Investor Presentaiton slide image

Investor Presentaiton

South Africa Block 2B A-J Graben Axial Delta Play A-J1 Soekor 1988 Oil discovery 1.0 N 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 Proposed Well Gazania-1 1.1 1.2 1.3 1,828m Namaqualand 1.4 1.5 1.6 2,070m Gazania 1.7 1.8 2,800m 1.9- 127m net reservoir 3,000m 2.0- 2.1 3,300m 2.2- -56m net residual oil 23m net live oil Syn-rift sediments 3,700m 2.3 2.4 2.5 Oil mature source rock 2.6 2.7 2.8 2.9 Schematic dip-section through the Axial Delta Play in the A-J Graben • Proposed drilling location will test both Namaqualand and Gazania Prospects • Gazania Prospect up-dip of proven oil discovery (A-J1) • Porosity improvement inferred by seismic inversion work Slide 18 AE AFRICA ENERGY S 15,000 16,000 17,000 18,000 19,000 20,000 21,000 Post-rift sediments Oil trapped in fluvio-deltaic sandstones interbedded with silt and shale Ultimate up-dip trap: Sands abut against impermeable basement Basement 0 2Km Africa Energy | March 2022
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