Africa Energy: New African Exploration Vehicle December 18, 2015 A Lundin Group Company
Africa Energy Corp. The Lundin Group has created a new company to build an African, oil-prone, exploration & production portfolio over the next 18-24 months The new company, Africa Energy Corp., will draw from experiences gained…
Headquarters in the Mother City, Cape Town, RSA Africa Energys New Office 22nd Floor, Metlife Centre 3
Cape Town Technical Team Jan Maier VP Exploration Under his leadership in Energy Africa and Tullow Oil, new oil basins were opened in Bill Torr Heinz Pferdekamper Equatorial Guinea, Gabon, Uganda, Ghana, & Business Manager…
High Deal Flow in Sub-Saharan Africa As December 2015, 30 potential deals have been identified and reviewed 3 Definitive Agreements have been executed and several more potential deals being reviewed.. some close to execution,…
East African Tertiary Rift Play Africa Energys team combines experience from both Africa Oils Lokichar Sub-basin Oil Fields of Lokichar, discoveries in Kenya and Tullows discoveries in Uganda Time Structure Map Kenya Top Lokhone…
Cretaceous Fan Play Africa Energy has an excellent understanding of the seismic amplitude-supported Cretaceous fan play. Heinz Pferdekamper, Africa Energys Chief Geophysicist, originally mapped both the Jubilee prospect and the…
Initial Deal Block 2B, South Africa Acquired 90% of Block 2B in South Africa by executing 3 deals with Thombo Petroleum (34.5%), Crown Energy (30.5%) and Afren (25%) Block 2B exploration success - Soekor drilled a stratigraphic…
Block 2B, South Africa Operated by Thombo Petroleum (34.5%) with partners Crown Energy (40.5%) and Afren (25%) Africa Energy has completed 3 deals and now holds 90% interest in Block 2B (subj. to Govt. and regulatory approval)…
A-J Graben vs. South-Lokichar basin, Kenya South Lokichar Time Structure Map From Africa Oil Corp. Etom AJ-1 Discovery 350km2 200 MMBO Agete Loperot-1 Unrisked most Discovery 1750km2 likely recoverable Twiga At…
Half Graben Comparison Ngamia1 Loperot1 2012 1992 SW NE Lokichar Half Graben, Kenya Tertiary age sandstones and shales Length: 60km, Width: 30km Sedimentary fill exceeds 5000m Two significant lacustrine source rocks…
Bounding Fault Play: Lokichar vs. AJ Graben SW NE Twiga-1 AJ Graben Lokichar Basin AJ1 Closures against the 3Way Dip Closures and foci for charge Bounding fault Twiga: 62 MMBO* Closures against the Bounding fault…
AJ Graben Plays on 3D Seismic A J1 1988 Fan Delta Play Crossline 3748 Subcrop Play Metamorphic Basement Metamorphic Basement Flowed 191 bbls oil/day (36 API) Lacustrine oil source rocks
AJ-1 Well Summary Summary 271m gross column of oil shows Porosity ranges from 10-15% Porosity could significantly improve updip (20% or more) Enhancement beneath Unconf Preservation w/ oil charge Net sand total: 220m Oil…
Reservoirs in the AJ Graben Early Cretaceous alluvial, fluvial and lacustrine sands Porosities in better sands range from 10-15%; should improve updip and possibly exceed 20% due to porosity preservation post-oil charge and/or…
AJ-1 Oil Geochemistry Oils recovered from the Lower Lacustrine Zone are predominantly Type I, algal-rich, lacustrine origin with 36 degrees API on test and 28 degrees API on RFT (near base of test) Type I Hydrogen Index range from…
Prospects from AJ 3D Survey (Based upon Africa Energy Mapping) Oxalis Prospect: Mean: 104 mmbo recov. Senecio Prospect: SOUTH Mean: 18 mmbo recov. AFRICA Rift fill sediments partially truncated by Hauterivian unconformity…
South African Fiscal Regime Fiscal Regime Illustration Net State Take (%) Net State Share 29%…
Development Scenario Key Development Assumptions A 113 mmbo development scenario was constructed, which assumed a minimum facilities jacket, subsea completions, a storage tanker with processing, and ship- to-ship transfer for…
Completed Deals & Forward Plan, Block 2B Africa Energy has: Acquired Afrens 25% interest for US1MM Acquired Thombos 34.5% interest for US1MM + AFE shares; further consideration of cash and/or shares tied to progression and…
Key Shareholders Africa Energy Corp. Shares Outstanding: 129,335,469 Market Cap (USD): 9.3 MM TSXVenture: AFE Management & Staff 21
Lundin Group World Wide Operations 22
Lundin Group Today It all started over 40 years ago with Mr. Adolf Lundin as the founder and visionary for the Group with an entrepreneurial and adventurous outlook on business and life. The first companies in the Lundin Group…
Over 3 Billion Invested in Africa To Date Africa Energy 24
Our Approach to Sustainable Business Risk Management and Value Creation Africa Energy is committed to addressing the challenge of sustainability - delivering value to our shareholders, while providing economic and social benefits to…
Corporate Responsibility In Action Health & Safety create a safe and secure working environment for our people and assets. Environmental Protection avoid or minimize our impact on the environment and biodiversity. Social…
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