SACOIL HOLDINGS LIMITED Building a Leading Pan-African Independent Oil & Gas Exploration and Production Company Dr Thabo Kgogo Chief Executive Officer November 2014
OUR OFFERING TO SHAREHOLDERS New Management Team Wealth of experience in the oil and gas sector and Africa with the right skills set and network to EGYPT Lagia Oil Field drive the company forward. New CEO has a strong Development…
OUR STRATEGY OBJECTIVE OUTCOME Balancing the Portfolio Shareholder Value Risk Management Strong Governance Growing the Portfolio Growth in Reserves and Production Focused on advanced assets Focused Investment Criteria…
STRATEGY IMPLEMENTATION ISO 31000 Corporate governance Operational Excellence and Financial Efficiency and best practice Presence across the E&P value chain Generate cash flows Growth Identify and acquire cash-generative…
ASSETS 6
EGYPT, LAGIA DEVELOPMENT LEASE Acquisition of Mena International Petroleum Company (Cyprus) owning 100% equity interest in the Lagia Development Lease, Egypt Total consideration of 14.1 million Effective price per Proven plus…
PROPOSED DEVELOPMENT PLAN Production target: 1 000 barrels of oil per day by end 2015 8
NIGERIAN ASSETS: ACQUIRED AND UNDER ACQUISITION OPL 233 Licence area: 126 square km block o Nigdel 60% (Operator), SacOil 20%, EER 20% One discovery on block, certified contingent resources AFRICA Acquiring 3D OBC seismic data…
DRC, EXPLORATION BLOCK III: OVERVIEW AND LOCATION LOCATION Licence area: 3 177 square km Located on the DRC side of the Albertine Graben Basin, part of the East African Rift System Block within proven petroleum system, on-trend…
MALAWI, EXPLORATION BLOCK 1: OVERVIEW AND LOCATION LOCATION Located in the north western part of Malawi bordering Tanzania to the north and Zambia to the west Licence area: 12 265 square km Located on-trend with the East African…
BOTSWANA, EXPLORATION LICENCES: OVERVIEW AND LOCATION LICENCE AREA 123/2013: 34 635 square km 124/2013: 10 664 square km 125/2013: 4 164 square km WORK PROGRAMME Three-year initial exploration period MINIMUM EXPENDITURE PER…
PROGRAMME FOR ASSET DEVELOPMENT SacOil Indicative Activity Schedule (1) OPL 233 3D Seismic survey (6) OPL 233 appraisal well(s) (2) Lagia field development acquisition (7) Block III seismic survey (3) Lagia production (8) OPL 281…
MOZAMBIQUE OPPORTUNITY Gas for the People Project SacOil, PIC and Instituto De Gesto Das Participaes Do Estado (IGEPE) entered into a Memorandum of Understanding (MoU), 31 March 2014. Construction of a gas pipeline from Mozambique…
FINANCIALS 15
STRONG BALANCE SHEET KEY ASSETS Significant growth in the balance sheet following the rights offer in January 2014 Net asset value of R969 million/R0.31 per share 16
KEY MESSAGES Dual-listed African independent oil and gas company effectively structured to take advantage of opportunities Offers exposure to discovered oil in the highly prospective East African Rift System Short production lead…
APPENDIX 18
OUR EXECUTION TEAM Dr Thabo Kgogo Chief Executive Officer Tariro Mudzimuirema Finance Director (Interim) Petroleum engineer Chartered accountant 12 years oil and gas experience ranging from exploration, appraisal and development…
ASSET SUMMARY ASSET VALUES BASED ON CPR VOLUMETRICS AND COSTS Country Block Unrisked Gross Chance of Risked Gross SacOil Risked Net Resources commercial Resources Interest Resources (mmboe) success (mmboe) (mmboe) 1P : 1.3 1P : 1.3…
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