Preliminary Investor Results Presentation Shareholders Presentation Regional Meeting August 2015 For the year ended 30 June 2013 23 September 2014 JPMorgan Global Oil & Gas Conference (03/09/15)
Company Overview 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…
Company Overview 2015 Highlights Completed farm-out of Etinde with global E&P company and recognised local operator. Consideration from farm-out significantly strengthens balance sheet and provides carry for two appraisal wells…
Etinde: Convert Resources to Reserves Etinde Exploitation Expanded joint venture well placed to progress Resources to Reserves. Farm-out to New Age and LUKOIL combines: Local knowledge and experience. Major E&P company.…
Etinde: Additional Resource through Appraisal Drilling Intra Isongo Potential IM-5 IM-5 well opened the Intra-Isongo play. Seismic response correlates with thick, reservoir quality Upper Isongo sands, identifying significant…
Bomono Operational Update Two well drilling programme commenced. Zingana drilled to 1,720m MD; hydrocarbons encountered in target reservoirs (suspended for re- entry). Drilling underway at 2nd well, Moambe. Plan is to drill,…
Bomono: Exploration Targets Oil Potential SW Zingana-1 Moambe-1* NE Focused on the deeper D&E sands. Bo-03 (yellow) Zingana and Moambe targeting medium risk 50-100mmbbl gas in B & C sds STOIIP pools (P50-Mean range) in each…
Overview - Other African Acreage Kenya Zambia South Sudan Ethiopia Kenya Uganda Significant acreage 14,200km2 in highly prospective East African Luangwa Valley Karoo basin total area 42,000 km.Five blocks Rift system;…
Funding Overview Current Portfolio Fully Funded Strong balance sheet. Consideration from LUKOIL/NewAge farm-out: Use of Transaction Proceeds Disciplined Capital Approach Use of Transaction Proceeds 165 million cash received at…
Conclusion Strong balance sheet following completion of Etinde farm-out. Balanced portfolio with near term focus on existing asset base. Fully funded for planned activity: Exploration drilling campaign on Bomono. The next…
Principal Contact: Kerry Crawford Tel: +44 131 524 5678 Kevin Hart Tel: +44 131 524 5678 infobowleven.com www.bowleven.com Bowleven Plc. The Cube 45 Leith Street Edinburgh EH1 3AT United Kingdom
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