IN POLE POSITION FOR THE RECOVERY SpareBank1 Energy Conference February 2021 A Lundin Group Company
FULL CYCLE AFRICA FOCUSED Africa Oil is a full-cycle E&P with producing and development PRODUCTION Nigeria Deepwater assets in deep water Nigeria, development assets in Kenya and an E&A portfolio in Africa and Guyana. DEVELOPMENT…
THREE MAIN PILLARS OF VALUE 1 Production and Cash Flow Prime Oil & Gas, Nigeria Deepwater 9-month (ending Sep2020) entitlement production of 35 kboepd and CFFO of 438.0m, net to AOCs 50% interest Combined debt repayments of 370m (50%…
NIGERIA KEY CASH FLOW GENERATING ASSETS Egina 50% shareholding in Prime Oil & Gas B.V. 3 of the top 5 oil producing fields in West Africa Akpo 430 kboepd aggregate production (Q320) Agbami Low opex 4.4 per boe 3
KENYA PROJECT REDESIGN FOR LOW OIL PRICES License extension to December 2021 allows evaluation and optimisation of development concept CAPEX OPEX lower analogue through fields economies support a of scale lower base Successfully…
COMMITTED TO EXPLORATION 2-3 Africa Oil has direct exploration interests in Kenya and South High impact Africa. Through its equity investments in Africa Energy, Eco exploration wells (Atlantic) and Impact Oil and Gas, it also has…
ESG ACHIEVEMENTS AND OPPORTUNITIES Lake Turkana Wind Farm Kenya Renewable energy investment opportunities including nearby wind and geothermal electric power projects for the South Africa South Lokichar field development Lodwar…
KEY FOCUS POINTS FOR VALUE CREATION STRATEGY Debt Repayment and Restructuring: Goal in to repay/replace Corporate loan by mid-2021 and extend tenure of POGBV facility by trade financing, bonds or license renewal as available Drill…
READER ADVISORY This document has been prepared and issued by and is the sole responsibility of Africa Oil Corp. (the Company) and and, as such, undue reliance should not be placed on forward-looking information. The Company assumes no…
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…
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