Tower Resources Plc · LSE:TRP

Tower Resources — Africa E&P Summit 2019

12 slides from Tower Resources's conference presentation, May 2019

  1. Slide 1: Africa E&P Summit: Building a Sub-Saharan African Portfolio

    Africa E&P Summit Building a Sub-Saharan African Portfolio May 2019

  2. Slide 2: Important Notice

    Disclaimer Important Notice DISCLAIMER The information contained in these slides has been prepared by Tower Resources plc (the “Company”). This Presentation is being made for information purposes only and does not constitute an offer or invitation for the sale or purchase of securities or any of the

  3. Slide 3: Tower Resources Summary

    Tower Resources Summary Legacy of licenses in Namibia and Uganda ! Repsol-operated Welwitschia well (2014) ! 3 wells in Block 1 in Uganda (2008-2012) Achieving balance going forward ! Exploration/appraisal/development/production ! Operating versus non-operating ! Diversification versus focus Our cur

  4. Slide 4: Thali Block

    Tower Resources Cameroon, Rio del Rey Basin Thali Block THALI PSC © 2019 Tower Resources plc 4

  5. Slide 5: Local Infrastructure

    Cameroon, Thali Block Local Infrastructure DISSONI NORTH (PERENCO OPERATED) 20 THALI PSC PERENCO / ADDAX Contingent OPERATED FIELDS 30 OAK Prospective (PERENCO AQUIRED 50% 40 INTEREST IN 2018) (FSO) 50 THALI Fields: MASSONGO TERMINAL 5 Water depth (m) © 2019 Tower Resources plc 5

  6. Slide 6: Updated Pmean Resource Estimates

    Cameroon, Thali Block Updated Pmean Resource Estimates DISSONI SHALLOW PLAYS NORTH FIELD 25 MMbbl Contingent Prospective DISSONI SOUTH XX MMbbl = arithmetically summed total unrisked FAULT BLOCK A gross Pmean recoverable 37.8 MMbbl oil (Reserves Report, 2018) IDENAO EAST FOI 1 AKONO ERONG FAULT BLOC

  7. Slide 7: Algoa Gamtoos background and context

    South Africa Algoa Gamtoos background and context Tower’s interest in Algoa-Gamtoos (50%) was part of its Rift Petroleum acquisition ! Operator: New Age ! 3D acquired in 2014 ! 1st Renewal Period granted in Sept 2015, agreed in August 2017 ! Additional geophysical work planned in 2019 ! Total, Exxon

  8. Slide 8: Farm-out process underway

    South Africa Operated by New Age, 50% interest Substantial Prospective Resources in three basins ! Gamtoos Basin: Roan, Reedbuck and Steenbock prospects covered by extensive 2D ! Algoa Basin: Canyon prospect, already covered by 3D ! Outeniqua Basin: Brulpadda gas condensate discovery by Total succes

  9. Slide 9: New Petroleum Agreement Signed

    Namibia New Petroleum Agreement Signed New License Covers Blocks 1910A, 1911 & 1912B EXXON / SONANGOL ! Operator: Tower with 80% interest MOU (DEC 2018) ! Local partner and Namcor to hold 20% Significant hydrocarbon ! Subject to JOA and ancillary documents shows ANGOLA ! Very large area of 23,297 km

  10. Slide 10: Multiple Plays, Stacked Targets

    Namibia Multiple Plays, Stacked Targets ! Norsk Hydro wells (mid-1990s) proved presence of: ! Thick Palaeocene, Maastrichtian & Campanian turbidite sands ! Good quality Albian carbonate reservoirs ! Multiple large structural traps identified and mapped on existing 2D seismic Giant 4-way Dip Closures

  11. Slide 11: Tower Resources Summary

    Tower Resources Summary Legacy of licenses in Namibia and Uganda ! Repsol-operated Welwitschia well (2014) ! 3 wells in Block 1 in Uganda (2008-2012) Achieving balance going forward ! Exploration/appraisal/development/production ! Operating versus non-operating ! Diversification versus focus Our cur

  12. Slide 12: www.towerresources.co.uk

    www.towerresources.co.uk © 2019 Tower Resources plc 12

Tower Resources — Africa E&P Summit 2019 on 6ix