High-lights form Pres22 Apr 2018 15:07
High �Lights from Presentation
Potential acquisition of 2 additional gas rich licenses in Douala Basin with >3 TCF upside over 3,500 sq. km
� Cameroon in critical need of more power with an estimated demand in Douala region of in excess of 150 mmscf/d of gas
Main shareholders
Majedie Asset Management 8,093,473 5. 579 %
Forest Nominees Ltd 7,775,366 5.360 %
Trafelet Brokaw Capital Management 8,093,473 5.117%
Management 4,728,947 3.260%
Total of 19.316%
So where is the other 20% shareholder from the 57p issue?
Matanda Blocks - 75% WI agreed in 2016 from Glencore � 60 times size of Logbaba license area � Net P50 prospective resources of over 2.8 tcf and 136 MMbbls � Assignment pending Government approval
Bomono Blocks - 80% WI agreed in 2017 from Bowleven � 110 times size of Logbaba license area � Near term production at Moambe � Net 327 bcf of GIIP already mapped (gross 409 bcf) � Assignment pending Government approval
Why arw they still talking about Bomono when it�s dead in the water?
2018 Gas Sales targets: � Obtain a resolution with ENEO and progress gas offtake agreements with other large grid power providers
� Bespoke �Gas to Power� solutions for industrial customers
� Fast Track CNG pilot �
Sustain progress on promising Matanda and Bomono opportunities
� Manage capital projects, operating and G&A expenditure ensuring cash preservation Devel.