Introduction and Overview Savannah Petroleum (Savannah) Market Statistics UK oil & gas company focused around the exploration, appraisal Listing AIM (SAVP) and development of the R1/R2 PSC in Niger Shares Outstanding 131,337,172…
Agadem and the Central African Rift System Bongor Trough Agadem Rift Basin 417mb 975mb 2P reserves Melut Basin 1,782mb Doba Trough Muglad Basin 1,059mb 2,053mb The R1/R2 permit is located in the Agadem Area of South…
ARB Exploration and Activity History Pre-CNPC Era (1975 2004) 5 discoveries made from 25 exploration wells (i.e. 20% success rate) R1 CNPC Era (2008 2014) US300m signature bonus paid 93 exploration discoveries from 124…
ARB Exploration Discovery History (1) 2009 2010 2011 Pre-CNPC 2014 2013 2012 2011 2012 2013 2014 2010 2009 Pre-CNPC SOURCE: GOVERNMENT OF NIGER, SAVANNAH ESTIMATES 6
ARB Exploration Discovery History (2) 2009 2010 2011 Pre-CNPC Eocene Upper Cretaceous 2012 2013 2014 Stacked Target Pre-2013 exploration in the classic tilted fault block Eocene play was the principal focus SOURCE:…
Geo-Seismic Cross Section of ARB Sokor 1 and Yogou are the principal proven target horizons R1 R2 Potential Target Horizons SOURCE: BANG ET AL (2015), GOVERNMENT OF NIGER, SAVANNAH ESTIMATES 8
R1/R2 Prospectivity At IPO, estimated prospectivity of 573mb (un-risked 819mb) CPR assessed Eocene potential only, using probabilistic methodology Primary exploration risk related to seal, 3D seismic critical to de-risk this R1…
ARB Stratigraphy Tests & Targets Existing ARB R1/R2 R1/R2 Shows Discoveries Prospects Leads 96 14 31 2 14 9 26 To end-2014, there have been 98 ARB discoveries in the CNPC-operated Agadem PSC area Multiple play types…
ARB: 2D to 3D Data Improvement SOURCE: GOVERNMENT OF NIGER, SAVANNAH ESTIMATES 12
Example Deep Play Lead SW NE Base Miocene Sokor Shales Yogou Horizon Sokor Alternances Contour interval 10 m Madama Depth TVDmsl (m) Deep Lead Yogou Deep Lead SOURCE: GOVERNMENT OF NIGER, SAVANNAH ESTIMATES…
Agadem Area Field Characteristics FIELD CHARACTERISTICS EXPLORATION WELL Average discovery size is c.10mb, with no discoveries to date having been greater than 60mb Typical discoveries have an API of c31 degrees, a wax content of…
Niger Oil & Gas Activity History NUMBER OF WELLS DRILLED, 2008 20141 2D AND 3D SEISMIC ACQUIRED, 2008 2014 50 4,000 40 3,000 30 2,000 20 1,000 10 0 0 2008 2009 2010 2011 2012 2013 2014 2008 2009 2010 2011 2012 2013…
Oil Export Pipeline Targeted for 2016/17 OIL EXPORTS TARGETED FOR 2016/17 PLANNED PIPELINE EXPORT ROUTE CNPC currently sells domestically to the c20kbd capacity Zinder refinery, via the 463km Agadem-Zinder domestic pipeline The…
Board and Management Recognised as one of the most capable oil and gas executives in the UK Steve Jenkins, From 2005 to 2012, Steve held a variety of senior roles at Nimir Petroleum, a private Saudi Arabian company with extensive…
Indicative Work Programme Activity 1H 2015 2H 2015 Legacy seismic data re-processing and interpretation Updated leads and prospects inventory FTG survey acquisition and interpretation Potential seismic acquisition Potential…
Appendix Further Background 20
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…
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 2013 population of 17.8m people (59th largest population 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 South…
Niger Key Economic Statistics (2) 80,000 12,000 15 10,000 12 60,000 8,000 9 40,000 6,000 6 4,000 20,000 2,000 3 0 0 0 Niger Africa World Niger Africa World World Africa Niger 2013 GDP (USBN) 2013 GDP PER CAPITA (US) 2013…