ASHARAMI ASSETS

SWCTP (Ghana)

Appraisal

1500 Square km

Block Area Span

Sahara Energy Fields Ghana Ltd owns 85% stake in the Shallow Water Cape Three Points (SWCTP) block. The offshore block which covers an area of 1,500km² is located in the CTP sub basin, sandwiched between the Tano basin, Saltpond basin, and the Leo Massif, The block has CTP-1, GH5, Takoradi, and NETCP as the four wells drilled on the block so far.

CTP-1 well drilled by Amoco in 1975 and penetrated oil and gas at 4 levels. GH5 well drilled by Mobil in 1975. Takoradi well drilled in 1975. NECTP-1 well was drilled in 1997 encountering hydrocarbon shows.

SEFL acquired 1,253km² of 3D seismic in 2009 and had a PSTM/PSDM reprocessing completed in 2012. Several leads have been identified. A well plan is currently in the works to appraise the CTP-1 discovery and develop the field.

Assets FEATURES

Offshore Ghana

2

Discovered Fields

Current Production

0 bopd

bopd (Barrels of Production daily)

Projected Production

25,000bopd

bopd (Barrels of Production daily)

Reserve/ Recoverable Resource

250

mmboe