Investor Presentation May 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 400 Billion under management) with direct…
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).…
Whats Next Acquire 3D seismic data and drill appraisal well on OPL 310. Short Term On-going negotiations on marginal fields farm-in opportunities. 6 18 Months 8
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. OPL 310 3. List of Key Shareholders 11
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…
OPL 310: Prospects and Leads from 3D Seismic 14
OPL 310: Ogo well Previous predicted sequence 15
OPL 310: Syn-rift upside scenario 16
Top Institutional Shareholders Holdings as of January 31, 2014 17
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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