OctantExploresRiftBasinsandCoastalMarginsinEastAfrica

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Highimpactexplorationopportunity

• EastAfricafocusedexplorationcompanywithdrillreadyprospectsinKenyaandTanzania

• Foundedin2012byprovenmanagementteam

• PortfoliocomprisesformerBlackMarlinEnergyassetsinEastAfricanRiftsystem

• Kenya- Block1andBlockL17/L18

• Tanzania- Tanga Block

• Poisedfornearterm,initialfourwelldrillingcampaigninKenya

• Licenseshavereceivedheavyinvestmenttodate

• Extensive2Dand3Dseismicdatabasehasmateriallyde-riskedassets

• EnvironmentalImpactAssessmentsapprovedinbothKenyablocks

• Closeproximitytoexistinginfrastructure,pavingthewayfornearterm,highmarginproduction

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CorporateHistory

• AssetswereoriginallypartofTSXVlistedBlackMarlin

EnergyHoldingsLtd.

• EntireCompanysoldtoAfren for$150min2010

• Extensiveexpenditureonlicensessincesaleofcompany

• OctantManagemententeredintoSPAinOctober2015,

focusingonmostattractiveassetsintheEastAfrica

portfolio

• Octantreadytoexecutedrillprogramme onlicenses

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ManagementTeam

• RickSchmitt

• President&CEO,Director,Founder

§ Geologist

§ 40yearsexperienceinAfrica

§ PresidentofOxyYemen

§ 1st PresidentofAfricaOil

§ PresidentofBlackMarlinEnergy

§ FormerDirectorCOPL

§ FormerDirectoratWentworthEnergy

§ FounderOctantEnergy

• ChristopherMcLean

• ExecutiveDirector,Founder

§ Africafocusedforlast18years

§ InternationalInvestmentBanker,HeadofCapitalMarkets

§ DirectorofBlackMarlinEnergy

§ FormerDirectorandCFOatCOPL

§ President&CEOStonechairCapitalCorp.

§ FounderOctantEnergy

• BarrySadrehashemi

• ChiefFinancialOfficer

• CharteredAccountant40years

• Arakis Energy

• TalismanEnergy

• ATBFinancial

• UniversityofCalgary

• AuditorGeneralAlberta

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Non-ExecutiveBoardofDirectors

StephenFoss

Non-ExecutiveDirector

• DirectorAmerisur Resources;AIMlisted

• FormerHeadofRBCsales(London)

• JohnTaylor

• ChairmanoftheBoard

• Geophysist

• ClydeEnergy

• ExplorationDirector,FusionOilandGasplc

• FounderOphir,TechnicalDirector

• Director,HeliumOne

• TrevorPeters

• Non-ExecutiveDirector

• FounderTorenco Energy

• CFOCaracalEnergy;assetsinChad;LSElisted

• Orian Oil&Gascofounder;TSXlisted

• Wishart Robson

• Non-ExecutiveDirector

• Nexen – 17yearsSpecialsituationsfromExecutiveoffice

• HaliburtonNigeria

• PetroCanada15yrs FrontierandInternationaldivision

• 45yearsfocusedonbusinessdevelopment,governmentrelations,regulatoryapprovalsandoperationalsupport

EastAfricaHydrocarbonOccurences

USGS2016FiguresforremainingEARSPotential

13.4Bbo

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Block1islocatedonthewesternmarginoftheMandera-Lugh basin and comprises an area of 22,250 km2. Block 1 Working Interest is 80%.

BlockL17/L18islocatedonshoreandoffshoreintheTembocoastal

basininsouthernKenya.Theblockcover’sanareaofapproximately

4,905 km2 and water depths vary from a few meters along the shoreline up to approximately 500 m.

TheTangaBlockislocatedoffshoreTanzaniaandcomprisesanareaof

1,935km2.Afrenhasa74%interestintheTangaBlock.

OctantToday

CoastalBlocks– TertiaryRiftPlay

• AlbertineGraben

• Lokichar Basin

• Pemba-Tembo• MarineBasin

• LowWaxCrude• Reservoirquality

• AdjacenttoMarket

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GondwanalandandEARS

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Pemba/Tembo BasinOutline

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CoastalBlocksSeismicDatabase

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L17/L18SeismicDatabase

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Pemba-Tembo BasinMorphology

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Pemba– Tembo BasinsSourceMaturity

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ChargeMigrationintoMombasaSouth

• MombasaSouthistheultimate

culminationoftheTembo andPemba

Troughs

• Itistheultimatemigrationfocusatthe

JurassicandEocenelevels

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CoastalBlocksSeismicDatabase

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Chungwa andNanasi seismicsection

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Tanga AVOAnalysis

• Gathersshowsomedegradation

beyond-35degress

• AstrongClassIIIisseenatMid

Mioceneevent,interpretedasa

gasresponse

• Usingthisbenchmarkfor

reflectivityweseeamoremuted

• ClassIIIresponseatmanylevels

withintheTertiary

• Thisisconsistentwiththe

modelledoilresponse

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Block1

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Block1

• PSCvaliduntilJan2020• More2Dseismicrequired

overElWak

• Largelyuntestedbasin• 23,000sqkmblock

• Fiveleads• Twogiantleads• ELWAK

• MANDERA

• Surfaceanticlinewithseep• Frequentoilseepsanddiscoveriesalongcontiguous

basinmargin

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Block1– BasinArchitecture

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Block1SeismicDatabase

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ANearTermWorkProgram

Seismicalreadyshot

EIAsapproved

Drillplansunderway

ManagementteamwithextensiveexperienceinEastAfrica

High-impactdrilling

4wellsandafeaturedefiningseismicprogram

Infrastructureinplaceforproduction

Significantexpenditure,underpreviousownership

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