Bowleven holds, through its wholly-owned subsidiary EurOil Limited, a 100% equity interest in the Etinde Permit area being three shallow water blocks in offshore Cameroon, West Africa; namely Blocks MLHP 5, MLHP 6 and MLHP 7. In total, Bowleven has approximately 2,300 km˛ of exploration acreage located across the Rio del Rey and Douala basins in the Etinde Permit. As well as P50 hydrocarbon reserves and contingent resources on Block MLHP 7 the total acreage has very attractive exploration potential. Bowleven also holds, through its subsidiary FirstAfrica Oil Limited, a 100% equity interest in both the East Orovinyare offshore block in Gabon, which contains an existing oil discovery that it is seeking to develop, and the Epaemeno Block which is 1,340 km˛ of exploration acreage in onshore Gabon which is situated next to recent discoveries in the adjoining blocks. The Company's focus is on organic growth and selective acquisitions.

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