Capex Data
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Future Plans
Outlook
• Development drilling has commenced on Okoro Setu with expected production of 15,000-20,000 bopd in 2008
• Active drilling campaign, with up to 7 development and 5 exploration wells to be drilled during 2008
• Completion of the acquisition in Cote d'Ivoire, with an effective date of 30 June 2007, expected in H1 2008, providing the Company with 3,000 entitlement barrels of oil equivalent per day and increasing 2P reserves by 28 mmboe
• Production start-up on the Eremor field in Nigeria expected in Q4 2008
• Active pipeline of New Venture opportunities to further consolidate Afren's position, particularly in West Africa