Cap Energy Announce Initial results for Senegal Djiffere licence

Cap Energy Announce Initial results for Senegal Djiffere licence

Cap Energy Plc,announced the initial results of an independent interpretation by Gas Mediterraneo & Petrolio of 3,750 kilometres 2D seismic data relating to the Company’s Djiffere licence (Cap Energy interest 44.1%) in Senegal.

The Djiffere PSC covers an exploration block of 4,459 square kilometres offshore central Senegal in a highly prospective part of the Senegal Gambia Basin. The block is in water depths of between 10 metres to 250 metres, and
predominantly less than 100 metres, while proven mature oil source rock exists immediately to the west, downdip of
the block.

The modern 2D seismic was acquired during 2014 by the operator, and well ties have been made to the
nearest oil discoveries. The interpretation of 2D data acquired in 2014 is almost completed and several structural
leads and prospects have already been mapped on the block.

The largest prospect to date is the Antelope structure, a three way rollover against a fault, which main level is
estimated to contain potential resources of 168 mmbo (P50 recoverable) in Campanian sands. The full assessment of
the prospects and leads shall be announced soon, once the final independent report is available.

Further potential is expected in stratigraphic leads, subject to further study and the acquisition of 3D seismic.
3D data would provide the Joint Venture with a better understanding of the main target prospects, improved
structural imaging and access to a more robust work flow which would include amplitude versus offset (AVO) and
other attribute analysis. The operator is also planning to continue to use the RVD (“Rex Virtual Drilling”)
technology to help reduce risk on the target prospects.

Pierantonio Tassini, the Company’s Chief Operating Officer, who has 44 years of relevant experience within the
sector, has reviewed and approved the technical information contained in this announcement.

The Directors of Cap Energy are responsible for the contents of this announcement.

Source: Cap Energy

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