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Africa Oil Corp
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April 2024 Townhall Presentation
| Roger Tucker | Page 12 of 11 |
May 02, 2024
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"April 2024 Townhall Presentation"
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AFRICA OIL CORP. ORANGE BASIN: A NEW PETROLEUM PROVINCE Town Hall Presentation | April 2024 SLIDE 12 Major Discoveries Notes: 1.Farm down agreement announced on March 6, 2024. On completion of the transaction the Company will retain a carried 17.0% interest. Subject to customary approvals including that from the government of Namibia. 2.Based on the independent review of the Company’s prospective resources completed by RISC Advisory (UK) Limited (“RISC”). The effective date of RISC’s report is March 7, 2023. Please refer to the Reader Advisory slide for important details. Block 2913B/2912, Namibia Block 3B/4B, South Africa • Farm down with TotalEnergies and QatarEnergy • Carried 17.0% interest 1 • On trend with the Namibian oil discoveries • P50 prospective resource of ~4 bn boe 2 • Catalysts for growth: potential to drill in 2025 4 2 3 Graff, Feb’22 Venus, Feb’22 Jonker, Mar’23 5 Mangetti, Feb’24 Mopane, Jan’24