Growth Strategy for Horn East African Tertiary Rift system African Exploration Focus East African Tertiary Rift- initially Company Acquisitions Farmouts Direct Government Negotiations Additional areas of Africa to follow…
Summary of Nugaal & Dharoor Blocks Puntland, Somalia Horn Petroleum (Operator): 60% Red Emperor: 20% Range Resources: 20% Drilled two wells in 2012 in Dharoor Block Entered Second Exploration Period in October, 2012 2014 Work…
Well Developed Rift Basins on Horn Blocks as seen on Gravity Data Dharoor Nugaal 4
Jurassic Rift Exploration, Puntland Somalia Prolific, proven play in Yemen appears Shabeel 1& 2 to extend into Puntland, which shares a common geologic history Shabeel 1, 2 Two wells drilled/operated by Horn Petroleum in Dharoor…
Shabeel Wells Seismic SW Line AOC-08-052 NE EAR Unconf Taleh Mrkr Auradu Mrkr Jesomma Intra Gumburo Mrkr Qishn Both structures had considerable residual oil shows and appear to have been breached. 6
Additional Seismic Needed in Dharoor LEAD D Eastern Shabeel LEAD C Leads LEAD B Wells LEAD A 0 20 km Need to find a trap which has not been breached 7
Political up-date New Somali Federal government was only established in September 2012. President, Prime Minister and Government establishing authority and developing governance structures. Emerging federalism and insecurity across…
East African Tertiary Rift Play Remainder of Western Branch East African Tertiary Rift system Early stage Burundi exploration activity Tanganyika on Lakes Tanganyika, Rukwa, Tanzania and Nyasa DRC Rukwa Multiple opportunities in…
Community Engagement Risk Management and Value Creation Horn is committed to addressing the challenge of sustainability - delivering value to our shareholders, while providing economic and social benefits to impacted communities and…
Summary Horn has proved up a working petroleum system in Puntlands Dharoor Block with two wells. Need to find traps which have not been breached. Horn has entered the second exploration period in both Puntland assets and is seeking…
Horn Has A Strong Management Team Keith Hill, Chairman of the Board of Directors Previously Mr. Hill was founder, President and CEO of Valkyries Petroleum Corp., a publicly traded oil and gas company which was the subject of an 800…