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2011 sanctioned well: “Kora”

Facts: Where: AGC Profond PSC, Senegal / Guinea Bissau Operator: Ophir Energy (83%/63%*) Partners: Rocksource (5%/25%*), L’Enterprise (12%)

Key attractions:

  • Low risk, high potential prospect

  • Significant follow up potential in success case

Status:

  • Spud date scheduled for March 2011

  • To be drilled by “Maersk Deliverer”

Key prospect: “Kora”

  • Structural trap

  • Approx. 450 mmboe mean recoverable

  • +50% CoS

  • Key risk: source and migration

  • *

    Assumes RGT participation in 2 wells, and take the

option of increasing equity to 25% (from Ophir)

18

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