Afren (Presentation) - Proactive Investors
Afren (Presentation) - Proactive Investors
Afren (Presentation) - Proactive Investors
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A track record of delivery<br />
<strong>Afren</strong> Share Price (p/sh)<br />
90<br />
85<br />
80<br />
75<br />
70<br />
65<br />
60<br />
55<br />
50<br />
45<br />
40<br />
<strong>Afren</strong><br />
AIM All Share<br />
AIM Oil and Gas Index<br />
◦ Listed on 14 March 2005 on London Stock Exchange<br />
(AIM)<br />
◦ Ticker – AFR.L<br />
◦ 273 mm shares in issue (385 mm fully diluted)<br />
◦ Market capitilisation: US$470 mm (2)<br />
1-Jan 1-Feb 1-Mar 1-Apr 1-May 1-Jun 1-Jul 1-Aug 1-Sep 1-Oct<br />
Growing Reserves & Resources base<br />
◦ Okoro Setu 2P reserves<br />
◦ 32mmbbl (NSAI certified)<br />
◦ 42mmbbl (FDP approved)<br />
◦ Unrisked prospective resources: 120mmbbl<br />
Material growth from existing portfolio<br />
◦ Gross production: 15-20,000bopd (mid 2008)<br />
◦ 2008 Revenue (1) : US$340 mm<br />
◦ 2008 EBITDA (1) : US$240 mm<br />
Strong financial position<br />
◦ Cash balance: US$96.1 mm (H1 2007)<br />
◦ US$500 mm raised in debt and equity since<br />
inception<br />
Significant upside<br />
◦ Active New Ventures pipeline<br />
◦ Exploration portfolio: over 25 identified leads /<br />
prospects<br />
www.<strong>Afren</strong>.com - October 2007<br />
Note: (1) <strong>Afren</strong> internal estimates (at US$50 price deck). (2) Market data as at close on 18 October 2007,<br />
source Datastream<br />
7
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