Investors

Africa Oil at a Glance

Market Cap

Market Cap

USD 391M 1

Pro Forma 2P Reserves

Pro Forma 2P Reserves

~81 mmboe 2, 3

2019 Entitlement Production

2019 Entitlement Production

~34 kbopd 3, 4

Equity Investments

Equity Investments

~USD 158M 1

2020 E&A Catalysts

2020 E&A Catalysts

3-5 wells

Fact Sheet

Shares Outstanding

471,214,419

Notes:

  • Market value as of 17 January 2020
  • Pro forma 2P entitlement reserves (unaudited, effective 31/12/2019) net to Africa Oil’s 50% interest in POGBV.
  • Please refer to slide 20 for important guidance notes on these items.
  • Actual production (Nigerian oil only) for the period 01/01/19 to 29/12/19.

Recent Achievements

  • Guyana: Tertiary Jethro and Joe oil discoveries
  • Kenya: First oil cargo exported and Heads of Terms signed
  • South Africa: Brulpadda discovery opens a new petroleum basin
  • Nigeria: Closed acquisition of interest in OML 127 and OML 130 producing assets

Asset Map

Asset Map

Transitioning to Full-Cycle E&P

Transitioning to Full-Cycle E&P

Stock Information

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Recent Reports

Quarterly Financial Reports and Annual Reports

2020
// See All

Unlocking Value

Kenya

Kenya

Move forward aggressively on development plan supported by the government of Kenya TOTAL and Tullow.

FID in 2H 2020

Nigeria

Nigeria

Acquisition closed. Release project third party valuation including reserves, production profile and cash flows.

South Africa & Namibia

South Africa & Namibia

Firm plan for four high impact wells.

South Africa: Firm Block 11B/12B drilling program (up to three wells) to commence in Q1 2020

Potential well on Block 2B, subject to a farmout

Namibia: Venus-1 well expected to spud Q2 2020

Guyana

Guyana

Two oil discoveries on the Orinduik block support follow-on appraisal and exploration drilling.

The nearby 3rd party Carapa (Cretaceous) well in Q4 2019

2020 appraisal and drilling campaign TBA following the analysis of data from Jethro and Joe discoveries and the currently drilling Carapa Cretaceous well.

Corporate Presentations

Corporate Presentations

Videos

Videos