Introduction to AFRICA FORTESA

  • Established 1997; Onshore Gas-to-Power Since 2002, w/ 94% Local Content
    • Pipeline; Senegalese Management & up to 180 Employees; Community Involvement
    • Fortesa’s Sister Co. (Africa Onshore Drilling Ltd.) Owns Two Complete Drilling Rigs That Reside in Senegal
  • Stable Gas and Liquids Production, with Large Installed Domestic Markets
    • Sustainable Gas Sales Agreement(s)
    • Gas price > $8 per MMBTU
    • Senegal Thermal Power Plants ready to accept Gaz
  • Forward Plan: Shallow Drilling Prospects ready to go
    • Seeking Cenomanian Gas Field(s) in 2017 for Increased Gas Production
    • Increase 2017 efforts towards Deeper Exploration for Cenomanian & Albian Reservoirs
  • Deeper Cenomanian & Albian Play Fairways Already De-risked On Trend with Cairn + Up-dip from Kosmos
    • Exploitation Permit estimated to contain additional reserves
    • Diender Permit Deeper UN-RISKED RESERVES are:
      • Significant Gas in Senonian & Cenomanian Formations
      • Likely Hydrocarbons in the Albian Formations & Deeper