Africa Energy Corp. · TSXV:AFE
Africa Energy — Investor Presentation (April 2021)
14 slides from Africa Energy's investor presentation, April 2021
Slide 1: Gazania-1 South Africa Block 2B
GAZANIA-1 SOUTH AFRICA BLOCK 2B APRIL 2021 Slide 1 Africa Energy | April 2021
Slide 2: Gazania-1 South Africa Block 2B
GAZANIA-1 SOUTH AFRICA BLOCK 2B APRIL 2021 Slide 1 Africa Energy | April 2021
Slide 3: Africa Energy Corp Asset Overview
Africa Energy Corp Asset Overview Slide 2 Africa Energy | April 2021
Slide 4: South Africa Block 2B Proven Oil Basin
South Africa Block 2B Proven Oil Basin • A-J1 oil discovery in 1988 flowed high-quality oil to surface (36° API) • Low-risk exploration well planned up-dip from discovery • Analogous to Lokichar Basin (Kenya) and Albertine Graben (Uganda) (1) Block 2B farmout subject to South African government appr
Slide 5: A-J Rift Block 2B
A-J Rift Block 2B Isochron (s) A-J Graben DST Oil • PROVEN OIL SYSTEM 36° API • A-J1 FLOWED 36° API OIL • FLUVIO-DELTAIC RESERVOIRS • DELTA PROGRADED FROM SOUTH • MATURE OIL KITCHEN TO EAST 40km² PROSPECTIVE • LARGE PROSPECTIVE AREAS AREA • 150m WATER DEPTH Legend Axial Delta Basin Boundary Syn-rift
Slide 6: Block 2B Cross Sections
Block 2B Cross Sections • RESERVOIR MAPPED ON 3D • ALONG OIL MIGRATION ROUTE • COMBINATION FAULT TRAPS • SHALLOWS TOWARDS SOUTH • POROSITY IMPROVEMENT • LARGE NET PAY POSSIBLE Slide 5 Africa Energy | April 2021
Slide 7: Source Rock and Oil Migration
Block 2B Source Rock and Oil Migration Interbedded oil-prone SR Oil inclusions Slide 6 Africa Energy | April 2021
Slide 8: Reservoir and Trap
Block 2B Reservoir and Trap Slide 7 Africa Energy | April 2021
Slide 9: Porosity Inversion
Block 2B Porosity Inversion N A-J1 Gazania-1 S Colour key Porosity from seismic inversion 0% 10% 20% 30% Lacustrine Interval 2 km Slide 8 Africa Energy | April 2021
Slide 10: Namaqualand Amplitude Shutoff
Block 2B Namaqualand Amplitude Shutoff N S Namaqualand 230m Common amplitude shutoff and AVO Pelargonium Gazania 1 km Slide 9 Africa Energy | April 2021
Slide 11: Oxalis Prospect
Block 2B Oxalis Prospect OXALIS • 104 MMbbl Mean Prospective Resources • 45km² anomaly with amplitude conformance to structure. • Combination trap – rollover and sub-crop • Notch along master fault is a likely sediment input point. Slide 10 Africa Energy | April 2021
Slide 12: Northern Graben
Block 2B Northern Graben • 440km² Northern Graben also located in Block 2B • Lookalike to A-J Graben with ~100km² oil mature kitchen area • Provides additional running room in success case • Requires new 3D seismic acquisition Slide 11 Africa Energy | April 2021
Slide 13: South Africa Block 2B Proven Oil Basin
South Africa Block 2B Proven Oil Basin • A-J1 oil discovery in 1988 flowed high-quality oil to surface (36° API) • Low-risk exploration well planned up-dip from discovery • Analogous to Lokichar Basin (Kenya) and Albertine Graben (Uganda) (1) Block 2B farmout subject to South African government appr
Slide 14: Thank You
Thank You CONTACT DETAILS Investor Relations - Canada Investor Relations - Sweden Sophia Shane Robert Eriksson Email: info@africaenergycorp.com Email: reriksson@rive6.ch Tel: +1 (604) 689-7842 Tel: +46 701 11 26 15 Creating Value through Oil and Gas Exploration in Africa www.africaenergycorp.com