About

Summary:

Anglo African Oil & Gas plc
Strategy
Our People


Anglo African Oil & Gas plc

Anglo African Oil & Gas plc is an AIM-listed oil and gas company with a producing asset in the Republic of the Congo.

Anglo African Oil & Gas plc (‘AAOG’) owns Petro Kouilou S.A. (‘PK’), which is incorporated in the Republic of the Congo. PK has a 56% interest in the Tilapia Field, which is located in the Republic of the Congo.

Strategy

AAOG aims to increase output from the existing wells in the Tilapia Field by undertaking two workovers on the existing producing well and by a drilling programme into deeper geological features, the Mengo and Djeno Sands, which Tilapia shares with surrounding fields.

The Directors intend to distribute free cash to shareholders through regular dividends, once production reaches a sustained level of 1,000 bopd and provided that oil prices are not less than USD 30/barrel.

It is AAOG’s intention to conduct its activities in a professional and responsible manner for the benefit of its shareholders, its employees, and the national and local communities where it operates.


Our People

Directors

David Sefton – Executive Chairman

David has extensive experience within the oil and gas industry, across Europe, Russia, the Middle East and North America. He has worked with many of the world’s leading international and national oil companies and is Managing Partner of Linton Capital LLP, a private equity manager. He completed undergraduate and postgraduate studies at the University of Oxford and qualified as a barrister. He worked for Cleary Gottlieb, Steen & Hamilton before becoming Chief Legal Officer for the international acquisition arm of LukOil.
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Alex MacDonald – Chief Executive

Alex has more than 30 years’ business experience in corporate finance for the engineering and oil & gas sectors. He was formerly head of the oil & gas team at Libertas Capital Corporate Finance and involved mainly in fund raising and M&A activities. His early career was in upstream exploration, mainly in Africa, the Middle East and the North Sea. He gained operational experience with Conoco, Chevron, Atlantic Drilling, Otis Wireline and Ocean Inchcape.
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James Cane – Finance Director

James is a Fellow of the Institute of Chartered Accountants in England and Wales and has been both finance director and chief executive in listed and private-equity backed businesses. He is currently finance director of K&C REIT PLC, as well as CFO of Linton Capital LLP.
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Brian Moritz – Non-Executive Director

Brian is a former Senior Partner of Grant Thornton, London. He formed Grant Thornton’s Capital Markets team which floated over 100 companies on AIM during his chairmanship. Since retiring from Grant Thornton in 2004 he has concentrated on assisting new companies with accessing the capital markets, especially those in the mining and resources sector. He is a Fellow of the Institute of Chartered Accountants in England and Wales.


PJ Davies – Non-Executive Director

PJ Davies has worked in a wide variety of roles in equity broking and fund management over a 30-year career. At Pioneer Investments, he was Head of European Equity Research and a Senior Fund Manager running a €2 billion high risk European Fund. At Irish Life Investment Managers he was senior fund manager responsible for Far Eastern investments. Most recently he was Managing Director at Canaccord Genuity managing the team which rebuilt Quest, a highly-acclaimed software programme which analyses and values 9,000 listed companies globally. PJ has a degree from Oxford University and an MBA in Finance from Cass Business School. He speaks fluent French and German.



Local management team

Gerard Bourgoin – General Manager

Gerard is a French entrepreneur with many years’ experience in West Africa and specifically in the Republic of the Congo. He was General Manager of Prestoil Kouilou (which started the production from Tilapia) and is General Manager of PK, which acquired the interest in the Tilapia Field from Prestoil Kouilou in 2012.

Axelle Bourgoin - Assistant General Manager

Axelle has been involved throughout the operation of the Tilapia Field by PK. She is an accountant and has day-to-day responsibilities supervising operations, accounting and administration.

Rene Vernet – Principal Geologist

Rene was previously an exploration manager with Elf Aquitane. He was the manager of the original team that discovered the Tilapia Field between 1990 and 1995.

Aldo Sitbon – Principal Reservoir Engineer

Aldo has over 20 years’ experience as a reservoir engineer with Shell and Elf Aquitaine and has considerable knowledge and experience of the Tilapia Field.