A pure play African independent oil & gas company
listed on the Main Board of the London Stock Exchange,
with a diversified portfolio of production, development
and exploration.

Gabon	Ibekelia	Iris Marin
Working Interest	20.00%	16.67%
Production Start-up	–	–
Production Peak	–	–
Operator	Sterling Energy	Addax Petroleum
Work Programme	Technical Evaluation Agreement	Exploration

Afren has held licence interests in the shallow water area of Gabon since 2005. The primary exploration target in the area is the prolific presalt Gamba sandstone. The other JV partners are Sterling Energy and Addax Petroleum, with the Ibekelia licence being operated by Sterling Energy and the Iris Marin licence being operated by Addax Petroleum. The Iris Marin permit is held under an Exploration and Production Sharing Contract (EPSC). The EPSC in relation to the Ibekelia permit is currently being negotiated with the Gabonese authorities.

Fast Facts

Low cost exploration
Tie back to existing infrastructure upon discovery possible
Targeting the Gamba sandstone