Investor Presentaiton
South Africa Block 11B/12B
Transactions More Than Double Effective Interest
1. Impact Transaction - Acquisition of Impact's financial interest in Block 11B/12B
for 509.1 million shares completed in November 2020
2. Arostyle Transaction - Mutual put/call option to transfer Main Street's 10%
interest in Block 11B/12B to Africa Energy and issue 64.5 million shares
At completion, Africa Energy will hold a direct 10% interest in Block 11B/12B
AE
AFRICA
ENERGY
Corporate Structure
AE
AFRICA
ENERGY
Impact
Oil & Gas
Loan
Pro Forma Share Ownership
Retail &
Institutional
32%
Lundin
Family 6%
Board &
Management 4%*
Slide 22
Arostyle
4%
Africa Oil Corp.
19%**
49%
51%
**Africa Oil owns 31% of Impact and will
effectively own 30% of Africa Energy pro forma.
Main Street 1549
Impact Oil & Gas
35%
*Includes shares held directly and indirectly by Ashley
Heppenstall, an advisor to the Board of Directors.
10%
Block 11B/12B
Arostyle
བསེཧེ
Notes:
(1)
Impact Transaction closed October 22, 2020, and shares were issued on November 12, 2020.
(2)
Arostyle Transaction is subject to South African government approval and Block 11B/12B partner consents and waivers.
(3) Corporate structure chart is simplified for illustrative purposes.
Africa Energy | March 2022View entire presentation