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Africa Oil Corp
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April 2024 Townhall Presentation
| Roger Tucker | Page 13 of 11 |
May 02, 2024
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AFRICA OIL CORP. BLOCKS 2912/2913B: WORLD-CLASS ACREAGE WITH SIGNIFICANT POTENTIAL Town Hall Presentation | April 2024 SLIDE 13 AFRICA OIL CORP. • Venus: major discovery, TotalEnergies (operator) has confirmed that the development is very likely • Strategic farmout to TotalEnergies • Mangetti: hydrocarbon bearing intervals intersected, could potentially add significant recoverable resources • Ongoing Operations - Acquiring 3D seismic - Ongoing exploration and appraisal drilling through 2024 “At least 1-2 bn barrels 1 ” TotaleEnergies’ CEO on the scale of Venus “We will continue to explore 2 ” TotalEnergies’ CEO on Block 2913B Multi-billion barrels 3 Additional upside potential beyond Venus on Block 2913B Notes: 1.and 2. Quotes taken from TotalEnergies’ Capital Markets Day, 27 th September 2023 Catalysts for Growth Fully carried for all costs through to 1 st Oil Impact’s strategic farmout agreement bridges the gap between exploration and development on a large-scale project