Preliminary Macquarie Results Explorers Presentation Conference Shareholders Regional Meeting For the year ended 30 June 2013 23 September London, 12 2014 January 2015
Company Overview Vision It is our vision to build an African focused exploration and production company which in time becomes renowned for its ability to consistently create and realise material shareholder value through…
Asset Overview - Balanced Portfolio Early Stage Exploration Development Blocks 25, 28 & 29 Block 11B Bomono Etinde Zambia Kenya Cameroon Cameroon . 3 blocks covering Three blocks3 covering Block 11B onshore Kenya Onshore…
Etinde Farm-out Transaction Transaction Overview Farm-out of 40% interest (post government back in) in Etinde to LUKOIL and NewAge. Remaining condition to transaction completion is the gazetting of the signed Presidential…
Etinde Development Exploitation Authorisation (EA) awarded July 2014. ** IM-5 Well Results EA gives development and exploitation rights over block MLHP-7 for an initial period of 20 years. Condensate-rich gas flowed IM-5 on…
Etinde Development Stage 1 - Fertiliser Sufficient gas volumes to support fertiliser plant. Dry gas to fertiliser plant: 70mmscfd. Gas sales agreement (GSA) negotiations well advanced (20 year supply). Initial liquids…
Etinde Development Further Opportunity Indicative Supply Profile including CLNG Further drilling planned to prove up additional resources. Additional gas offtake solutions being considered. EEAA includes full field…
Intra Isongo Potential Material Upside Access through transaction to drill two appraisal wells. Drilling IM-5 expected to commence H2 2015. IM-5 well has considerably de-risked the Isongo play. Seismic response correlates with…
Intra Isongo Potential Intra Isongo Amplitude response indicates sandstone distribution. Depositional systems revealed, wide extent. Relationship with IE / ID field discoveries being examined. Hydrocarbon fluid samples at…
Bomono Operational Update Rig contract signed with Fortesa for two well exploration programme. Rig has been mobilised to Cameroon. Conductor driven, rig assembly underway with spud Vintage 2D to follow. Seeps Identification…
Exploration Targets Oil Potential SW Zingana-1 Moambe-1 NE Focused on the deeper D&E sands. Bo-03 (yellow) Zingana and Moambe targeting medium risk 50-100mbbl* gas in B & C sds STOIIP pools (P50-Mean range) in each sand. Oil…
Kenya Overview New hydrocarbon province. South Sudan Ethiopia Multiple oil discoveries to the south (Lokichar Basin). High level of industry activity multi-well drilling campaigns ongoing and infrastructure planning underway…
Kenya Block 11B FTG Results NE gravity low possible sub-basin to the South Omo Basin. 2014 field work and interpreted FTG results has greatly increased the geological understanding of the area. Greatly assisted in the design…
Zambia Overview Luangwa Valley Karoo basin total area 42,000 km. Five blocks applied for: Three blocks awarded (25, 28 and 29) 16,250km and applications for two blocks pending (26 and 27). Previous exploration 1980s (Placid)…
Funding Overview Current Portfolio Fully Funded Cash at end December 2014 7 million, no debt. Use of Transaction Proceeds Disciplined Capital Approach Use of Transaction Proceeds 30 million bridge facility available and undrawn…
Conclusion Strengthened balance sheet post completion of Etinde farm-out. Balanced portfolio. Accelerated appraisal of the extensive Intra Well-positioned to both fund our Isongo reservoir interval. share of Etindes ongoing…
Principal Contact: Kerry Crawford Tel: +44 131 524 5678 Kevin Hart Tel: +44 131 524 5678 infobowleven.com www.bowleven.com Bowleven Plc. The Cube 45 Leith Street Edinburgh EH1 3AT United Kingdom
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