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Afren (Presentation) - Proactive Investors

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Rapid portfolio expansion<br />

Ofa<br />

Eremor<br />

Ogedeh<br />

1<br />

2<br />

3<br />

2<br />

NIGERIA<br />

1<br />

3 4,5<br />

CAMEROON<br />

◦ Q1 05:<br />

◦ Q1 05:<br />

◦ Q2 05:<br />

IPO on LSE<br />

JDZ Block 1, Nigeria-São Tomé &<br />

Príncipe<br />

Iris and Themis Marin blocks and<br />

Ibekelia Licence Area, Gabon<br />

Okoro Setu<br />

Iris Marin,Themis<br />

Marin & Ibekelia<br />

4,5<br />

6,7,8<br />

9<br />

Eq. G<br />

◦ Q3 05:<br />

◦ Q2 06:<br />

◦ Q2 06:<br />

Ogedeh field, Nigeria<br />

Okoro and Setu fields, Nigeria<br />

La Noumbi, Congo (Brazzaville)<br />

Block 1 JDZ<br />

9<br />

GABON<br />

◦ Q4 06: Cabinda Central Licence Block B,<br />

Angola *<br />

La Noumbi<br />

Cabinda B<br />

10<br />

11<br />

6,7,8<br />

10<br />

11<br />

CONGO<br />

◦ Q4 06:<br />

◦ Q2 07:<br />

◦ Q3 07:<br />

Increase in Ibekelia, Gabon<br />

Ofa field, Nigeria<br />

Eremor field, Nigeria<br />

Near term development<br />

Low cost exploration<br />

High impact exploration<br />

Source: <strong>Afren</strong>. Note * HoA signed<br />

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

9

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