Screen EvaluateValidate EvaluateValidate Uganda Block 2 ButiabaCongo DRC Blocks I II Madagascar 3109 3111Uganda Block 1Lake AlbertBasal Sand Albert GrabenLindiMtwaraBlocksKaiso ID: 824908
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2006 Capital Markets DayScreenEvaluate
2006 Capital Markets DayScreenEvaluate/ValidateEvaluate/ValidateUganda Block 2: ButiabaCongo (DRC) Blocks I & II Madagascar 3109 & 3111Uganda Bloc
k 1Lake AlbertBasal Sand Albert GrabenLi
k 1Lake AlbertBasal Sand Albert GrabenLindi/MtwaraBlocksKaisoTonya LeadsPelican, NgassaButiabaLeadsWaragaNziziKudu upsideOnshoreRiftBasinOffshore200
6 Capital Markets Day�Leading Pos
6 Capital Markets Day�Leading Position: 50% of the AlbertineRift BasinBasin-wide StrategyLeverage knowledge and influenceQuickly discover basi
n potentialAppraise in parallel Increase
n potentialAppraise in parallel Increases influence and materiality100% and Operatorshipof BlockLatest NewsTullow to operate Block I & II in Congo (DR
C)Encouraging results from Kingfisher Fo
C)Encouraging results from Kingfisher Forward PlanKingfisher well test and sidetrackAccelerated exploration and appraisal of the Albert Gra
ben Evaluation of Blocks I & II in Congo
ben Evaluation of Blocks I & II in Congo (DRC)2006 Capital Markets DayAlbertineRift Basin Physical SettingLake AlbertMax water depth 60 metresD.R.C
.Kaiso-TonyaButiabaKingfisher-1 Well
.Kaiso-TonyaButiabaKingfisher-1 WellSemlikiRiverLake AlbertAlbert NileVictoria Nile2006 Capital Markets DayButiaba-PaaraAreaExploration surve
ysGravity and magnetic surveys 20062D se
ysGravity and magnetic surveys 20062D seismic planningExploration wellsPreparing drill-worthy prospectsAlbertineRift Basin: Basin-Wide Full Cycle Camp
aign2006 Capital Markets DayExploration
aign2006 Capital Markets DayExploration surveys2D seismic planningCongo (DRC) Blocks I & IIMetoceanand ESIA studiesExploration drillingBugoma(Kingfis
her & Pelican)Lake operations (Ngassapla
her & Pelican)Lake operations (Ngassaplans)AlbertineRift Basin: Basin-Wide Full Cycle Campaign2006 Capital Markets Day(TD 2125m) on prognosisOil sh
ows, log and pressure data indicate occu
ows, log and pressure data indicate occurrence of oil in upper section secondary Four potential pay zones intersected that will Operator indicates 37m
of net payTwo contingent testsResults s
of net payTwo contingent testsResults so far indicate regional seal works, sands are developed and a trap is charged 2006 Capital Markets DayNgassa-
Mputa-NziziSchematicAnalogous to Kingfi
Mputa-NziziSchematicAnalogous to Kingfisher2006 Capital Markets DayKingfisher-1 Testing and SidetrackWell needs to be sidetracked to reach primary
targets at 3,000m 4,000mOpportunity to
targets at 3,000m 4,000mOpportunity to test these sProduction test will establishFlow potential of accumulationsIf section is a viable future targetF
luid properties through samplingSidetrac
luid properties through samplingSidetracking required to move outboard from the basement faultSet up test facilities 1 monthTest Programme 3 weeksSi
detrack to primary targets ~ 60 days200
detrack to primary targets ~ 60 days2006 Capital Markets DayMputa& Waragaoil discoveries Encouraging results from Kingfisher-1 drilling that enhance
Lake Albert potential2D seismic at Butia
Lake Albert potential2D seismic at Butiabaand on3D onshore and transition seismic at Kaiso-Tonya and BugomaOnshore wells drilling (Nzizi-1, KaisoTonya
& Butiaba)Gear up to drilling offshore
& Butiaba)Gear up to drilling offshore wells in Uganda.Mputa-Waragaearly development scheme Kudu-8 and Kudu-9 exploration wells in Namibia2006 Capit
al Markets DayIlovoWestern Limit of Ba
al Markets DayIlovoWestern Limit of Basement outcrop Prospective Karoo TroughBlock 3109TsimororoBemolongaTar SandsJurassic RiftManandazaLight
OilBlocks 3109 & 3111 (20,000 kmOn tren
OilBlocks 3109 & 3111 (20,000 kmOn trend with TsimiroroHeavy OilOn trend with BemolangaTar SandsUtilise Ugandan and Indian 2006 Capital Markets Day
Karoo Rift key challenge is finding Jur
Karoo Rift key challenge is finding Jurassic/Cretaceous key risk is sealEvidence of a working hydrocarbon systemBemolangatar sands and TsimiroroHeav
y Oil deposits (+23 BnBO)Light oil (41 d
y Oil deposits (+23 BnBO)Light oil (41 deg API) recovered from thMadagascar acreage is still very early in the exploration cyclePlanned seismic survey