Oil Capital Conference 8th September 2015 www.sterlingenergyplc.com 1 www.sterlingenergyplc.com August 2015
Sterling Energy & the market Track record and performance context 3 www.sterlingenergyplc.com
Corporate information H1 2015 Interims, Board and Shareholders Financial summary for six Sterling Energy PLC - AIM listing 2002 Significant Shareholders months ending 30 June 2015 Market capitalisation 33.8 million Waterford 29.9 %…
Disciplined Material Exploration Africa focused, value driven, uniquely positioned for growth Diverse asset portfolio (63,392 net km2) Mauritania: C-3 shallow water block Mauritania: C-10 offshore block Mauritania: Chinguetti PSC B…
MSGBC: An emerging world class basin Mauritania, Senegal, Guinea-Bissau & Conakry Proven petroleum systems Plate Reconstruction 100Ma - Chinguetti, Tiof, Banda and Tevet discoveries North Morocco - SNE-1 & Tortue-1 / Ahmeyim play…
Mauritania margin analogs Major recent play opening discoveries along strike Marsouin Kosmos (Q4 2015) 300Mmboe Cretaceous prospect (Chevron farmin) Drilling (Atwood Achiever DS) Chinguetti Tortue Kosmos (May 2015) 107m net…
Mauritania Block C-3 Material new asset position Joint venture Sterling 40.5% Tullow (Operator) 49.5% SMH 10% (SMH carried by Sterling & Tullow during exploration phase) Shallow water exploration play Area 9,781 km2, water depth…
Mauritania Block C-3 Deeper potential in a proven basin - 3D to de-risk W E Dory Prospect 40kms from shore in 130m WD. Downthrown closure with stacked objectives from Palaeocene through Upper Cretaceous. Direct juxtaposition…
Mauritania Block C-10 Large footprint in a proven basin Joint venture Sterling 13.5%*. Tullow (Operator) 76.5% SMH 10.0% (SMH carried by Sterling & Tullow during exploration phase) Large block in a proven basin Area 10,725 km2,…
Mauritania Block C-10 Multi-play potential in a proven basin W E Kibaro Prospect 33kms SE of Chinguetti field. Un-penetrated Late Cretaceous structural closure within turbidite canyon system. Offset Tevet-2ST1 well encountered…
Mauritania PSC B Chinguetti Oil production funding and royalty income Chinguetti Field First commercial oil field discovered in 2001, 80kms offshore in 800m WD H1 2015 gross field production of 5,309 bopd Petronas 47.38% (Op.),…
Madagascar Promising potential in a frontier basin Evidence of working petroleum systems Proven petroleum system in southern Madagascar (Bemolanga tar sands) Multiple surface seeps on Ampasindava peninsula & oil shows in Ambilobe…
Madagascar - Ambilobe Maturing a lead and prospect inventory Joint Venture Partners Sterling (Operator) 50% Pura Vida 50% Large under explored offshore block 17,650 km2, 0m to 3,000m water depth Cretaceous & Jurassic primary play…
Madagascar- Ambilobe Encouraging 3D seismic data quality 1,175 km2 3D survey acquired 1H 2015 Completed on schedule and within carried budget No remaining obligations Incident-free operations in a remote and environmentally sensitive…
Somaliland Odewayne Extension of prolific proven plays Joint Venture Pre-rift configuration Genel (Operator) 50% Sterling 40% Petrosoma 10% Onshore frontier exploration Large block of 22,840km High resolution Gravity and Aeromag…
Somaliland - Odewayne Unexplored Mesozoic rift basin Large unexplored basin Frontier block with no seismic control and no drilling to date. 22,840 km2, equivalent to +/- 100 UKCS Blocks Sub-surface basin structure identified by 2013…
Cameroon Ntem Long term West African producer Joint venture Sterling (Operator) 100% Large deep water block Additional potential on block (Tonga & Boabab prospects) High quality 1,500km 3D Favourable fiscal terms Licence terms…
Cameroon - Ntem Under explored West African Basin Tonga Baobab Tonga Baobab Amplitude defined amalgamated channel complex with Tertiary channel sands with well defined Class II AVO complex stratigraphic trapping configuration and…
Activity Timeline Executing and growing our asset base 2015 2016 2017 Country Asset H1 H2 H1 H2 H1 H2 C3 (40.5%) 2015 entry Decision Mauritania Ground floor terms, no Interpret 2D & Regional data to Enter Drilling outstanding…
Disciplined Material Exploration Africa focused, value driven Strong balance sheet Debt free, cash of 100 million 2015 & 2016 commitments fully funded Primed to benefit from market Somaliland dislocation (opportunity, seismic & well…
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