Investor Presentation January 2014 Shaping the future of oil exploration in Africa
Who we are Founded in 2010. Africa focused exploration and production company. London Stock Exchange (AIM) listed with current market Background capitalization of 350M. Management team and Board with strong relationships and…
Corporate Strategy: Pan African Focus Dahomey Basin Niger Delta New Basins Exploit overlooked opportunities in new and existing basins 3
Corporate Strategy: Portfolio Approach 4
Management Team Lekan Akinyanmi, Executive Board Member Chief Executive Officer Formerly the international Energy Sector Head at AllianceBernstein L.P. (Global asset manager with over 400bn under management) with direct responsibility…
Assets: OPL 310 6
Assets: OPL 310 Dahomey basin block of 1900km2 size. Identified as a key target by LEKOIL-commissioned regional basin study. LEKOIL net recoverable resources from the Ogo field estimated Background to be 232 mmboe (P50).…
OPL 310: Prospects and Leads from 3D Seismic 8
OPL 310: Ogo well Previous predicted sequence 9
OPL 310: Syn-rift upside scenario 10
Whats Next Acquire seismic data and drill appraisal well on OPL 310. Short Term 6 18 Months On-going negotiations on marginal fields farm-in opportunities. 11
Whats Next Medium Term (18 to 36 Months) Long Term (36+ Months) Objectives 1. Grow production of acquired 1. On-going negotiations to acquire assets. IOCs divested stake. 2. Secure long-term debt financing. 2. Underdeveloped assets…
Whats Next Producing Assets Description Marginal Fields Attractive fiscal terms and quick cashflow. On-going negotiations on marginal fields farm-in opportunities. IOC Divestments Ongoing discussions to acquire IOCs divested…
Appendix 1. Board of Directors 2. Share Price Chart 3. List of Key Shareholders 14
Board of Directors Sam Adegboyega, Non-Executive Board Member Chairman Over 32 years of oilfield experience including working with Dowell Schlumberger in Iraq, Abu Dhabi, Venezuela, Canada, Syria, France and Nigeria. Founder and…
Board of Directors Gregory Eckersley, Non-Executive Board Member Currently the global head of the Abu Dhabi Investment Authoritys internal equities department where he oversees portfolios, risk management and the due- diligence…
Share price chart 75 70 65 60 55 50 45 40 35 30 05/2013 06/2013 07/2013 08/2013 09/2013 10/2013 11/2013 12/2013 Shares have risen over 65% since listing, and have outperformed the FTSE AIM All Share by 60%…
Top Institutional Shareholders YF Finance Holdings as of December 13, 2013 18
www.lekoil.com NIGERIA Contact Details 179A MOSHOOD OLUGBANI ST Lekan Akinyanmi CEO VICTORIA ISLAND, LAGOS lekanLEKOIL.com T. +234 1 277 0560 +16092338986 David Robinson CFO USA david.robinsonLEKOIL.com 116 VILLAGE BOULEVARD SUITE…
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