A dynamic Oil Exploration Company, driven by the quest to discover oil on Uganda’s East African Rift System.
ABOUT US
DISCOVERING COMMERCIAL OIL ON UGANDA’S CONJUGATE PLATE MARGINS.
Conjugate Energy Limited’s name was inspired by the world’s “conjugate margins” where rich oil plays lie in porous and permeable sand traps along the fractured edges of the earth’s seven major continental plates. These are Rift Basin settings and host an astonishing 33% of the world’s oil resources.
One of the world’s early-forming conjugate margins is in the East African Rift system where the Albertine Graben is located underneath Lake Albert.
The Albertine Graben lies on Uganda’s western border and is renowned as an exceptionally hydrocarbon-rich rift basin.
CONJUGATE ENERGY LIMITED’S LICENCES AND EXCITING OIL TARGETS ARE ALL LOCATED IN THE ALBERTINE GRABEN
THE ALBERTINE GRABEN SHOWING IT’S LOCATION IN UGANDA
WHY CONJUGATE ENERGY CHOSE UGANDA
ALBERTINE GRABEN
A hydrocarbon rich Rift Basin and birth place of
several major oil producing companies
INFRASTRUCTURE
A 1,443KM East African Oil Pipeline to the Tanzanian Tanga Port is due for completion and commissioning by 2025, (TotalEnergies & CNOOC financing an open access)
ECONOMIC BENEFITS
Oil production can boost Uganda’s GDP by up to
US$6.5 Billion pa or 17%
OIL IN PLACE
6.5Bn bbl of oil in place discovered in Uganda
1.4Bn bbl of oil recoverable
PROVEN DRILLING
58% Exploration drilling success rate and 88% total drilling success rate
in the Albertine Graben
in Uganda
PROVEN COMMERCIAL OUTCOMES
Previous commercial precedents for M&A take-outs up to
US$1.4 Billion Post Discovery
CONJUGATE ENERGY ECONOMICS
NPV 10 Conjugate share
post tax @ US$80/bbl
US$1.8 Billion (Kanywataba & Turaco) success cases, internal assessment
UGANDA SUPPORTIVE OF CONJUGATE ENERGY
Strong Government endorsement and
Co-operative landholders