Prevail Energy Ltd3080, Boul. Le Carrefour, Suite 510 , Laval , Quebec, Canada

Our Company has an undeniable track record of negotiating, acquiring and managing interests in oil and gas projects in West Africa, including multibillion barrel fields. The development of stranded oil resources using the latest drilling and completion technology means a source of exponential growth in production and revenues for the Company and our host governments.  The Company is always looking for opportunities to access stranded oil and gas reserves. We are very aware that the marginality of oil and gas fields in West Africa is a very relative notion, depending on size, reservoir characteristics, oil quality & fiscal terms. A field that is marginal to a major or mid-cap oil Company, may be profitable to us under the right economic terms to be agreed upon with a government under a PSA.  West Africa remains our target region and we are eager to enter into petroleum agreements with both governments and local indigenous Companies in countries such as Angola, Congo-Brazzaville, Gabon, Nigeria, & the Ivory Coast. Prevail Energy would typically arrange Development and Production Financing Capital through its contacts on Canadian and European Markets.

STRATEGY FOR GROWTH

 Our strategy gives us the biggest bang for every buck invested.  We spread the geological risk by investing in different plays and reservoir concepts while political risk is mitigated by being present in more than one country.

OUR RECORD SPEAKS:

 Prevail Energy was founded in 2005, following the successful spin-off of its predecessor company, GGPC (Gulfofguinea Petroleum Corp). In 2003-2004, Mr. Alain Mizelle then President & CEO of GGPC and its major shareholder successfully negotiated two Gabonese assets (the EOV and Epaemeno blocks) which became the basis for the listing of FirstAfrica Oil Plc. These GGPC assets turned a $2 million initial seed investment made by a third party into a $75 million AIM listing transaction followed by over $50 million raised and developement wells drilled on EOV field in Gabon.The Company and its asset were vended to Bowleven PLC.  In 2007 Prevail Energy signed an MOU with SNPC pertaining to 20% interests in the MKB project. In late 2009, Prevail Energy reached an agreement with Pan Petroleum Ltd. whereby the Company vended its Congo subsidiary for cash and shares based on subsequent production milestones of the MKB asset.

OPERATIONS OVERVIEW:  

Following the assignment of our flagship MKB Project to Pan Petroleum Ltd. in 2009, the Company has been negotiating the acquisition of new projects in West Africa.  Target projects are generally development and near-term assets with a clear upside. These assets could be marginal stranded oil & gas fields, complex field redevelopment projects (heavy oil, sour oil, or challenging reservoirs) and mature oilfields nearing decommissioning both onshore and shallow offshore.  We typically acquire our assets through direct negotiations with governments who want to see their stranded oil and gas assets brought into production. In this case we negotiate the appropriate fiscal terms that would make those marginal, mature or stranded oilfields economically viable.  We also seek to enter into joint venture arrangments with local or indigenous Companies holding marginal or stranded oil and gas assets. These arrangements generally hinge around the signing of Financial, Technical, and Production Sharing Agreements. (FTPSA).  Angola, Congo-Brazzaville, Gabon, and Nigeria, are areas of interest to us. Give us a call should you have E & P opportunities that fit our vision.