2009-08-19-2007-01-01

Proved: 19.2 MMBO

BowLeven Plc, London, (London: BLVN) plans to acquire First Africa Oil Plc, London, (London: FAO) for one BowLeven share per 190 First Africa shares in a deal valued at US$57 million in stock. FirstAfrica has assets onshore and offshore Gabon. Proved reserves are 19.2 million barrels of stock tank oil initially in place (6.5 million recoverable), and proved-plus-possible reserves are 31 million barrels (11.5 million recoverable). NM Rothschild & Sons Ltd. is financial advisor to FirstAfrica.