Afren (Presentation) - Proactive Investors

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Okoro Setu: FDP approved ◦ Water depth of 50 ft ◦ 12km offshore Setu ◦ Initial development plan - 5 high angle wells Okoro Wellhead platform 3 Phase Production Flowline Export Tanker ◦ Gravel pack completions for sand control ◦ FPSO moored 1km south of field for crude processing 3 Phase Test Flowline Gas Lift Flowline FPSO With Gas Lift www.Afren.com - October 2007 16 Source: Afren
Okoro Setu: success breeds success Q2 06 Q3 06 Q4 06 Q1 07 Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Agreement with Amni Rig contract for development drilling secured Appraisal drilling RBL facility / certified reserves FDP approval FPSO secured Long lead items Development drilling First oil Peak production Complete In progress www.Afren.com - October 2007 17 Source: Afren
Page 1 and 2: Canaccord Adams Global Energy Confe
Page 3 and 4: Agenda ◦ A unique African proposi
Page 5 and 6: The Premier African E&P Independent
Page 7 and 8: A track record of delivery Afren Sh
Page 9 and 10: Rapid portfolio expansion Ofa Eremo
Page 11 and 12: Production growth forecast 90 80 Af
Page 13 and 14: Production Divider Slide growth
Page 15: Okoro Setu: background 3D view of O
Page 19 and 20: Okoro Setu: FPSO secured Armada Per
Page 21 and 22: Okoro Setu: community relations ◦
Page 23 and 24: Marginal field strategy: Eremor dev
Page 25 and 26: Exploration portfolio - summary NIG
Page 27 and 28: 2007/08 key objectives Achieved Oko
Page 29 and 30: Appendix Divider Slide
Page 31 and 32: Executive management Osman Shahensh
Page 33 and 34: Nigeria: Ogedeh development Explora
Page 35 and 36: Congo: La Noumbi - high impact expl
Page 37 and 38: Gabon: low cost exploration Area of

Afren (Presentation) - Proactive Investors

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