A TRANSFORMATIONAL ACQUISITION FOR SAVANNAH PETROLEUM

PRESENTATION ADMISSION DOCUMENT TRANSACTION NEWS UPDATES

PROPOSED ACQUISITION OF SIGNIFICANT PRODUCING ASSET BASE AND INFRASTRUCTURE

+92mmboe

NET 2P RESERVES

+20%

INTEREST IN MID STREAM GAS

+2

PRODUCING OIL & GAS FIELDS

+>20KBOEPD

2018E NET PRODUCTION


LOW ACQUISITION COST

c.US$280M1

ACQUISITION EV

US$2.1/BOE 2P+2C

ACQUISITION COST

US$3.1/BOE 2P

ACQUISITION COST

c.36%

EV/CAPITAL INVESTED TO DATE


COMBINED GROUP CASH FLOW GENERATIVE AND ACTIVITY HEAVY WITH STRONG REINVESTMENT OPPORTUNITIES

+US$88M

CPR FORECAST FREE CASHFLOW P.A. 2018E – 2022E3

>100MMBBLS

TARGETED IN LOW-RISK NIGER DRILLING CAMPAIGN

+86MMBOE

GROSS STUBB CREEK CONTINGENT RESOURCE DEVELOPMENT

+

MULTIPLE REINVESTMENT OPPORTUNITIES


ENHANCEMENT OF CORPORATE PROFILE

+

4 NEW DIRECTORS

+

SEVEN STAFF

+

POTENTIAL DIVIDEND

+

STRATEGIC PARTNERSHIPS