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

Executive

David Sefton – 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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James Berwick - Chief Executive Officer

Between 2013 and 2018, James held the board-level position of Commercial Director of Impact, during which he oversaw a significant expansion of the company’s activities, including the acquisition of six assets. Mr Berwick was also instrumental in securing farm-out agreements with operators including Exxon, Statoil, Woodside, CNOOC and Total.

At Ophir, James was Director of New Business (2006 – 2013) with responsibility for scaling up and managing the company’s portfolio ahead of its successful IPO in 2011. As well as overseeing every commercial transaction completed during this period, he was also responsible for successfully de-risking Ophir’s asset base within the constraints of available capex. James previously held the role of General Manager for Gabon where Ophir drilled several wells under his supervision and he managed the company’s operated assets throughout Africa, including Marine IX in the Republic of the Congo. Over the course of his career, during which he was also Head of Global Security and Risk at Woodside Energy, James has built up an extensive network of contacts within Africa and the oil and gas sector, including with super-majors, governments and leading industry advisers.

Before his career in the oil and gas industry, James served for 12 years in the British Army and the French Foreign Legion.

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James Cane – Finance

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 KCR Residential REIT plc as well as CFO of Linton Capital LLP.
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Non-executive

Phil Beck

Phil is a senior energy industry business consultant with over forty years’ commercial, engineering and project management experience in the upstream oil and gas industry. Trained as a geologist and petroleum engineer, he spent his early career with British Gas and Unocal Corporation. For the last 24 years, he has worked as a consultant during which he assisted Saudi development company, Delta International, on several M&A transactions in the upstream oil and gas sector as well as in other industry sectors. Phil was formerly engaged as an adviser to Lazard for energy-related transactions and has been a director of a number of energy companies, including Centurion Energy (operating in Egypt and Tunisia), formerly a Canadian listed oil and gas company, and Island Oil and Gas plc (operating in Ireland and the Netherlands), formerly quoted on the LSE AIM market. He was also a director of a Middle East service company operating in Saudi Arabia and neighbouring countries.

Nick Butler

Nick is the founding Chairman of the Policy Institute at King’s College London, which links academic work to policy-makers in the UK and across Europe. Since May 2010, he has held the post of Visiting Professor at King’s College London and is currently the external adviser and reviewer of the World Energy Outlook – the flagship publication of the International Energy Agency. In addition, Nick is a member of the Strategic Advisory Council of Statoil, the Norwegian state controlled energy company and serves on the Advisory Council Centre for Ecology and Hydrology – an independent agency wholly owned by the UK Government. Between 2009 and 2010, Nick was Senior Policy Adviser to Gordon Brown, then UK Prime Minister, specialising in business policy and the stabilisation of the UK economy after the 2008 financial crash. Between 2007 and 2009, Nick served as Chairman of the Cambridge Centre for Energy Studies based at the Judge Business School, University of Cambridge.

Prior to his economic consultancy work, Nick held several senior positions at BP plc (BP.L) including Group Vice-President for Strategy and Policy Development, advising the Chief Executive and the Executive Committee on climate change, mergers and acquisitions, organisational change and major new ventures; Group Policy Adviser to the Chief Executive on all aspects of policy; Head of External Affairs, responsible for the company’s links with stakeholders, including NGOs, the financial community, investors, the media and Government; and Head of Investor Relations for upstream exploration and production.

Sarah Cope

Sarah has over 20 years’ experience as an investment banker in London, advising small and mid-sized companies at Board level on corporate governance, growth strategy, acquisitions and disposals, capital markets and regulatory compliance. Over the last ten years, she has specialised in the oil and gas sector, assisting listed oil and gas companies to raise finance for their exploration, development and production projects around the world. Her most recent role was with Cantor Fitzgerald Europe, the global investment bank and brokerage business, where she was until very recently Managing Director and Co-Head of Energy. Prior to this, Sarah was Head of Oil & Gas at RFC Ambrian and at finnCap. She has also been Director of Equity Capital Markets at RBC Capital Markets and Director of Corporate Finance at Seymour Pierce.

Brian Moritz

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.



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.