Overview Phase 1 Phase 2 Phase 3 4 year term 2 year term 2 year term Minimum work programme: at Minimum work programme: at Minimum work programme: at least 2,000km 2D seismic, least 1,000km 2D seismic,…
Overview of Main PSC Terms Net After Royalty Signature bonus and related expenditure of US38m Work commitment of c.US100m over 8 years Royalties: Oil 12.5% Profit Oil Cost Oil Gas 2.5% Cost Oil: Recovery of 100% of capital and…
Appendix 19
Board and Management STEVE JENKINS, CHAIRMAN ANDREW KNOTT, CEO PHIL MAGOR, CHIEF GEOLOGIST Steve is recognised as one of the most Andrew is the CEO and principal founder of Phil has enjoyed a 34 year career in the capable oil and gas…
Niger Current Licensing Position License Information Name Principal Owner Nationality R1/R2 Savannah Petroleum British Aborak International Petroleum Australian Achegour Akata Resources Australian Agadem CNPC Chinese Bilma…
Niger Key Facts 2012 population estimated at 17m people (61st largest country in the world Landlocked country in West Africa covering 1,267,000km2 (22nd largest country in the world) Terrain mainly desert, with arable land in the…
Niger Key Economic Statistics (2) 400 20,000 12 300 15,000 9 200 10,000 6 100 5,000 3 0 0 0 Niger Africa World Niger Africa World World Africa Niger GDP (USBN) GDP PER CAPITA (US) 2012 GDP GROWTH RATE (%) 50 4 80 40 3…
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