History and Future Strategy of Oando

Producing Assets: Ebendo Field (OML 56) Overview Acquired 2006 Working Interest 45% Net 2P Reserves Producing Wells 7.9 MMboe Operator 5 (4 Producing & 1 Shut in) Energia Fiscal System Type of Contract Marginal Field Royalty Overiding Royal 2.5%-18.5% based on production 2.5%-7.5% based on production Cost Oil Allocation Ceiling NA Tax Oil Profit Oil/Cash Flow Allocation 55% Varies from 80%-40% based on cumulative 15 Oando UMUTU OPL 283/C OPL 280 ANIEZE OML 56 BENIKU OBODETI UMUSADEGE OKPAI ODUGAI OML OGUTA OBODUGW ASHAKA 60 AKRI KWALE OZORO AGWE OGIN OML 20 EGBEMA W OML 26 UGADA EGBEMA OWEH ISOKO OGBOGENE EBOCHA M'BEDE HU

View entire presentation