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Why the Southern Africa Atlantic Margin?

PROVEN PETROLEUM SYSTEM

Excellent geology with both liquid and gas plays. Resource rich country- 4th largest exporter of non-fuel minerals but significantly under-explored in terms of hydrocarbons. Extensive broadband 3D seismic data and high-quality oil source proven in 2013.

ATTRACTIVE OPERATING AND INVESTMENT ENVIRONMENT

One of the most attractive fiscal regimes in Sub Saharan Africa. Attractive fiscal regime (government take 57% in Namibia). Stable investment environment and low cost per barrel development options.

EXISTING INFRASTRUCTURE

Namibia has well established road networks, administrative capacity and Deepwater Port - Walvis bay. Azinam has first-hand experience operating in the region since 2012. Southern African Development Community (SADC) political and economic stability going forward.

SUPPORTIVE GOVERNMENT

Long established regulatory regime. Namibian government has formulated a national energy policy and intends to assume an active role in encouraging foreign investment in hydrocarbon exploration and production.