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Afren (Presentation) - Proactive Investors

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The Premier African E&P Independent<br />

The management team to deliver new African oil<br />

◦ Preferential access, delivery and execution<br />

◦ Track record: 11 assets in 5 countries<br />

Strong production growth profile<br />

◦ 15-20,000 bopd by mid 2008<br />

Material high impact reserves growth<br />

◦ NSAI 2P certified (32 mmbbl); FDP (42 mmbbl)<br />

◦ 120 mmbbl unrisked resources<br />

Strong financial position<br />

◦ US$96.1 mm net cash<br />

◦ US$200 mm non-recourse debt facility<br />

www.<strong>Afren</strong>.com - October 2007<br />

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