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AGM Presentation – Africa Oil Corp.

Africa Oil Corp. · Apr 21, 2020 · 19 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. AGM Presentation – Africa Oil Corp. – slide 1
    Resilience in Nigeria Egina FPSO Challenging Markets AGM Presentation 21st April 2020 A Lundin Group Company AOI TSX and Nasdaq Stockholm Kenya first oil cargo South Africa Deepsea Stavanger rig drilled the Brulpadda discovery…
  2. AGM Presentation – Africa Oil Corp. – slide 2
    COVID-19 IMPACT AND MEASURES Africa Oils utmost priority is the health and safety of its employees and contractors Two weeks before the lock-down started in the UK and Canada, Africa Oils staff were requested to work from home and…
  3. AGM Presentation – Africa Oil Corp. – slide 3
    AFRICA OIL AT A GLANCE Company Profile Core Asset: 50% shareholding in Prime Oil & Gas B.V. (Prime) Prime holds interests in two Nigerian deepwater licenses Three world-class producing fields Market Debt YE19 2020E 2020 E&A…
  4. AGM Presentation – Africa Oil Corp. – slide 4
    AFRICA OIL 2020 GUIDANCE AND FINANCIAL OUTLOOK Net to Africa Oils 50% Prime: Robust Balance Sheet 2019 2020E Shareholding in Prime1,2 (net to Africa Oils 50% Shareholding Working Interest (W.I.) Production (boe/d)3 25,650…
  5. AGM Presentation – Africa Oil Corp. – slide 5
    NIGERIA DEEPWATER PRIMES WORLD CLASS ASSETS Top 20 Producing Fields Cte d'Ivoire to Angola Asset Locations Egina: 166 kbopd (average rate with ramp-up for the period Jan-Aug 2019) the field has reached plateau rate of 200 kbopd…
  6. AGM Presentation – Africa Oil Corp. – slide 6
    PRIME A LEADING E&P COMPANY AMONG ITS LISTED PEERS 2019 Production 2019 Unit Operating Cost1 Africa Oil is a 50% shareholder in 35.00 180 FY'19 Average Daily Production (kboe/d) 160 30.00 one of the leading international…
  7. AGM Presentation – Africa Oil Corp. – slide 7
    OML 130 PRIMES FUTURE GROWTH OPPORTUNITIES Egina production ramp-up during last year increased Primes W.I. Egina Underpins Production Growth production for 2019 by 60% compared to the 2018 average Egina field is in harvest mode with…
  8. AGM Presentation – Africa Oil Corp. – slide 8
    KENYA 2019 WAS A GOOD YEAR CONTINUING TO PROGRESS1 Heads of Terms (HoTs) with government, covering various legal, tax, transportation and regulatory issues were signed in June 2019 Completed FEED studies for upstream and pipeline work…
  9. AGM Presentation – Africa Oil Corp. – slide 9
    AFRICA OIL ASSET LOCATIONS Africa Oil, Prime, Africa Energy, Impact and Eco Atlantic Eco (15%) Orinduik Block, Guyana Tullow-Operated Impact (20%)-AGC Profond Jethro and Joe heavy and high Sulphur oil discoveries. CNOOC-Operated AOC…
  10. AGM Presentation – Africa Oil Corp. – slide 10
    EXPLORATION PORTFOLIO CURRENT VALUATION 32% 18% 30% Shareholding Shareholding Shareholding USD 109m1 USD 42m1 Private Market Cap Market Cap Company USD 35m USD 7m USD 60m2 Net Value Net Value Net Value Primary value drivers:…
  11. AGM Presentation – Africa Oil Corp. – slide 11
    AFRICA ENERGY / IMPACT OIL & GAS SOUTH AFRICA Brulpadda, Block 11B/12B: major condensate and light oil discovery in proximity to existing infrastructure and market Significantly de-risked four Paddavissie and Deep Prospects Large…
  12. AGM Presentation – Africa Oil Corp. – slide 12
    IMPACT (20% WI1) NAMIBIA BASIN FLOOR FAN PROSPECT Large basin floor fan supported by AOC participating interest Isopach Map- Venus Prospect Basin floor fan DHI seismic signature AOC affiliate interest (Africa Energy and Impact) 600+…
  13. AGM Presentation – Africa Oil Corp. – slide 13
    PILLARS AND DRIVERS FOR VALUE CREATION NIGERIA KENYA E&A NEW VENTURES Africa Oils 50% South Lokichar project 3-4 near-term high Management believe that shareholding in Prime continues to present an impact exploration the Company…
  14. AGM Presentation – Africa Oil Corp. – slide 14
    AFRICA OIL ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) International Finance Corporation (IFC), part of the World Bank Group has been a major shareholder since 2015 - Africa Oil initially developed its internal ESG strategy and process…
  15. AGM Presentation – Africa Oil Corp. – slide 15
    AFRICA OIL SUMMARY Primes 2020 cash flow from operations is protected by an industry leading hedging position Current focus is on cost reduction and deferral of PRODUCTION discretionary CAPEX Nigeria Deepwater But expect cash…
  16. AGM Presentation – Africa Oil Corp. – slide 16
    Thank You For further information, please contact: Shahin Amini IR and Commercial Manager shahin.aminiafricaoilcorp.com +44 (0) 203 982 6800 Sophia Shane Corporate Development sophiasnamdo.com T: +1 (604) 806-3575…
  17. AGM Presentation – Africa Oil Corp. – slide 17
    READER ADVISORY This document has been prepared and issued by and is the sole responsibility of Africa Oil Corp. (the Company) and such information, such as market prices for oil and gas and chemical products, the Companys ability to…
  18. AGM Presentation – Africa Oil Corp. – slide 18
    READER ADVISORY Management believes that non-IFRS measures are useful supplemental measures that may assist shareholders and investors in assessing the cash generated by and the financial performance and position of the Company.…
  19. AGM Presentation – Africa Oil Corp. – slide 19
    APPENDIX NIGERIA RESERVES DATA (EFFECTIVE 31/12/2019) Summary of Oil and Gas Reserves Forecast Prices and Costs Total Barrels of Oil Light and Medium Oil Natural Gas Equivalent Gross Net Net Gross Net Reserve Category Gross…

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