CORPORATE PRESENTATION 20th June, 2014 Version 18.3
Taipan Team: Key Management & Directors 130 years experience in international E&P Max Birley, CEO & Director Paul Logan, Exploration Manager Joel Dumaresq, CFO & Director 34 years international exploration & production experience 35…
The Past: What We Started With Management & Directors have 130 years of International E&P experience - at least 30 years focused on Africa Have created billion shareholder value Executive Management have discovered over 3,750 MMBOE…
July 2012 to Present: What We Have Delivered Acquired 2 blocks in Kenya Fourth largest, acreage holder in Kenya with 27,712 km2 The Region has estimated 20+ billion BO prospective resources. Lokichar proved up 2C Oil resources 600…
The Future: Where We Are Going Active work programme provides catalysts for investors Drilling Activity Africa Oil, Block 9, Sala Prospect, 402 MMBO Drilling Taipan Block 2B, Badada-1 spud Q4 2014, 251 MMBO Afren Block -1, Khorof or…
Does Kenyan Onshore Acreage Have Value Block 7/8 South Omo Marathon New Age Seller Buyer Blocks Gross (% ) mm Block 11A Taipan Tower 2B (15%) 11 Cepsa Swala Unknown 12B (25%) 18 Block 11B Bowleven EHRC CEPSA 11 (55%) 20 1A…
Surrounded By Success Proven Plays & Discoveries El Kuran El Kuran-3 Drilling testing Albert Basin 80% Success Rate Oil discovery & shows or Drilling Ngamia, Twiga; Drilling or Ekales, Etuko, Agete, planned Amosing and…
Block 2B:Comparison with Lokichar Basin Block 2B: Anza Basin Late Miocene Age Rift Lokichar - Late Miocene Age String Of Pearls Play Ngamia , Twiga & Ekales oil discoveries 0 20 Tilted Fault Block Play kilometres Etuku…
Block 2B: On trend from AOCs Block 9 BLOCK 9 Sala-1 Spud Q1 2014 100 km2 402 MMBO Basement Area Badada-1 Spud Q4 2014 43 km2 251 MMBO Anza Basement Basin Area 0 kilometres 50 9
Block 2B: Comparison of Kingfisher, Ngamia, Sala, & Badada NW Kingfisher-1 SE SW Sala-1 NE E Ngamia W S Badada N Top Auwerer Oil Zones Top Lokhone Shale Top Lokhone Ss Basement 1 0 10
Block 2B:Comparison of Ngamia-1 & Badada Prospects Gross Oil Resources E Ngamia W Top Auwerer Oil Zones Prospect 2C (MMBO) BE MMBO GCOS Ngamia 180 281 64% Top Lokhone Shale Badada - 251 30% Top Lokhone Ss Block 2B Badada…
Block 2B: PSC and Work Program Summary 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2nd Additional Initial Exploration Period & Extension 1st Additional Period 1 Well + 2D Seismic Period Seismic Acquisition + FTG Survey 2…
Block 1: Hydrocarbon Shows & Lead Inventory Mandera 400 sq km 3-way strat pinch-out field extension Western Flank 3/3 Successful Wells Onlap Stratigraphic 4 Documented Oil Seeps play El Wak Basin 400 sq km Centred Onlap…
Block 1: El Wak Prospect Summary 1954 Reconnaissance mapping Bur Wein Dome looking south: Note anticline at crest El Wak gravity high 1200 sq km Surface anticline in south Large surface anticline with Crestal seep in north…
Block 1: Khorof - Prospect Summary Depth 10km License Block 1, Kenya 50m CI Prospect Name Khorof Prospect Area 70sq km Target Reservoir Adigrat Sandstone Volume (risked/un-risked) 50/ 380 MMBO SW 4km Khorof 4-way dip closure NE…
Block 1: PSC and Work Program Summary 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Initial Exploration Period & Extension 1st Additional Period 2nd Additional Period Seismic Acquisition + Gravity/Magnetic Survey 1 Well + 3D…
Drilling Activity in Kenya El Kuran El Kuran-3 Drilling testing Albert Basin Block 1 80% Success Rate Khorof Prospect 390 MMBO Spud Next 12 months Block 2B Badada-1 251 MMBO Oil discovery & Spud Q4 2014 shows or…
Next Steps Africa Oil is drilling the Sala Prospect (65 mls from Badada) spudded Q1 2014. Expect an updated NI 51 101 on Block 1 with increased prospective resources Identifying additional Exploration Assets in Africa in order to…
Contact Information Max Birley, CEO Joel Dumaresq, CFO +254 705 643 745 (Kenya) +(604) 306 4000 (Canada) mbirleytaipanresources.com +(604) 336 3193 (Canada) jdumaresqtaipanresources.com 20
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