Africa Oil Corp (AOIFF)

[douginil]

Summary for the new presentation


SUMMARY

- Strong Financial Position – $423.9 million cash (September 30, 2017) with a full carry on Kenyaexpenditures in 2018/2019 from Maersk

- Lokichar project now moving forward with optimized phased development that assures a low cost pipeline solution that unlocks basin potential

- New exploration portfolio strategy gives AOI exposure to highly prospective exploration projects, mostly carried by industry, with 2 to 3 high impact wells drilling every year for next 3 to 4 years

- M&A targeting a producing property to put our cash to work and expose ourselves to oil price recovery with development/appraisal upside

- No requirement for future equity raises to fund Kenya development or new exploration initiative

- Goal is to create an integrated Africa based oil company with production and cash flow to fund the world class development /exploration projects already secured in our portfolio