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Africa Oil Corp
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April 2024 Townhall Presentation
| Roger Tucker | Page 10 of 11 |
May 03, 2024
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"April 2024 Townhall Presentation"
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AFRICA OIL CORP. PMLS 2/3/4 & PPL 261: HIGHLY ATTRACTIVE LOW RISK & SHORT- CYCLE RETURN OPPORTUNITY SET • Rig contract extended to drill 5 wells from Feb’24 through to end Oct’24 • Egina ? Three infill wells drilled in 2023 ? Producer achieved daily rate of ~5 kbopd (gross field) and Injectors at >10 kbwpd ? 4D seismic expected to commence in Q2’24 • Akpo ? Two Akpo West producers tested better than expected ? Potential to achieve 7,000 bopd for each well after production re-start ? Planned maintenance shut-down started on 19 th March ? 4D seismic completed Town Hall Presentation | April 2024 SLIDE 10