|SpareBank 1 Markets AS||Teodor Sveen Nilsen|
|RBC Capital Markets||Al Stanton|
|BMO Capital Markets||David Round|
|Renaissance Capital||Nikolas Stefanou|
|Peel Hunt||Matt Cooper|
Please note that any opinions, estimates or forecasts regarding the performance of Africa Oil made by these analysts are theirs alone and do not represent the opinions, estimates or forecasts of Africa Oil or its management. Africa Oil does not by its reference above or distribution imply that it analyzes or approves of such information, conclusions or recommendations.