1. business and industrial
2. energy
3. oil

CAP Energy
Company Profile
Q2 2015
Disclaimer – Important Notice
Forward-Looking Information
Except for statements of historical fact, all statements in this presentation – including, without limitation, statements
regarding production estimates and future plans and objectives of CAP Energy Plc (“Cap” or “The Company”) –
constitute forward-looking information that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate; actual results and future events could differ materially from those
anticipated in such statements. Factors that could cause actual results to differ materially from anticipated results
include risks and uncertainties such as: risks relating to estimates of reserves, resources and recoveries; production
and operating cost assumptions; development risks and costs; the risk of commodity price fluctuations; political and
regulatory risks; and other risks and uncertainties as disclosed under the heading “Principal Risks and Risk
Management” in the 2013 Annual Report issued by Cap on 28 May 2014 and other documents available on the
Company’s website: www.capenergyplc.com and filed with ISDX. Further, any forward-looking information is made
only as of a certain date and the Company undertakes no obligation to update any forward-looking information or
statements to reflect events or circumstances after the date in which such statement is made or reflect the
occurrence of unanticipated events, except as may be required by applicable security laws. New factors emerge
from time to time, and it is not possible for management of the Company to predict all of these factors and to
assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those contained in any forward-looking
information.
CAP Energy
2
CAP Energy
The Company
The Assets


24% interest in Block 1,
Guinea-Bissau

27% interest in Block 5B,
Guinea-Bissau

44.1% interest in Block
Djiffere, Senegal
Focused on exploration,
development & production of
conventional hydrocarbons in
sub-Saharan Africa

Headquartered in London

Recapitalisation &
Turnaround in 2012

Listed on ISDX Growth
Market (market cap £40.4m
as of 01/04/15)

Dynamic management team
with over 60 years experience
running operations in Africa

Access to game-changing
Rex Technologies
www.capenergyplc.com
[email protected]
+44 (0) 20 7491 9196
CAP Energy
3
Board & Management Team
Tim Hearley Chairman
Tim graduated in Physics from Oxford University and in the 70s became a research analyst with Sheppard and
Chase, focusing on the mining sector, including oil & gas. In his early career he also worked for GEC Telcoms and W
S Atkins. Tim was Chairman of Oceanic Commercial Holdings Ltd, which held a significant investment in Intrepid Oil
& Gas operating in Oklahoma. Tim is an experienced chairman and director of a number of listed and private
businesses.
Lina Haidar CEO
Lina has built a successful business portfolio extending across oil and gas, logistics, telecommunications, and real
estate. She underpins an MBA from the International University of Monaco with extensive West African, Middle
Eastern, and European experience. Lina was responsible for the recapitalisation and restructuring of CAP Energy in
2012. She holds directorships in Global Energy Trade Ltd and Haru Energy Nigeria Ltd.
Ewen Ainsworth CFO
Ewen is a leading upstream professional having worked in the industry for 27 years at various stages of the oil and
gas life cycle from exploration to appraisal/development, production and de-commissioning. Previous roles include
Finance Director at Gulf Keystone Petroleum and at Europa Oil & Gas. He has extensive experience in corporate
finance and holds a qualification as a chartered accountant.
Pierantonio Tassini COO
A 42 year career with ENI, with a Petroleum Engineering background he has covered a broad variety of roles and
responsibilities for the company and in the last 20 years he has held senior commercial and technical roles within the
organization based in West Africa representing at shareholder level ENI's interest in several large scale LNG projects.
Alexander Haly NED
Alexander is the Chief Executive Officer of Petro Services Ltd, which provides and manages offshore support vessels
to the oil and gas industry. Mr. Haly has been CEO of Petro since 2006. Petro operates predominantly throughout the
West African coast where it is present in several countries. With his knowledge of the West African oil industry
Alexander is well positioned to supervise CAP Energy's assets and programmes in the region.
CAP Energy
4
Strategy
REGIONAL
FOCUS
ETHICAL
CONDUCT
EARLY ENTRY

Grow a diversified portfolio of conventional
oil and gas assets in sub-Saharan Africa

Target new or underdeveloped frontiers for
hydrocarbon exploration such as the
M.S.G.B.C Basin*

Integrate with Joint Venture partners that are
technological innovators and that have a
strong regional presence

Maximise shareholder value by participating
in projects which have attractive upside
potential and which generate high ROI

Operate in accordance with the utmost level
of industry Health, Safety, Environment and
Security (HSES) standards
CAP Energy
SHAREHOLDER
VALUE
STRATEGIC
PARTNERSHIPS
* Mauritania-Senegal-Gambia-Bissau-Conakry Basin
CAP Energy
5
Business Model
Directors have worked together
for over a decade, continuously
providing capital & expertise to
support Company’s ongoing
operations
Dynamic
Dynamic &
Experienced
experienced
Board
Board
Technological edge is built on
strategic partnership with Rex Group
providing access to game- changing
Rex Technologies
Technical
Technical &
Operational
operational
expertise
Expertise
CAP
Energy
Technological
Technological
differentiation
Differentiation
Extensive technical and
operational know-how of
conducting operations in
Africa with over 60 years’
experience in the region
Pro-active
Pro-active
approach
Approach
Management has pro-active,
focused approach in
identifying high value oil and
gas opportunities
CAP Energy
6
Share Information (01 Apr 2015)
 Exchange: ISDX Growth Market
Share Price Performance
200
 Symbol: CAPP
 Currency: GBP
 Shares in Issue: 29,961,486
 Share Price: 135 GBp
GBp
 Market Cap: 40.4M
150
100
50
0
AM J J A S ON D J FMA
2014/2015
 52 Week High: 150 GBp
 52 Week Low: 40 GBp
CAP Energy
7
Shareholder Summary (based on 29,961,486 ordinary shares in issue)
Shareholders
Percentage (%)
Global Energy Trade Ltd *
72.50
Alexander Haly (Director)
4.01
Lina Haidar (Director)
2.67
Pierantonio Tassini (Director)
0.88
Tim Hearley (Director)
0.15
Serge Pereira
4.84
Michael Runtsch
4.85
Mourad Haidar
2.91
Apogee Holding Inc (latest subscription – Feb 2015)
2.00
Scormining Inc
0.98
Mario De Sa Pereira
0.97
Other Shareholders
3.25
TOTAL
100%
* BVI company owned by Alexander Haly (71%) and Lina Haidar (29%)
Directors’ Holding
80.21%
Public Holding
19.79%
CAP Energy
8
Company Structure
CAP Energy
Plc
100%
85.7%
Sphere Petroleum
Corporation BVI
28%
Sencap Ltd
31.5%
Block 1
Guinea Bissau
Block 5B
Guinea Bissau
[Net to Cap 24%]
[Net to Cap 27%]
100%
Omcap Ltd
(affiliate)
Haru Energy
Nigeria Ltd
49%
TAOL Senegal
Djiffere Ltd
90%
Block Djiffere
Senegal
[Net to Cap 44.1%]
CAP Energy
9
Portfolio: Current and Planned
Senegal
Interests in:
Block Djiffere – 44.1%
Operator: Trace
Atlantic Oil
Nigeria
Guinea Bissau
Interests in:
Block 1 – 24%
Block 5B – 27%
Marginal Field
acquisition currently
under negotiation
Operator: Trace
Atlantic Oil
Ivory Coast
- current
In advance
negotiations with
Petroci for offshore
Block acquisition
São Tomé &
Principe
PSC negotiations in
final stages for
offshore Block
- planned
CAP Energy
10
Regional Overview
Cairn Energy/ConocoPhillips – Senegal
 Significant oil discovery in FAN-1 well offshore
Senegal – Cairn Energy Plc, Oct 2014
Senegal
 Second substantial oil find in SNE-1 well
– Cairn Energy Plc, Nov 2014
FAN-1
 SNE-1 potentially the world’s largest discovery in
2014 – Cairn Energy Plc, Mar 2015
950 MMbbls STOIIP
 SNE-1 deemed commercial even at $40/bbl
P50 330 MMbbls
SNE-1
CAP Energy
– Africa Oil & Gas, Volume 18 Issue 5, 12 March 2015
 Senegal is focus area of Cairn Energy’s exploration
campaign in 2015; Cairn to drill 3 additional wells
– Cairn Energy Plc, Feb 2015
Guinea-Bissau
Dome Flore
1 billion bbls STOIIP
CAP Energy
Kosmos Energy – Senegal
 60% farm-in at $400m into 2 offshore Blocks;
commitment to 3D survey and drilling 3 wells
– Kosmos Energy, Oct 2014
Sinapa
170 MMbbls STOIIP
Tender Group – Senegal
 Extends onshore footprint with acquisition of 2
further Blocks – Rigzone, Feb 2015
CAP Energy
11
BLOCKS 1 & 5B
GUINEA-BISSAU
CAP Energy
12
Block 1: Guinea-Bissau
Block
7A
Guinea-Bissau
24% interest in
Block 1
Operator: Trace
Atlantic Oil
Company
1
Trace, CAP Energy
2
FAR, Svenska
4A
FAR, Svenska
4B
Impact Oil & Gas
5A
FAR, Svenska
5B
Trace, CAP Energy
6A
Larsen Oil and Gas
6B
Larsen Oil and Gas
7A
Supernova Energy
7B
Sonangol
X*
Oryx Petroleum
Y*
Oryx Petroleum
Z*
Impact Oil & Gas
* Located in AGC (Joint Administration Zone between Senegal & Guinea-Bissau)
Licence
Participants
Trace Atlantic
Oil (operator)
Equity
Interest
52%
Cost
Interest
Licence Summary
Operator
Location
Trace Atlantic
Oil Limited
Coastline in 0 100 metres water
depth
Surface Area
65%
CAP Energy
24%
35%
Petroguin
(NOC)
20%
-
SPQSC
4%
- (*)
(*) carry limited to the 2D and 3D seismic surveys
Seismic Completed
•
4,800
km2
•
1,300 km 2D
survey (vintage)
1,530 km 2D infill
survey (2013)
Next activities
3D survey (1,000
km2) scheduled
Q4 2015
CAP Energy
13
Guinea-Bissau Block 1: Leads / Prospective Resources
All leads Prospective Resources MMbbls
P10
P50
P90
POS
515
275
77
15.5%
Top Clusters:
MMbbls (100%)
Resources (P50)
Priority 1 Clusters
Cluster 1 (CN)
79
Cluster 2 (NW)
68
Priority 1 Total
147
Priority 2 Clusters
Cluster 3 (SE)
Cluster 4 (E)
Cluster 5 (SW)
34
31
27
Priority 2 Total
92
Top clusters Total
239
50 km
Source: Block 1 2D Seismic Interpretation Review, Independent Expert Review, GM&P (Sep 2014)
CAP Energy
14
Block 5B: Guinea-Bissau
Block
7A
Guinea-Bissau
27% interest in
Block 5B
Operator: Trace
Atlantic Oil
Company
1
Trace, CAP Energy
2
FAR, Svenska
4A
FAR, Svenska
4B
Impact Oil & Gas
5A
FAR, Svenska
5B
Trace, CAP Energy
6A
Larsen Oil and Gas
6B
Larsen Oil and Gas
7A
Supernova Energy
7B
Sonangol
X*
Oryx Petroleum
Y*
Oryx Petroleum
Z*
Impact Oil & Gas
* Located in AGC (Joint Administration Zone between Senegal & Guinea-Bissau)
Licence
Participants
Equity
Interest
Cost
Interest
Trace Atlantic
Oil (operator)
58.5%
65%
CAP Energy
27%
35%
Petroguin
(NOC)
10%
-
SPQSC
4.5%
- (*)
(*) carry limited to the 2D and 3D seismic surveys
Licence Summary
Operator
Location
Surface Area
Seismic Completed
•
Trace
Atlantic Oil
Limited
Offshore in 200
– 4,000 metres
water depth
•
5,500
km2
•
•
1,900 km vintage
2D survey
1,530 km new 2D
survey (2011)
1,500 km 2D infill
survey (2013)
2,673 km2 3D
survey (2014)
Next activities
•
•
Processing of
3D survey
completed
28.02.15
Interpretation of
3D survey
underway – to
be concluded
Aug 2015
CAP Energy
15
Guinea-Bissau Block 5B: Leads / Prospective Resources
All leads Prospective Resources MMbbls
P10
P50
P90
POS
9166 5921 3380
15.5%
Top Leads:
MMbbls (100%)
Lead
Formation Resources (P50)
Priority 1
Aptian S1 ProDelta
505
Aptian S5 ProDelta
415
Ksup-Sl 1 Slope Turb
407
BFF1
Turbidite
426
BFF 2
Turbidite
286
Jurassic S 5
BFF2
Priority 1 Total
BFF1
Aptian S5
Albian S1
Priority 2 Leads
Albian S 1 ProDelta
Jurassic S 5 Reef
2,039
2,688
318
Priority 2 Total
3,006
Top Leads Total
5,045
Ksup-Sl 1
Aptian S1
Source: Block 5B 2D Seismic Interpretation Review, Independent Expert Review, GM&P (Nov 2014)
CAP Energy
16
Block 5B: Geological Analogues

Buried hill type structures identified in Block 5B, Guinea-Bissau and Sangomar Deep Block, Senegal
(operated by Cairn Energy)
Cross-section through Leads Alb_L1, Apt_L4, Kinf_L3 and Jur_L3 (Block 5B)
Line 2011-A020 (Block 5B 2D Seismic)
(Depth section)
Top Albian
Top Aptian
Top Lower Aptian
Top Carbonate Platform
(Neocomian)
Potential target
Source: Block 5B Notional Plan for Exploration,
Development and Production, GM&P (April 2014)
Source: Block 5B 2D Seismic Interpretation Review,
Independent Expert Review, GM&P (Nov 2014)
SNE-1 Well, Sangomar Deep Block, Senegal
Source: Cairn Energy Plc Preliminary Results
Presentation, March 2015
CAP Energy
17
Block 5B: Geological Analogues

Slope Fans identified in Block 5B, Guinea-Bissau and Sangomar Deep Block, Senegal (operated
by Cairn Energy)
FAN-1, Sangomar Deep
Block 5B, Guinea-Bissau
Source: Block 5B 2D Seismic Interpretation Review,
Independent Expert Review, GM&P (Nov 2014)
Analogous Slope Fans
Source: Block 5B 2D Seismic Interpretation Review, Independent Expert
Review, GM&P (Nov 2014)
CAP Energy
18
BLOCK 5B
BLOCK 1
Guinea-Bissau: Licence Terms
Exploration Stage
Duration
Extension
Commitment
Status
Stage 1
19.02.13 to 19.08.14
(18months)
12 months
extension
granted
500 km 2D
Completed – 1,500 km 2D shot
Stage 2
19.08.15 to 19.02.17
(18 months)
-
250 km2 3D
3D survey (1,000 km2) planned Q4
2015
Stage 3
19.02.17 to 19.02.19
(24 months)
-
1 exploration
well
Subject to 3D results; possible in
H1 2017
Optional Extension
Stage
19.02.19 to 19.02.21
(24 months after
Stage 3)
-
2 exploration
/appraisal wells
Subject to results of first
exploratory well; possible in H2
2018
Exploration Stage
Duration
Extension
Commitment
Status
Stage 1
19.02.13 to 19.08.14
(18 months)
12 months
extension
granted
500 km 2D
Completed – 3,150 km 2D shot
Stage 2
19.08.15 to 19.02.17
(18 months)
-
250 km2 3D
3D survey (2,673 km2) completed
Q4 2014
Stage 3
19.02.17 to 19.02.19
(24 months)
-
1 exploration
well
Subject to 3D results; possible 3
wells Q4 2016-2017
Optional Extension
Stage
19.02.19 to 19.02.21
(24 months after
Stage 3)
-
2 exploration/
appraisal wells
Subject to results of exploratory
wells; possible up to 5 wells in H2
2018-2019
CAP Energy
19
BLOCK DJIFFERE OFFSHORE
SENEGAL
CAP Energy
20
Senegal: Recent Discoveries
Senegal
Cairn Energy & ConocoPhillips
Make Major Oil Discoveries
Next to Cap Block
07 Oct 2014

FAN-1 well makes major oil discovery in Sangomar
Deep Block
- Resource estimates ranging 250 MMbbls to 2.5
billion bbls
- 29 metres net oil pay
- Good quality oil ranging 28 – 41 degrees API
- Analogous slope fans identified in Block 5B,
Guinea-Bissau
11 Nov 2014
Senegal

SNE-1 well makes another significant oil discovery in
Sangomar Deep Block
- Resource estimates ranging 150 to 670 MMbbls
- 36 metres net oil pay
- Good quality oil at 32 degrees API
- Analogous buried hill type structures identified in
Block 5B, Guinea-Bissau

Oil discoveries are situated closest to CAP Energy licence
area
New Entrant
FAN-1
Commits
$400m
SNE-1
Source: Cairn Energy Plc
CAP Energy
21
Block Djiffere: Senegal
Block
H
Senegal
44.1% interest in
Block Djiffere
B
D
Operator: Trace
Atlantic Oil
Licence
Participants
Equity
Interest
Cost
Interest
Trace Atlantic
Oil (operator)
45.9%
51%
CAP Energy
44.1%
49%
Petrosen (NOC)
10%
-
Company
A
Petro Tim, Kosmos Energy
B
Africa Petroleum
C
T5 Oil & Gas
D
Tender Group
E
Petro Tim, Kosmos Energy
G
Africa Fortesa
H
Africa Fortesa
I
A-Z Petroleum
J
African Petroleum
K
Cairn, FAR, ConocoPhillips
N
Tender Group
O
Cairn, FAR, ConocoPhillips
P
CAP Energy, Trace Atlantic
R
Elenilto
Licence Summary
Operator
Location
Surface Area
TAOL Djiffere
Limited
Offshore in 0 250 metres water
depth
4,459 km2
Seismic
Completed
•
3,750 km new
2D survey
(2014)
Next activities
3D survey (1,750
km2) scheduled
Q4 2015
CAP Energy
22
Block Djiffere: 2D Seismic Main Lead

Extensive 2D seismic survey
(3,750 km) conducted in 2014
identified:
― 11 structural leads, the major
one is Antelope Prospect
― The main level of this
prospect (Upper Campanian)
is estimated to contain P50
168 MMbbls recoverable
Prospective Resources
Source: PVE Consulting Ltd Djiffere Farm-Out Brochure for Trace Atlantic Oil Ltd
CAP Energy
23
Senegal: Opportunities
CAP Energy’s Motivations
Early Mover
Advantage and
Regional
Synergies
Early entry into Senegal
is well aligned with Cap
Energy’s strategy to open
up new exploration
frontiers; and further
complements existing
presence offshore
Guinea-Bissau & within
the productive
M.S.G.B.C Basin
Derisking of
Prospective
Acreage with Rex
Gravity and Rex
Seepage Analyses
Block Djiffere was
selected by Cap
Energy & TAOL
following positive
indications from
the use of Rex
Technologies
(gravity anomalies
and seepages
detection)
New Incentives
Kosmos Energy
Commits $400m
in Hunt for Oil
Offshore
Senegal
Cairn Energy
Back to Back
Oil Discoveries
in Adjacent
Block
Senegal rapidly
becoming “hot-spot”
with new entrants
such as Kosmos
Energy (NYSE)
investing $400m for
oil exploration (60%
farm-in includes 3D
seismic & 3 wells)
Cairn Energy &
ConocoPhillips
made significant
good quality oil
discoveries in
FAN-1 and SNE-1
wells in Q4 2014
CAP Energy
24
BLOCK DJIFFERRE
Senegal: Licence Terms
Exploration Stage
Duration
Stage 1
18.07.13
to 18.07.15
(24 months)
Stage 2
18.07.15
to 18.07.18
(36 months)
Stage 3
18.07.18
to 18.01.21
(30 months)
Optional Extension
Stage
18.01.21
to 18.07.21
(6 months from
end of Stage 3)
Min. Work
Commitment
Status
-
4,000 km 2D
Completed – 3,750 km 2D
shot;
3D survey (2,600 km2)
planned Q4 2015
-
1 exploration
well
Subject to results of 3D;
possible in 2017
-
1 exploration
well
Subject to results of first
exploratory well; possible in
H1 2019
-
To complete
Work
Programme
Extension
CAP Energy
25
Licences: Work Programme & News Events
Q2 2015
Q3 2015
Q4 2015
2016
2017
2018
Stage 3
Stage 3
Partial Farm-out
Stage 1
Stage 2
Stage 2
Stage 2
Q2
2016
Block 1,
Guinea-Bissau
Partial Farm-out
Stage 1
Block 5B,
Guinea-Bissau
Stage 2
Aug
2015
Stage 2
3D survey
(1,000 km2)
Q4
2016
Stage 2
Release of
3D results
Q4
2017
Drilling
1 Well
Release of
3D results
Stage 3
Q4
2016
Stage 3
Drilling
1 Well
Partial Farm-out
Stage 1
Block Djiffere,
Senegal
Apr
2015
Release of
2D results
Stage 2a
Stage 2a
Nov
2015
Stage 2b
3D survey
(1,750 km2)
Q2
2016
Stage 2b
Q2
2017
Stage 2b
Drilling
1 Well
Release of
3D results
CAP Energy
26
Near-Term Trigger Events
Q2 2015
Oryx
Petroleum to
begin drilling
in AGC
Shallow Block
(licence area
containing
Dome Flore &
Dome Gea
discoveries)
Q2 2015
FAR, Svenska
Petroleum to
begin drilling
in Block 2,
Guinea-Bissau
(licence area
containing
Sinapa
discovery)
Q2 2015
CAP Energy
to release
2D seismic
results from
Block
Djiffere,
Senegal
Q3 2015
CAP Energy
to release
3D seismic
results from
Block 5B,
GuineaBissau
H1 2015
Kosmos
Energy to
release details
of drilling
campaign
following
completion of
3D survey in
Q4 2014
2015
Cairn Energy to
fast-track
Senegal activity
with multi-well
appraisal testing
of existing SNE-1
discovery and
drilling of further
exploration well
on a look-a-like
structure
CAP Energy
27
Partners – Rex International Holding
Rex Group
(Rex Atlantic, Trace Atlantic Oil Limited, Trace Atlantic Djiffere Limited)
Strategic partners

CAP Energy has access to the proprietary technologies of
Rex Technologies Management through its strategic JV
partnership with Trace Atlantic Oil Limited in Guinea-Bissau
and Senegal.

CAP Energy and Trace have an agreement to target
prospective sub-Saharan acreage with the use of Rex
Virtual Drilling Analysis. Rex claims an 85% success rate
with its technology, as recently demonstrated with the oil
discovery in Block 50, Oman in February 2014.

In January 2015, Caribbean Rex1 announced a commercial
discovery in its South Erin concession, onshore Trinidad &
Tobago. The asset was derisked using Rex Virtual Drilling
and successfully encountered oil-bearing sands in all 3
wells drilled, 2 of which are deemed commercial.
1
Caribbean Rex is a 64.17% owned subsidiary of Rex International Holding
CAP Energy
28
Partners – Rex Virtual Drilling
Rex Virtual Drilling Used On 59 Prospects Monitored By North Energy Over
Past 2 Years:
Out Of 41 Wells Drilled, 35 Predictions Were Spot-on
= 85% SUCCESS RATE
16 Predicted Positive
11 drilled with commercial oil (69%)
5 failures had weak anomalies
25 Predicted Negative
24 out of 25 were dry (96%)
CAP Energy
29
APPENDIX
CAP Energy
30
GM&P Technical Consultants
Gas Mediteranneo & Petrolio Independent Technical Consultants
BOARD
GM&P is an independent petroleum consulting firm established in 2005 by a group of industry experts holding a long
track record of working with Eni S.p.A. GM&P provides technical and commercial consultancy services to CAP Energy.
Domenico Spada Managing Director
Domenico has a Ph.D. in Chemical Engineering from the University of Rome. He has 37 years of experience with the
Eni S.p.A Group, 18 of which were spent abroad. Domenico’s roles within Eni’s West Africa operations include serving
as Chairman of the Board of Directors of Nigerian Agip, Eni Angola and Eni Congo. During this time Domenico was
responsible for the “Brass LNG Project”, a farm-out of the Gabon and Mauritania assets, acquisition of new exploration
acreage in Angola and managing an equity production of 400,000 BOPD.
Roberto Carpi Chief Geophysicist
Roberto achieved a first from Milan University in Petroleum Geology and shortly after began a successful
10 year stint with AGIP gaining high level field experience. He then enjoyed senior roles with Edison and various oil
companies across the globe in places such as Iran, Romania, Kazakhstan and Egypt. As a lecturer with numerous
publications to his name he is an expert in his field and has been with GM&P for over 4 years.
MANAGEMENT
Pier Luigi Puntri Reservoir & Petroleum Engineering Manager
Pier earned a top class degree from the University of Bologna in Mining Engineering, Petroleum Eng. Section. He has
built up over 40 years of experience in reservoir management working mostly with AGIP in Congo, Nigeria, Georgia and
Italy. Piere is specialised in the areas of reservoir modelling, wells design, completion, and stimulation.
Filippo Perfido Geoscience Manager
Filippo has over 40 years of business experience in geology. He began his career with AGIP Nucleare working in
Somalia, South America, Canada and Italy. He continued with ENI as a Senior Geologist and Project leader gaining
exposure to West Africa operating conventional and deep offshore concessions in Nigeria. Filippo has been with GM&P
for over 4 years.
CAP Energy
31
Guinea-Bissau: Exploration Background
1960s-1990s
2000 Licensing Round
2000-to date
10 historic offshore wells drilled by
Esso, ELF, Shell targeting mainly salt
related traps:
Deep anticlinal structures
Carbonate bank
Diapiric salt traps
Renewed interest in region:
New 2D & 3D seismic acquired
Reprocessing & reinterpretation
of vintage data
Dome Flore & Dome Gea discoveries
in AGC*
1 billion bbls STOIIP
Confirm existence of working
petroleum system
Regional G&G studies highlight
prospectivity of mature, oil-prone
Albian, Cenomian, Turonian source
rocks offshore Guinea-Bissau
New data sets indicate existence of
deep-water plays
Sinapa discovery by Premier Oil in
Block 2:
170 MMbbls STOIIP
FAN-1 well discovery in Senegal
further highlights potential of
deepwater fans & shelf edge
prospects in M.S.G.B.C Basin
* AGC is the Joint Administration Zone between Senegal & Guinea-Bissau
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Guinea-Bissau: Blocks 1 & 5B Water Bottom Map
 Water depth increases
from the shore line at
eastern part of Block 1
to about 100m at the
western end
 In Block 5B, the water
depth increases from
about 200m in the NE
to about 4000m at the
SW
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Guinea-Bissau: Block 5B, Water Depth Contour Map + CPR Leads
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Guinea-Bissau: Block 1 Database
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Guinea-Bissau: Block 5B Database
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Senegal: Block Djiffere Database
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