www.energulf.com CORPORATE PRESENTATION TSX: ENG 1 JANUARY 2014 Frankfurt: EKS
DIRECTORS & OFFICERS JOHN D. ELMORE ANU DHIR Director & President Director Bachelor of Business Administration in Accounting from Texas Tech University in 1981 Managing Director of Miniqs Limited, a private group primarily focused on…
INVESTMENT HIGHLIGHTS ACTIVIST BOARD IN PLACE Create and implement new business plan Create and implement new business plan Upgrade technical and nontechnical team Cost discipline and corporate restructuring WORLD CLASS HYDROCARBON…
PROJECTS LOTSHI BLOCK OVERVIEW 507 km2oil concession located 35 km onshore DRC with 313 million BOE(1) Prospective Oil Resources from structural traps (exclusive of inversion traps Wash) Located in the Congo Basin (a Rift Basin)…
PROJECTS LOTSHI BLOCK HISTORY 507 KM2 LOTSHI BLOCK 507 KM LOTSHI BLOCK Originally held by a Fina/Shell consortium in the 1970s and 80s Conoco also held an interest in the 1990s Forabola 1 well is the only well on the block, drilled in…
PROJECTS LOTSHI BLOCK GREAT LOCATION PROVEN HYDROCARBON AREA M BOUNDI FIELD MBOUNDI FIELD NGANZI BLOCK NGANZI BLOCK Operator : ENI Operators : SOCO 65%, Inpex 20% & 50,000 bbls/oil/day production Cohydro 15% carried 1.4 billion…
PROJECTS LOTSHI BLOCK PROSPECTIVE RESOURCE RESERVES(1) GROSS PROSPECTIVE OIL RESERVES SUMMARY MEAN ESTIMATE P10 AGGREGATE PROSPECTS MEAN ESTIMATE (MMBO) 313 MM BOE 429 MM BOE DALLAS 67 DURANGO 28 313.12 HOUSTON 34 428.6 I35 18…
PROJECTS BLOCK 1711 PROSPECTIVE RESOURCE RESERVES(1) MEAN ESTIMATE GROSS PROSPECTIVE OIL RESERVES SUMMARY 3,166 MM BOE PROSPECTS MEAN ESTIMATE (MMBO) ( ) PALEOCENE EOCENE TURBIDITES 2,067 3,166 6,108 EARLY CRETACEOUS…
LOTSHI TECHNICAL TEAM GREGORY A. WILSON DR. YVES NEUVILLE S i l G l i l Ad i Special Geological Advisor Special Advisor to Chairman and CEO Special Advisor to Chairman and CEO Former advisor to Minister of Industry, Budget Bachelor of…
LOTSHI FARMOUT PROCESS Retained industry leader Moyes & Co. www.moyesco.com Boutique firm specializes in oil & gas farmout, mergers and acquisitions g q and financial transactions Chris Moyes, Principal, lead advisor to…
LOTSHI PATH TOWARD PRODUCTION 2Q14 3Q14 4Q14 2Q15 3Q15 3D SEISMIC & INTERPERTATION SECURE FARM- OUT PARTNER EXTEND DRILL 2-3 EXPLORATION APPRAISAL LICENSE OR WELLS AND 2-3 APPLY FOR EXPLORATION COMMERCIAL WELLS DRILL 2-3 23…
CAPITAL STRUCTURE TORONTO LISTING ENG FRANKFURT LISTING FRANKFURT LISTING EKS PRICE C0.22 52 WEEK HIGHLOW C0.14C0.37 SHARES OUTSTANDING 80.7 million OPTIONS & WARRANTS ( 0.35 0.69) 17.2 million MARKET CAPITALIZATION C17.75MM CASH C1.1MM…
RISKS & MITIGATION RISKS MITIGATION Funding Drilling Program in Lotshi Seek farmout partner for 2 3well program Political & Licensing Seek to extend license prior to drilling program and/or with signing of farmout agreement Country…
REPORT CARD JOIN BOARD OF DIRECTORS COST & SPEND DISCIPLINE RETAIN MOYES & COMPANY CLOSE NONBROKERED CLOSE NON BROKERED PRIVATE PLACEMENT PRIVATE PLACEMENT SIGN CONFIDENTIALITY AGREEMENTS & DATA ROOM MEETINGS MEET NEW…
INVESTMENT RECAP WORLD CLASS EXPLORATION TARGETS Proven Hydrocarbon area Elephant Hunting STRONG TEAM WITH SKIN IN THE GAME Majority shareholder Majority shareholder Leading industry talent to aid management LOW BURN RATE 1.2…
APPENDIX CORPORATE DEVELOPMENTS 2003 2005 2007 2008 2009 2010 2012 2013 Company MOU signed on 8.8 Million Private Exploration License ENG appointed Block 1711 recieves Granted 15% reorganized as Lotshi Block Placement Closes received…
APPENDIX COST DISCIPLINE & SPEND REDUCTION MONTHLY COST BREAKDOWN BEFORE & AFTER NEW BOARD 140,000 120 120,000 000 100,000 80,000 60 000 60,000 40,000 20,000 INVESTOR LEGAL, DRC LOCAL NAMIBIAN LOCAL G&A…
APPENDIX TECHNICAL TEAM EXPERIENCE WEST AFRICA EXPERIENCE Billion barrel discovery (Zafiro) in Equatorial Guinea Development experience at Zafiro and Alba (Equatorial Guinea) Successful bid in Nigeria License Round Development…
APPENDIX NAMIBIA TECHNICAL TEAM WILLIAM BRUMBAUGH DR. JAMES EDWARDS Drilling Manager Exploration Advisor 34 years international experience West Africa Region Coordinator & Chief Formerly Triton Oil Geophysicist for Conoco 17 years…
APPENDIX FISCAL TERMS DRC Fiscal Terms Namibia Fiscal Terms 9% Royalty on first 4 MMBO, 12.5% thereafter 5% Royalty Exploration License Duration of 5 Years with 5 Year Exploration License Duration of 4 Years with 4 renewal Year…
APPENDIX WEST AFRICA & BRAZIL GEOLOGICAL CONNECTION Available data today, mostly provided by 3D seismic, oil and source rock geochemistry, and 3D basin modeling reveals a close match between the South American and West African margin…
APPENDIX WEST AFRICA MAJOR PLAYERS COMPANY NAME AREAS OF OPERATION ANADARKO PETROLEUM GHANA, COTE DIVOIRE, SIERRA LEONE, MOZAMBIQUE TULLOW OIL GABON, GHANA, UGANDA, SL, TANZANIA COBALT INTERNATIONAL ANGOLA, GABON KOSMOS ENERGY…
APPENDIX CONTACTS ANU DHIR JOHN D. ELMORE PETER GIANULIS anuenergulf.com johnenergulf.com peterenergulf.com + 1 (416) 270 9240 + 1 (512) 838 1183 + 1 (786) 252 4948 + 1 (512) 480 8056 www.energulf.com 27
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