Corporate Snapshot Market Sta,s,cs (28.10.14) Signicant acreage holder in West African Lis,ng OAX (APCL) Transform Margin (4 countries, 8 licences) NSX (AOQ) 5.2bn+ barrels unrisked oil resources* No. of Shares on Issue…
High Success Rate in our West African Focus Area 2010 - 2014 30 Discoveries 2014 - 2016 63 Wells Planned Historic APCLs 2014 Totals 12 Wells drilled Opera.ons Countries 4 Sierra Leone 73% Explora,on Success…
Net Acreage Posi.on in Deep-Water Rela,ve to other Listed Operators in West Africa Operators Liberia - Ra,ed 2008 Sierra Leone Ra,ed 2011 Operated oshore acreage in km2 No. 1 Operated oshore acreage in km2 No. 1…
Strategic Plan The Way Forward Current 2014 Future 2015-2016 Long Term 2017-2018 Objec.ve: Consolidate Posi.on Objec.ve: Develop Our High- Objec.ve: Assuming Success, New Management & Poten.al Assets Commercialise & Expand…
West African Transform Margin - Pordolio & Plays Our CPR Inventory has a range of technical maturity but is diverse and material Our large equity posi,on provides room for partners in the transforma,on Commercial Threshold 100…
African Petroleum Corpora.on Pordolio 2011 2014 Current Material growth in our prospect inventory since 2011 Three discoveries made by Cte others during 2014, two dIvoire discoveries in Senegal approx. billion barrel plus…
2014 Third Party Catalyst Ac.vity COP & SOSP: Kosmos farm-in with Timis Corp for 60% equity* Sangomar: Cairn/CoP/FAR FAN-1 well : 500m oil column, 28-41 API 29m net pay. SNE-1 well (s,ll drilling): Albian 95m Gross Column (incl…
Liberia LB-08 and LB-09 ASrac,ve early mover scal terms Key Key Prospect appraisal 4 discoveries in the Key Liberia Sierra Leone Prospect basin by others Narina-1 oil discovery in LB-09 New Firench prospect…
Liberia LB-09: Narina West Appraisal Prospect Narina West Narina-1 found 31 metres net pay Turonian Block LB-09 and underlying Albian reservoirs (38-40 API) Licence Area 2,634km2 Lateral limit dened by stra,graphic pinch-out…
Cte dIvoire CI-509 and CI-513 High quality proprietary 3D seismic. New PSDM delivered in March 2014 April 2014 Total oil discovery at Saphir-1XB, Block CI-514, 40m net oil pay 34 API Developed a deeper & expanded inventory post…
Cte dIvoire - Turonian Basin Floor Fans (at one of three mapped Turonian levels looking from SE to NW at the Top Turonian) Terrace feeder Updip trapping prospects fault Well dened feeder canyons Block CI-514 Total…
Cte dIvoire CI-509 Agnby Prospect Agnby Block CI-509 License Area 1,091km2 Water Depth 2645m Play Fairway Santonian/Turonian and Cenomanian Mean Prospec.ve *414 MMstb Net Unrisked (Turonian only) Resources Santonian…
Sierra Leone SL-03 and SL-4A-10 Block SL-03 covered by 3D seismic, SL-4A-10 3D seismic now being acquired Prospec,ve at Altair Djemba mul,ple levels within the Cretaceous Vega On trend with oil discoveries 3…
Sierra Leone SL-03/04: Vega Lead Lead Vega Block SL-03 & SL-4A-10 N License Area 5,855 km2 A Water 3,500-3,800m Vega Depth N A Top Campanian Depth Structure Play Fairway Campanian/Turonian/ SW N Vega Lead…
Senegal ROP and SOSP Kosmos farm-in Timis High poten,al fron,er explora,on area Corp in 2 blocks. Acquiring Broadband 3D with Dolphin * Industry drilling ac,vity on trend in 2014 Sangomar (Mauritania, Senegal, AGC)…
Cairn/FAR/CoP discovery is analogous to African Petroleums Senegal acreage * X FAN-1 Reprocessed 3D to X be delivered 10/14 FAR/COP/Cairn Y Y ROP License X X Y Y SOSP License SOSP Slope fan systems…
Second Cairn/FAR/CoP discovery at SNE-1 also analogous to African Petroleums Senegal acreage * * ***Ini,al SNE-1 well indicates: 95m gross oil bearing column with a gas cap Excellent net oil pay of 36m Oil of 32 degrees API…
Poised to Recommence Drilling Ini.al Renancing Private Placement (20m Feb 2014) Value Growth through Partnering and Drilling Programme Execu.on Public Lis,ng on new exchange and new fundraising Value Ini.al Partnering Drilling…
Forward Business Plan and Work Programme* 21 2014 2015 2016 2017 Liberia LB-08 [PSC] Liberia LB-09 [PSC] Cote dIvoire CI 513 [PSC] Cote dIvoire CI 509 [PSC] Senegal ** ** ROP [Royalty Tax] Senegal SOSP…
Signicant Milestones Achieved in 2014 Further Farm out CI-509 with Farm-outs Buried Hill Licence Extensions Order well heads for Q3 2015 drill campaign New New List on OAX Management Strategy Raise Capital Acquire 3D…
Conclusion: Value Crea.on for the Near and Long Term Valuable Assets Aligned Capabili.es 5.2bnbbls+ net unrisked prospec,ve Members of APCL technical team oil resources were part of Hess team and their 12+ drillable prospects…
Appendix: The Execu.ve Team Stuart Lake Jens Pace Stephen West Michael Barrer CEO and Execu,ve Director COO Finance Director Explora,on Director Over 28 years of experience in 30 years at BP and its Over 20 years of nancial Over…
Appendix: Strategic Steps to Success Focus on High Large volume, Impact plays Explora.on moderate risk, Oil rich prospects Led New strategic partners 3D seismic & derisking and host Governments Partnering Leveraging…
Appendix: African Petroleum Corpora.ons Value Cycle 28
Appendix: Financial Strategy SNAPSHOT Broaden the sources of funding for the Cash (30 June 2014) Company whilst ensuring an appropriate Unrestricted = US16.6m capital structure, in order to support the Restricted = US12.1m Groups…
Appendix: African Petroleum Corpora.on Net Acreage Comparison Gulf of Mexico and North Sea 30
Appendix: Opera.onal Timeline: History and Outlook Control Over Direc,on & Execu,on of Explora,on Strategy Control Over Direc,on & Execu,on of Explora,on Strategy West African Focus Africa & Beyond FIRST OIL* Seismic…
Appendix: Country Prole Cte dIvoire Liberia GDP Projected Growth (14): 9.8% GDP Projected Growth (14): 5.4% Popula.on (12): 20.6m Popula.on (12): 4.2m Popula.on Growth Rate: 2.2% Popula.on Growth Rate: 2.6% Main Exports: Cocoa, coee,…
Appendix: Applying Industry Leading Technology Seismic Acquisi.on and Processing High quality 3D seismic data acquisi,on from leading contractors (high resolu,on 3D planned) PSDM volumes executed for Liberia and Cte dIvoire and…
Appendix: Block LB-08 & LB-09 Main Prospec.ve Play Fairways Bee-Eater-1 Apalis-1 Bee-Eater Fairway: Tested by Narina-1 (oil) Narina-1 Sedimentary source Bee-Eater-1 (shows) and * (blue arrows) Iroko-1 Apalis-1…
Appendix: Recent commercial discoveries in Ghana look analogous to Liberia Blocks LB-08 and LB-09 Hess: Ghana Hess Ghana Discoveries Graphics source: 20th Africa Oil Week Presenta,on, 29.11.2013 Pecan 1 encountered 75m…
Appendix: Cte dIvoire CI-513 Ayam Prospect Prospect Ayam/ Ayam West Block CI-513 License Area 1,446km2 Water Depth 900-3150m Play Fairway Turonian Mean Prospec.ve Unrisked 922* MMstb Resources Ayam/ Ayam West B B B…
Appendix: 14% shareholder in Interna.onal Petroleum Niger Licences Savannah FTG Technology used Petroleum Four CNPC by Tullow in Uganda Signature Bonuses White discovered and Africa Oil in 34 Million USD Blocks IOP 800MMbbls P2 Kenya…
Appendix: Corporate Social Responsibility, examples in ac.on Sightsavers Gbowee Peace University of Liberia Student Founda.on Computer Lab Sponsorship APCL sponsored with Nobel trainees will deliver Worked laureate to…
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