ANGOLA FACTSHEET
(BLOCK KON 13)
EXECUTIVE SUMMARY
KON 13 represents a high-impact upstream investment opportunity for Oando. While near-term earnings contribution is limited given its exploration stage, the asset offers material medium to longterm value potential through reserve growth, production upside, and portfolio expansion within a core African basin.
KEY INVESTMENT ASSUMPTIONSPROSPECTIVE RESOURCES (GROSS)
50-150MMbbl
OANDO WORKING INTEREST
45%NET PROSPECTIVE RESOURCES
OIL PRICE
22.5-67.5 $65-$85MMbbl /bbl
LIFTING COST
GOVERNMENT TAKE (PSC)
$15-$20 ~60%-70%/bbl
EV/BOE BENCHMARKINGTypical African upstream valuation multiples:
$2-$5/boe
EXPLORATION STAGE
$5-$10/boe $10-$18/boe
APPRAISAL STAGE PRODUCING ASSETS
PRODUCTION & CASH FLOW POTENTIAL
(Subject to successful development and commercialisation)
ILLUSTRATIVE BASE CASE
Plateau production
~20,000 bopd (gross)Oando net share
~9,000 bopdAnnual net production
~3.3 MMbbl
Estimated annual net cash flow
$60M $90M STRATEGIC VALUE DRIVERSGHANA
BURKINA PASO
TOGO BENIN
GHANA
NIGERIA
CAMEROON
GABON
REP. OF THE CONGO
CHAD SUDAN
CENTRAL AFRICAN REPUBLIC
DEMOCRATIC REPUBLIC OF THE CONGO
Operatorship:
Provides control and enhances value capture
SOUTH SUDAN
ETHIOPIA
KENYA
TANZANIA
Geographic Diversification
Reduces Nigeria concentration risk
ANGOLA
Pan-African Focus
Strengthen's Oando's positioning as a Pan-African Upstream Operator
Alternative Opportunities
Farm-down, reserve upgrades, future monetisation
ZAMBIA
MOZAMBIQUE
NAMIBIA BOTSWANA
ZIMBABWE
ConclusionKON 13 is a long-term strategic asset with significant upside potential. It enhances Oando's growth profile, supports reserve replacement, and reinforces its positioning as a regional upstream operator.