Investor Presentaiton
Accelerating Shareholder Returns and Value Growth
A world-class African-focused E&P supporting sustainable shareholder returns and growth
Building a diversified, African-
focused E&P with meaningful
upside
Complementary asset base spanning Gabon,
Egypt, Equatorial Guinea and Canada,
diversifying production and revenue
Robust net cash balance sheet
providing a strong foundation for
meaningful shareholder returns
Significant cash distribution announced for 2023:
~US$0.25/share 2023 dividend and up to $30 mm
share buyback program continuing into 2023
TE
Step change in production and
cash flows support sustainable
returns and growth
Near doubling of production and recognized material
synergies supporting significant cash generation for
shareholder returns and growth investment
O
Material reserves and production
with a high-quality inventory of
multi-year investment options
Significant 1P and 2P (NRI) reserve base with
upside associated with Equatorial Guinea
Enlarged scale enhances
investment proposition for the
global capital markets
Increased scale and profile promotes enhanced
market visibility and uplift in trading liquidity
888
Proven team with an
established track record
of value creation
Strong record of value creation and returns,
coupled with returning value to shareholders,
enhances investment thesis
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