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Afren (Presentation) - Proactive Investors

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Gabon: low cost exploration<br />

Area of<br />

Interest<br />

◦ 12.86% interest in Themis and Iris<br />

Marin<br />

◦ 20% interest in Ibekelia Study Area<br />

◦ Operated by Sterling Energy with<br />

partners Petro SA, Addax and Premier<br />

◦ Admiral prospect in Themis Marin to be<br />

drilled Q4 2007<br />

◦ Charlie prospect in Iris Marin to be<br />

drilled in 2008<br />

◦ Many other prospects/leads identified<br />

◦ Unrisked EUR: 240 mmbbls<br />

Source: IHS Energy, Company<br />

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

37

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