Cost efficient set up (Mastering all the items involved in oil business)
Strong Technical and Management team in Cameroon & Nigeria;
Experienced Drilling and Completion team in Cameroon/Nigeria/UK/Gulf of Mexico (more than 150 combined years)
Hands-on experience within high end Technology deployment and field Development projects both from Nigeria & Cameroon
Cameroon - Leases with favorable terms available through existing network - identified bases with more than 200 Mill boed of recoverable good quality oil
Pending success in Cameroon, opportunities are available in Chad & Equatorial Guinea
Production target of gross 10 000 boed by 2024-2025
$10 M draw-down on investment upon license award
Investors offered 100% of equity in AFRENERGY with management warrants executable immediately
Top management highly focused on value growth
Full or partial Exits offered through IPO when feasible
Currently producing approx. 85 000 – 90 000 boed (95% offshore)
Main currently producing 60 000 boed offshore
Refinery in city of Limbe / (Out of Service) for the moment
Politically stable
Cameroon Government has had an active lease award program over the last 10 years
English speaking in the Southwest/North West and French in the rest of Cameroon
Petroleum tax 5-10%
Corporate tax 40% of net profit
Expected 60/40 Production Sharing after return on investment
Key Facts
Go fishing where there is fish
225 mmbbs STOIIP;
Well Head Jacket,
FPSO Processing and Gas Export
• Oil development scheme
• Assumes water injection.
• 1st production assumed 2024-2025.
• All hydrocarbon processing on existing FPSO.
• Gas for own fuel and domestic GTE.
• Gas for Exportation
• Clients already identify
