Corporate Presentation February 2016 www.sterlingenergyplc.com 1 www.sterlingenergyplc.com August 2015
Disciplined Material Exploration Value driven, uniquely positioned for growth Robust platform US100 million cash Debt free & fully funded Continued capital discipline Somaliland Odewayne Portfolio refresh Mauritania Sterling 40%…
Mauritania Block C-10 Large footprint in a proven re-emerging basin Joint venture Sterling 13.5% Tullow (Operator) 76.5% C10 - Sterling Energy 13.5% SMHPM 10.0% (SMHPM carried by Sterling & Tullow during exploration phase) Large…
Mauritania Continued success along the margin Kosmos - Marsouin -1(Nov-15) Gas discovery with 70m of net gas pay in the Cenomanian. Kosmos Ahmeyim-2 (Planned 1H 2016) Downdip appraisal well on Tortue West structure Kosmos -…
Mauritania Block C-10 Multi-play potential in a proven basin W E Kibaro Lead 33kms SE of Chinguetti field. Un-penetrated Late Cretaceous structural closure within turbidite canyon system. Offset Tevet-2ST1 well encountered thin…
Mauritania PSC B Chinguetti Oil production funding and royalty income Chinguetti Field First commercial oil field discovered in 2001, 80kms offshore in 800m WD Q3 2015 gross field production averaged 4,913 bopd Petronas 47.38%…
Madagascar - Ambilobe Maturing block for dilution in 2016 Joint Venture Partners Sterling (Operator) 50% Ambilobe - Sterling Energy Pura Vida 50% 50% Large under explored offshore block 17,650 km2, shoreline to 3,000m water…
Madagascar- Ambilobe 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…
Madagascar- Ambilobe 3D Processing Encouraging 3D seismic data quality PSTM Processing finished PSDM Processing ongoing Cretaceous Prospectivity Final results expected in April 2016 Structure of interpreted Late Cretaceous age…
Somaliland Odewayne Large footprint in frontier exploration province Joint Venture Genel (Operator) 50% Sterling 40% Odewayne - Sterling Petrosoma 10% Energy 40% Onshore frontier exploration Large block of 22,840km, equivalent to…
Somaliland - Odewayne Unexplored Mesozoic rift basin Petroleum System Basement pseudo depth map Frontier block with no seismic control and no drilling to date Rift basin interpreted to be deep enough for Jurassic source rocks to be…
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…
Activity Timeline Executing and refreshing our asset base 2016 2017 2018 Country Asset H1 H2 H1 H2 H1 H2 C10 (13.5%) 2015 entry Decision Ground floor terms, 1 well Interpret 3D Drilling to Enter commitment Phase 3 Mauritania…
Sterling Energy Value driven, uniquely positioned for growth Robust platform Debt free, cash of US100 million 2016 & 2017 commitments fully funded Aligned board & supportive shareholders Primed to benefit from market dislocation…
Ancillary information November 2015 www.sterlingenergyplc.com 16 www.sterlingenergyplc.com August 2015
Corporate information 3Q 2015 Interim Management Statement, Board and Shareholders Financial summary for three Sterling Energy plc - AIM listing 2002 Significant Shareholders1 months ending 30 September 2015 Market capitalisation 31.2…
Sterling Management Alastair Beardsall 35 Executive Chairman Gulfsands Petroleum (AIM) Non-exec Director of Jupiter Energy (AIM/ASX) Executive Chairman Years As Executive Chairman, sold Emerald Energy to Sinopec in 2009 Eskil…
Sterling Energy E&P evolution C-3 block Mauritania exit (post new 2D evaluation disciplined exploration) 2016 C-10 block Mauritania farm-in with Tullow (ground floor) Ampasindava block Madagascar relinquishment (disciplined…
Mauritania Country Overview Stable Democracy - growing Oil & Gas province Government Islamic Republic of Mauritania (1,030,000 km2) President Mohamed Ould Abdel Aziz: Held office since 2009 Elected for further 5 year term in June…
Madagascar Country Overview Nascent Petroleum sector Government Elections held December 2013 Hery Rajaonarimampianina elected President for 5 year term Economy (2014)* GDP: 33.64 billion 3% real growth rate Population 23.2…
Somaliland Country Overview Frontier opportunity Government Somaliland (637,000 km2) was a UK protectorate from 1884 until 1960 Declared independence from Somalia in 1991; allowed development of a stable, democratic government Not…
Cameroon Country Overview Established oil producer Government - Republic of Cameroon (475,440km2) - Multi-party presidential system - President Paul Biya Held office since Nov 1982 Elected for further 7 year term in Oct 2011…
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