Key Highlights 2C Contingent Resource of 801mmboe(1) (post Tanzanian farm-down) 16 TCF (gross) discovered in Tanzania Blocks 1, 3 and 4 c2.6 TCF (gross) discovered in Equatorial Guinea Block R Successful sale of 20% of Tanzania…
Strategic focus Currently Future E&A will continue to be the companys primary focus Focus on E&A Not averse to holding producing assets to help provide cashflow sustainability Offshore, deepwater basins are expected to be the…
Ophir Business Model Focused on maximising Returns on Investment Exploration and appraisal: High-risk high-reward, rapid value accretion in the exploration and appraisal phase Pre-drill farm-out opportunities to manage risk…
2014 Drilling Programme(1) Several play opening wells being drilled Pmean CoS 2014 2015 Ophir Country Block Name Well Name (MMBOE)(3) (%) Q1 Q2 Q3 Q4 H1 WI Gross Net Gabon Ntsina Padouck Deep x Tanzania Block 1 Taachui Gabon…
Expanded Gabonese position Multiple plays, high-impact drilling during H1 2014 Legend The permits are located in the North Gabon basin, proximal to Play 1: Pre-Salt significant oil discoveries Play 2: Deep-water Play 3:Ogoou…
Schematic section Gabon Ntsina & Mbeli, A3-A4 Petroleum System Legend Oil Prospect Potential hydrocarbon reservoir S Mature source rock (oil) Oil migration pathway Deepwater Play Pre Salt Play S S S S S S Maastrichtian…
2014 Exploration: Padouck Deep-1 N Padouck Deep-1 S Padouck Deep-1 first pre-salt test in deepwater North Gabon Basin Sand-prone section at Encountered thicker than expected reservoir quality sands, 500m crest of horst block salt…
2014 Exploration: Okala-1 Okala-1 Okala Okala-1 Okala N S W E Surface Location: Inline 2271 Xline 4986 WD (m) 790 X 461631 Y 10000222 Lat 00 00 07.23S Long 08 39 18.68E TD (mSS) 4,700 CoS 23% Recoverable Res Est P90 Mean P10…
Pre-salt follow-up potential Significant upside on success B Seafloor Further leads and prospects have been identified on Miocene Unc the Stenella 3D L Eocene Unc Top Turonian The remaining leads identified have estimated total…
Blocks 1,3 & 4 Overview Over 16 TCF discovered to date, underpins 2 Train LNG project Fourteen out of fourteen successful exploration and appraisal wells drilled by Ophir/BG JV since 2010 Discovered resource now in excess of 16 TCF…
Remaining Prospectivity Upside of 50 TCF remains in higher-risk plays 2014 drilling programme Discussions ongoing with BG over the forward exploration and appraisal programme, now likely to be 3 wells in 2014 - Block 1 Taachui…
2014 Exploration: Kamba Near Field Block 4 Exploration Kamba/Pweza North Possible Kamba 1 WD (m) 1,350 Pweza North TD (mSS) 4,000 CoS Kamba/Pweza N 34%/90% Chewa Recoverable Res Est P90 Mean P10 (Primary Targets) Kamba Gas (BCF) 62…
Tanzania LNG: Positioned for Success World scale resource with partner alignment 16 TCF 2C recoverable resource discovered across Blocks 1, 3 and 4 sufficient to underpin a two- World Class train LNG project Resource Base Significant…
East Pande Overview Greatest potential for liquids offshore Tanzania Ophir has a 70% operated interest in the Viazi Ndimu East Pande PSA with Rak 30% PMean 1.5 TCF Pmean 0.9 TCF Covers an area of 3,250km2 in water depths up to…
2014 Exploration: Tende Primarily prospective for gas, but could have liquids potential Tende Prospect Transgressive sand Canyon backfill WD (m) 680 TD (mSS) 4,200 +ve AVO Expression CoS 15%(1) Primarily prospective for gas but…
Tende to Jodari Tieline Calibrated amplitude response to outboard discoveries A B Jodari North Discovery Jodari Tende Discovery Prospect Taachui Discovery A Mzia Discovery B 35-45 Degree Far Offset Stack Ndizi,…
Kenya overview Increasing industry activity, but mixed results to date Oil Shows at Kubwa (May 2013) Somalia First offshore discovery in Mbawa-1 2012 Licence Area by Apache, small (53m net) but Kenya Pomboo-1 L21 proves play…
Schematic section Kenya Block L9 Campanian Sands in stratigraphic traps on Mbawa High Simba Graben Cretaceous sands in combined stratigraphic-structural traps Miocene carbonate build-ups in structural and stratigraphic…
Potential Inboard Oil Play BGs Sunbird-1 well first key test of the play Miocene Build-up Fairway and Portfolio Miocene Build-up: Tana Lead N S Miocene build-up oil Outboard gas Miocene prone leads trend Build-up Miocene…
Equatorial Guinea Block R Overview 2.5-3.0Mtpa FLNG development, added upside potential from a deeper liquids play Ophir Energy holds an 80% Interest in Block R, which is 2,450km2 in water depths from 600m- 1,950m Located in south…
Schematic section EG Block R Seven biogenic gas discoveries to date totalling 2.6 TCF 2C contingent resources An additional 2.0 TCF of low risk prospective resources Evidence for deeper thermogenic liquid potential, which will…
2014 Exploration: Silenus East-1 Expected to increase discovered gas resource, test the deeper liquids play Xline through Silenus East Silenus East Prospect WD (m) 1,450 TD (mSS) 3,390 CoS (Gas Target/Oil Target) 69%/13% Recoverable…
2014 Appraisal: Tonel North-1 Increase 1C resource estimate Tonel 10.5Ma Top Reservoir Depth Map Tonel Discovery WD (m) 1,648 Tonel North-1 TD (mSS) 2,800 CoS N/A Recoverable Res Est 1C 2C 3C (Primary Targets) Gas (bcf) 700 814…
2014 Appraisal: Fortuna-2 Prove commercial flow rates & increase 1C resource estimate Random line through Channel, F-2 & FE-1 Fortuna Discovery Fortuna-2 WD (m) 1,813 TD (mSS) 2,551 CoS N/A Recoverable Res Est 1C 2C 3C (Primary Targets)…
FLNG Significantly boosts project NPV Why FLNG Project Schematic Faster route to market Lower cost of production compared to terrestrial LNG train, leased vessel Flexible field development, staged upstream capex Expandable vessel…
EG FLNG - Commercialisation Value Chain Upstream Midstream Downstream LoI signed with Petrofac to act as Shortlisted vessel providers Ophir and Ministry to commence Sign MOU with midstream partners Milestones Near-Term…
New licence acquisitions Myanmar offshore licensing round Myanmar Awarded a 95% interest in Block AD-03 Located in the Rakhine Basin on trend with the 9+TCF Shwe gas field Initial exploration period c.2 years. Re-processing 2D…
Contact: Richard Rose Corporate Communications & Strategy Ophir Energy plc Tel: +44 (0)20 7811 2473 Email: richard.roseophir-energy.com 30
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