SacOil Holdings Limited AFRICAN INDEPENDENT UPSTREAM OIL & GAS COMPANY May 2012
SacOil: overview and interests SacOil is a dual listed JSE & AIM company whose remit is to build an African independent upstream oil and gas business with a balanced portfolio of assets in Africa. SacOil focuses on opportunities…
Management Team Robin Vela (40) Chief Executive Officer appointed 25/02/2008 Robin is the founding Chief Executive Officer of SacOil. Robin is a professionally qualified and experienced Investment Executive as well as a UK qualified…
Non Executive Directors Richard John Linnell (66) Independent non-executive Chairman appointed 19/09/2002 Richard Linnell is an experienced geologist, who has worked with various companies which now form part of the BHP Billiton…
Capital Structure Shares in issue* 893 689 516 Encha Group and Associates 25.71% Public Investment Corporation 1 17.75% Metropolitan Asset Managers 1 10.21% Key Investec Private Bank 1 3.22% Shareholders* Management 2.29% 1…
SacOil Interests 32% 68% 66.66% 18.34% 7
Block III: Location Licence area: 3,177 square km, unencumbered, uncontested title Located on the DRC side of the Albertine Graben Basin, part of the East African Rift System Presence of a Petroleum System has not been proven as…
Block III: Work Program Regional Summary Within the region proven resource discovered to date is estimated at 1,200MMbbls (P50 Contingent Resources): commercial threshold exceeded. Address said to have +2,500MMbbls potential…
Block III: Total Transaction BEFORE AFTER SacOil SacOil 50% 68% SacOil [Pty] Ltd DIG 50% (transfer rights under terms of PSC to DRC DIG 32% local company with same shareholding) SEMLIKI Energy SPRL Farm in fees OIL SEMLIKI…
Block III: Operational Plan 2011 Divestment to Total complete / DRC Approvals granted Inaugural Operating Committee meeting held in Kinshasa , 2011 work programme and budget agreed Satellite Imagery survey completed Environmental…
SacOil Nigerian Assets OPL 281 OPL 233 Proximity and location of OPL 233 and OPL 281 in relation to the prolific Niger delta OPL 233 and OPL 281 is under acquisition that will result in SacOil holding a 20 per cent…
OPL 281: Work Program Completed interpretation of existing seismic and well data Evidence of the existence of amplitude anomalies on seismic data Source: TRACS CPR; 2012 Completed modelling and planning of the 3D seismic…
OPL 233: Location 126 sq. km block Water depth of less than 30 ft. Adjacent to Apoi field (600 MMbbls) 103 ft. of net oil pay discovered in Olobia-1 OML141 Significant potential upside 200MMbbls 1 of reserves Risked Gross…
OPL 233: Work Program Completed interpretation of existing seismic and well data Completed modelling and planning of the 3D OBC seismic survey In the process of finalising 3D OBC contractor assessments and engagements Source:…
AFRICA: Current leads being evaluated Focus remains on optimisation of current assets, but SacOil continues to evaluate and seek further upstream assets on the African continent We are mindful of political risk but believe that our…
Schedule of Activities 2012 2013 2014 ASSET Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 OPL 233 Posting of Performance Bond OBC 3D seismic survey Interpretation of 3D & appraisal well planning Drilling of appraisal well Extended Well Test…
Conclusion Dual listed Africa independent upstream Oil & Gas company effectively structured to take advantage of opportunities. South African company with an African focus. Current asset base in DRC and Nigeria. Model for…
Appendices Appendix I : SacOil Story to date Appendix II : SacOil Strategy Appendix III : PRMS Classification Appendix IV: SacOil Projects Economics Appendix V: SacOil Resources Statement
Appendix I: SacOil Story June 2010 Sept 2010 Oct 2010 Oct/Nov 2010 Feb 2011 Mar 2011 Apr 2011 Jun - Aug 2011 Nov 2011 Jan 2012 Apr 2012 Farm-in External factors Completion Agreement for - AIM liquidity Appointment of J Public Listing…
Appendix II : SacOil Strategy Build Explore an African footprint with a balanced portfolio of assets early stage opportunities in Africa with low entry costs SacOil is the only JSE listed, independent upstream oil and Africa is highly…
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