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Etinde Farm Out Transaction – Bowleven Plc

Bowleven Plc · Jul 21, 2014 · 12 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. Etinde Farm Out Transaction – Bowleven Plc – slide 1
    Preliminary Etinde Results Farm-Out Presentation Transaction For the year ended 30 June 2013 21 July 2014 21 July 2014 Etinde Farm-Out Presentation 1
  2. Etinde Farm Out Transaction – Bowleven Plc – slide 2
    Lukoil and NewAge Transaction Consideration 170 million cash at completion (including approximately 5 million working capital adjustment to be finalised). Up to 40 million (net to Bowleven) carry for two Etinde appraisal wells,…
  3. Etinde Farm Out Transaction – Bowleven Plc – slide 3
    Lukoil and NewAge Transaction Information on Purchasers Lukoil One of the worlds leading integrated oil and gas companies. Accounts for in excess of 2% of global output of crude oil. Market capitalisation of 53 billion and listed…
  4. Etinde Farm Out Transaction – Bowleven Plc – slide 4
    Lukoil and NewAge Transaction Corporate Rationale Converting resources to reserves Etinde development Value-added partner with significant development experience. Facilitate progression of Etinde development plans. Enhance the…
  5. Etinde Farm Out Transaction – Bowleven Plc – slide 5
    Etinde Development Stage I - Fertiliser Etinde Exploitation Authorisation Application (EEAA) approved by Cameroon State June 2014. Formal decree to follow. Gas sales agreement (GSA) with fertiliser plant well advanced (20 year…
  6. Etinde Farm Out Transaction – Bowleven Plc – slide 6
    Intra Isongo Potential Material Upside IM-5 IM-5 well has considerably de-risked the Isongo play. Indicative appraisal Seismic response correlates with thick, reservoir quality 150m down-dip sands. A number of amplitude based…
  7. Etinde Farm Out Transaction – Bowleven Plc – slide 7
    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…
  8. Etinde Farm Out Transaction – Bowleven Plc – slide 8
    Bomono Update Operational Update Zingana pad complete Access routes complete. Moambe pad construction preparation commencing. Drilling camp construction underway. Vintage 2D Drill-to-earn arrangement with Fortesa; two well…
  9. Etinde Farm Out Transaction – Bowleven Plc – slide 9
    Bomono Exploration Zingana-1 Moambe-1 Zingana Moambe Prospect Associated Condensate Prospect Associated Condensate Oil mmbbls Gas bcf Oil mmbbls Gas bcf Unrisked Mean Gas bcf mmbbls Unrisked Mean Gas bcf mmbbls HIIP* HIIP* Tertiary…
  10. Etinde Farm Out Transaction – Bowleven Plc – slide 10
    Kenya Overview New hydrocarbon province. South Sudan 500 km 2D seismic Adamantine Energy/ Ethiopia Multiple oil discoveries to the south (Lokichar Basin). Bowleven (2014) High level of industry activity multi-well drilling…
  11. Etinde Farm Out Transaction – Bowleven Plc – slide 11
    Future Strategy Converting Resources to Reserves Etinde development Formal decree awarding the EEAA expected soon. Strengthened South Sudan balance sheet to provide financing flexibility Finalise gas sales agreement. for our share…
  12. Etinde Farm Out Transaction – Bowleven Plc – slide 12
    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 21 July 2014 Etinde Farm-Out…

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