Operations

14

Wells Drilled

6

Discoveries

408

Prospects & Leads

12,198 / 102

KMs 2D/KM2 3D Seismic

1,782,855,000

BOE (2c Contingent + Median
Prospective Resource)

5,275,444

Acres Of Leased Land

DOBA

Early Production Potential

  • 14 Wells Drilled, 3 Completed & Ready for Production
  • Short-term Deployment of Early Production Facilities
  • Early Production Facilities identified and currently available in the region
  • Phased approach targeting phase 1 production of ~2,000 bbl/d and phase 2 production of ~5,000 bbl/d
  • Short term production opportunities targeting production start in Q3 2017

Proven Resource Potential

  • 4 Discoveries made in the Doba Basin
  • Significant opportunities to increase reserve and resource base through early production
  • Revised reserves report completed in 2016

Exploration Upside

  • Seismic-interpretation land systematic portfolio analysis completed in 2016
  • 26 Exploration Prospects in both the upper and lower cretaceous fully worked up
  • Additional exploration prospects being identified and developed on the blocks
  • 10 drill ready Exploration targets identified (7 primary 3 contingent)

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Block H

Exploration Potential

  • Seismic re-interpretation completed in 2016
  • Over 380 Exploration Leads identified
  • Existing discoveries combined with current rift basin knowledge and understanding result in un-parralled development potential
  • Leads and prospects yield material exploration opportunities

World Class Resource Base

  • Multiple independent resource reports all yield company maker resources in excess of 1 Billion BoE
  • Success of adjacent Agadem discoveries in Niger proves basin potential and resource base
  • Further work on the basin coupled with 3D Seismic and exploration drilling can materially add to resource and reserve numbers
  • Basin yields World Class Resource Volumes for onshore assets

Strong Projected Economics

  • Excellent PSC economic terms support project development and expansion in Chad
  • Very large resource base supports large scale production projects
  • Planned Pipeline Infrastructure potentially dramatically reduces Capex for Block H development

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Chad

Established Oil & Gas Industry

  • Diverse international base of Operating Oil Producers
  • Strong local service industry servicing the oil industry
  • Existing crude oil export pipeline and capacity provides external market access

Successful Production History

  • An oil exporting nation since July 2003
  • 500+ MMBOE produced to date from Chad
  • Currently 3 E&P’s producing from ~10-12 active oilfields

Chad

  • Modern & Transparent Oil & Gas Industry Ministry
  • Economically Favorable Production Sharing Contracts

Learn More about Chad

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