About

Team History

• Tony Buckingham, founded Albion Energy in 1992 and through Albion built up Heritage Oil from a private company to a FTSE 250 player with a proven track record of multi billion dollar value creation.
• The Albion Team were key to the analysis, investment decisions and operational performance that took the company forward to becoming the fifth largest E&P company listed on the London Stock Exchange
• Discovered more than 2 billion barrels gross of oil and the largest gas field to be discovered in Iraq for over three decades
• Operated successfully in challenging environments throughout Africa and developing countries including Angola, Ghana, Republic of Congo, Uganda, Tanzania, Kurdistan, Pakistan and Papua New Guinea

Team Delivery

Angola & Congo

• 1993 – Angolan producing assets Kiami & Kiabo
• 1997 – Awarded operatorship in Kouilou
• 2001 – M’Boundi field discovered in the Kouilou exploration permit
• 2002 – Sold 30% in Kouilou to Maurel et Prom ($35mm)
• 2004 – Sold M’Boundi royalty to Maurel et Prom ($30.4mm)
• 2006 – Congo assets sold to Afren ($28mm plus 1.5mm warrants)

Uganda

• 1997 – Awarded 100% and operatorship of Block 3
• 2004 – Awarded additional operatorship and 50% in Block 1 & 3A
• 2008 – Announced Warthog, Kingfisher & Buffalo discoveries
• 2010 – Sold Uganda assets to Tullow Oil for $1.45billion

Kurdistan

• 2007 – Signed PSC with KRG for the Miran Block as operator
• 2009 – Announced major discovery in the Miran Block
• 2012 – Miran Block sold to Genel Energy (c. $450mm)

Nigeria

• 2012 – Acquisition of OML30 production assets for $850mm
• 2014 – Holding company sold to Al Mirqab Capital for $1.5 billion