Madagascar Oil Limited Overview May 2019 STRICTLY CONFIDENTIAL
- Slides: 4
Madagascar Oil Limited Overview May 2019 STRICTLY CONFIDENTIAL
OVERVIEW OF THE OPPORTUNITY • Large Certified Oil Reserves (NSAI 2019) • 614 / 2, 357 MMBO 2 P/3 P Reserves (Gross) o 1, 498 / 1, 512 MMBO 2 C/Prospective Resources • 50% - 70% Oil Recovery using Steam Flood EOR • 15 o API Crude, 0. 3% Sulfur, Low-Metals, No Wax • Onshore, Scalable, Development Ready • Low-Risk, Low-Cost Shallow Drilling • c. 180, 000 BOPD Peak Production Capacity • Maintirano Marine Export Facility • Flagship Madagascar Oil & Gas Project • First National Petroleum Development License • Top-Tier PSC Terms, 50 -Year Exploitation Period • NPV 10 $2. 7 Billion, IRR 26. 3% STRICTLY CONFIDENTIAL PAGE 1
ATTRACTIVE FISCAL TERMS STRICTLY CONFIDENTIAL PAGE 2
OIL & GAS HUB DEVELOPING IN MADAGASCAR REGION • Offshore Mozambique and Tanzania c. 150 - 200 Tcf of gas has been discovered in recent years; major world-scale LNG projects being developed • Onshore Madagascar over 20 billion barrels of oil has been found over the last 100 years STRICTLY CONFIDENTIAL PAGE 3 • Majors: BP recently signed Madagascar offshore PSCs, ENI studying potential • Regulator OMNIS (Office des Mines Nationales et des Industries Strategiques) recently announced 40 offshore blocks being offered for tender
