Africa Oil Corp. Expanding Our Horizons A Lundin Group Company AOI TSX and Nasdaq Stockholm Corporate Presentation- Jan 2019 Turkwell River Northern Kenya - Rainy season 1
A New Dawn for Africa Oil An African Full Cycle Growth Vehicle with Production, Cash Flow, Huge Exploration Upside and a World Class Development Project 2
Nigeria Deepwater Production Acquisition World Class Oil Fields in Deepwater Nigeria Combined gross field production: 368,000 BOPD (2017) Combined gross field production expected to exceed Assets Location 550,000 BOPD once Egina…
South Lokichar Development Phases 3D Seismic Phase 3 (Contingent) Phase 2 (Contingent) Phase 1 (gross) (Firm) Discovered Fields Prospects (gross) Stratigraphic traps/ prospects (gross) 4
Kenya Development Moving Forward Technical Viability and Plan of Development Confirmed Partners and Government agree on phased approach, reservoir studies and early production/injection testing confirm reservoir deliverability…
New Exploration Portfolio Approach Portfolio approach allows Africa Oil to access a larger number of highly prospective blocks, for a low entry cost and limited future capital commitments 3-5 high impact, basin opening wells over…
Location of Exploration Blocks: Africa Energy, Impact & Eco Atlantic Africa Energy 80MM in carried expenses through first Eco (15%)-Guyana Impact Oil & Gas 2019 well Impact (20%)-AGC Prof. 6-7 wells Tullow-Operated Eco Atlantic…
Africa Energy (5% WI*)- Block 11B/12B, South Africa Five Giant Oil Prospects with Direct Hydrocarbon Indicators Pmean Resources of 1.9 Bbbl gross on 5 Paddavissie Prospects Paddavissie prospects contain flat spots and amplitude with…
Impact (20% WI*)- Namibia Basin Floor Fan Prospect Large basin floor fan supported by DHI seismic signature Multi-billion barrel potential (gross) in ultra deep water, Operated by Total Target spud for Venus Prospect: Q3, 2019 Kudu…
Eco Atlantic (15% WI*) - Guyana Offshore South America Orinduk Block- Tullow (OP) 60%, Total (25%), 2-2018: Total announces 35% Eco 15% Farmin to Canje block with Exxon (OP) JHI, Mid-Atlantic Emerging play with active exploration…
11 A New Day is Dawning For Africa Oil Goal is to create an integrated Africa based oil company with production and cash flow to fund the world class development /exploration projects already secured in our portfolio Completion of…