Corporate Presentation April 2017 www.africanpetroleum.com.au
Company Highlights World Class Exploration Acreage Position Market Statistics (21-Apr-2017) Large acreage position in West Africa Margin: 4 countries, 8 licences Listing OAX (APCL) 7.4bn+ barrels net unrisked prospective oil resources…
Experienced Board & Management Team Jens Pace: CEO & Executive Director 30 years at BP, and heritage company Amoco, gaining E&P leadership experience in Africa, Europe and Russia Managed an active exploration portfolio for BP in North…
World Class Exploration Acreage in Proven Basins Net Prospective Oil Resources: 7.4Bnbbls SENEGAL Net Prospective Resources Surrounded by 1,779mmbbls Industry Activity 2 licences: 14,2162 (net) 90% WI CTE DIVOIRE Net Prospective…
Securing Licence Partners Cte dIvoire: Ophir Energy (Mar 2016) Completed New PSC negotiated for CI-513 licence in Cte dIvoire: better fiscal terms, lower holding costs and an extension to work commitments Ophir Energy holds a 45%…
Ayame-1X Exploration Well May 2017 Partners: Ophir Energy (Operator) 45% African Petroleum 45% Petroci (carried) 10% Rig: Seadrill West Saturn Target: Santonian & Turonian turbidite channel complexes Prospect size: 352MMbbls…
Share Price Performance 14 Months 10.00 Total volume traded (1 year): 137.5m shares (117% of issued capital) 7,000,000 9.00 Heads of Terms and 6,000,000 Exclusivity 8.00 Agreement for New Ophir Senegal & Gambia Energy PSC…
Recent Third Party Catalyst Activity WOODSIDE SENEGAL: KOSMOS ENERGY & BP (SENEGAL / MAURITANIA) announced Tortue-1: Apr 2015 made a significant, play-opening gas discovery that far acquisition of exceeded their pre-drill…
Great Time to Invest in Exploration The industry is benefitting from a significant decrease in prices for drilling rigs and seismic vessels Estimated well cost…
Prospects and Plays Pure play deep-water exploration Cte dIvoire to Sierra Leone: 2014-16: transformational exploration/appraisal in Senegal, Mauritania and Cte dIvoire CPR inventory is diverse and material Our large equity…
Cte dIvoire CI-509 and CI-513 Prospects: Cretaceous (post rift) Composite Amplitude CI-509 current phase Blue = shale expired; however, Yellow = sand MOU for new PSC under discussion with government 25 km CI-513: 45%…
Cte dIvoire Ayame West Prospect (CI-513) Ayame-1X well Drilling exploration well targeting 352MMbbls in May 2017 location Well-defined basin floor fan with excellent trap definition 3D basin modelling shows proven source rocks are…
The Gambia and Senegal Senegal ROP Senegal ROP and Gambia A1 & A4 current exploration phases have expired with Baobab extension/request to enter next phase under discussion with governments supported by 3rd party farm-in Heads of…
The Gambia A1 & A4 FAN-1 Discovery SNE 2,500km2 3D seismic acquired over licences Discovery Material discoveries by Cairn Energy in Senegal on trend with African Petroleum acreage Unrisked resource potential 3,079 MMbbls1…
Sierra Leone SL-03 & SL-4A-10 Prospects: Sierra Leone licences SL-03 & SL-4A-10 100% working interest in licences SL-03 & SL-4A-10 Licences covered by high quality 3D seismic Company portfolio comprises prospective and untested…
Conclusion: Value Creation (Near & Long Term) Assets Capabilities Diverse portfolio in 4 countries with Highly experienced management multiple prospects team 7.4 bnbbls+ net unrisked prospective Excellent relationships with host oil…
Advisers & Contact Details African Petroleum Corporation Ltd BROKERS 48 Dover Street Mirabaud Securities Limited (UK) London EAS Advisors LLC (New York) W1S 4FF Pareto Securities (Norway) T: +44 (0) 203 655 7810 AUDITORS F: +44 (0) 207…
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