Panoro Energy Pareto Conference 3 September 2015 PEN, OSE Ticker code Company Presentation 1 1
Company Snapshot Exploration & development assets in West Africa Focused E&P Lean and efficient organisation led by seasoned professionals (6 in total) Company with Strong financial discipline Experienced Team Board with extensive…
Panoro Assets in Africa Two core Assets in West Africa With Discovered Resources Under Development and Significant Exploration Upside License OML 113 Working Interest 6.502% Paying Interest 16.255% Aje (Nigeria)1 Revenue…
Panoro Board of Directors (Non-Executive) Mr. Julien Balkany, Chairman of the Board, is since 2008 the managing partner of Nanes Balkany Partners, a group of investment funds which primarily pursues active value investments in publicly…
OML 113 Aje License Overview Awarded to Yinka Folawiyo Petroleum (YFP)1 in 1991 Operated by YFP New Age provides services under a Master Service Agreement Located in the western part of offshore Lagos and adjacent to the Benin…
Aje Reserves and Contingent Resources Aje Field 1 Gross Reserves and Resources, 202.3MMBOE Panoro Net Reserves and Resources, 32.7MMBOE 11.7 1.8 11.7 1.4 Phase 1 - 2 wells, Aje Cenomanian 1P Aje Cenomanian 1P Phase 1 Aje 4…
Aje 5 Operations Aje 5 Drilling results Forward Plan Well Spud on 25th July in 300m water depth. Seabed The Aje-5 well will now be completed as a location close to Aje-4 subsea oil production well Drilling operations have progressed…
Aje Project pictures Front Puffin FPSO UTA load testing in KL Subsea Flowmeter Testing FPSO in dry dock in Singapore Hydraulic Flying Leads Packing for shipping Subsea Trees Manifold foundation ready for shipping…
Financial Metrics - Aje Oil Development Cenomanian Oil Development only Aje Net Asset Value to Panoro Phase 1 only, P50 Gross Field OPEX estimate NPV 10% at First Oil Royalty 10% 120.0 US 63m US 83m US 92m US 101m US 109m 65…
Aje New 3D Seismic Interpretation Underway 7 leads in post-rift middle cretaceous section identified from existing seismic data OML 113 Prospectivity At least further 2 leads have been identified in syn-rift. Ogo-1 and Ogo-1ST…
Dussafu Large Exploration and Development Block with Multiple Discoveries and Prospects Project Status Dussafu (Gabon) Operator Harvest Natural Resources (66.67%) 2,775 km2 license in Southern Gabon pre-salt fairway Working Interest…
Status of Dussafu Development Ruche Development Options being refined EEA awarded 17th July 2014, Area of 850.5 km2 - Dussafu JV can exploit hydrocarbon resources in EEA area for up to 20 years Dussafu Net Contingent Resources1…
Dussafu Exploration Potential 3D seismic over whole license Gamba Reservoir DUSSAFU BLOCK GAMBA PROSPECTS historically main exploration target in pre-salt Gabon GAMBA LEADS DENTALE PROSPECTS present over whole license OIL FIELDS…
Prospects 6 and 7 (3D PSDM) Operator View Structure Base Salt X Geology Fault separated four-way closures 7 Gamba and Dentale potential 6 Prospect Size (P50) Prospect 6: 32 mmbo Ruche X Prospect 7: 11 mmbo Ruche Prospect 6…
Prospects A & B Dentale (3D PSDM) Operator View A Prospect A A Geology Structure Intra- A Dentale Fault-separated twin 4-way closures X B Stacked Dentale sands A Dentale Prospect sizes (operator view, P50) B Vertical closure of 310m…
Conclusions Team focussed on: Project execution Minimising G&A Assessing growth opportunities Near term production at Aje: Panoro is on track to Positions company for growth becoming a full cycle Further value in OML 113 E&P…
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