SDX Highlights Egypt Focused Experienced Management Team High Impact Drilling in Nile Delta Solid In-Country Presence Improving Business Climate Established Relationship with Government Attractive and Stable Fiscal Regime…
Business Climate Egypt Political and Economic Stability Improved Investment Environment Politics: New Constitution, New President, Operational: No interruption in last 36 months Parliament next Financial:…
2015 Guidance Work Program and Production Cash Management NW Gemsa: 10 Mboepd plateau (SDX 10% WI) Revenues: Mature field producing 10 Mboepd gross Lower oil price environment 3 infill wells in 2H15 to maintain plateau Assets remain…
Management Said ARRATA, Executive Chairman Chairman and CEO of Centurion Energy Inc., sold 40+ years 40,000 boepd 1.2 billion in 2007 to DanaGas, where he still serves as a Experience in oil Mr. Arrata built Centurion board member…
Recent Developments 2014 Results Portfolio Upside HIGHLIGHTS SOUTH RAMADAN (12.75% WI, GULF OF SUEZ) Current Production at 1,000 Mboepd Offsets BP Saqqara and Edfu fields Largest discovery in Gulf of Suez Plateau Production at…
Building Value Growth in Core Prolific Basins: South Disouq (Nile Delta) and South Ramadan (GoS) Region of Focus Balanced Assets: production, reserves, development & exploration Attractive Deal & Good Entry Price: buyers market…
Our Goal Building Value in Egypt Operating history and Political situation EGYPT REMAINS Sea Dragon Team strong in-country creates opportunities in OUR FOCUS knows the region relationships a buyers market SEA DRAGON Strong…
North West Gemsa Asset Map 10% Working Interest EGYPT CAIRO 10,000 boepd Avg. production (gross), January 2015 SHEHAB GULF GEYAD 27 MMboe Gross 2P Reserves - Ryder Scott 1/1/2015 OF SUEZ AL AMIR 18.5 MMboe Cumulative…
Solid Production Base Phase 1 Development complete. Concession producing at a plateau rate of 9,500 Bopd & 10MMscfd. Continuous development activity since field start up in 2009. Drilling rig departed the field in late May after 4…
South Ramadan Asset Map 12.75% Working Interest MEDITERRANEAN CAIRO Petroleum 2 wells produced and depleted System EGYPT GULF OF SUEZ 39.7MMbbl Gross Contingent Resources - Ryder Scott (2C) / 65.0 (3C) 1/1/2015 SOUTH RAMADAN…
Appraisal and Exploration Potential Block located within prolific section of the Gulf of Suez Block contains by-passed oil potential up-dip of the SR-1 and SR-2 wells Identified an undrilled fault block on trend with the Edfu…
Matulla & Senonian Horizons 14
South Disouq Asset Map 55% Working Interest (Operator) 1,275 km2 Concession area 73.2 MMboe (P50) Gross Prospective Resources Ryder 242.2 MMboe (P10) Scott 1/1/2015 6.4 TCF 2P Reserves in Abu Madi Baltim 100 MMboe Trend…
Nile Delta Incised Valley Fill Play IVF Potential The IVF trend contain the largest gas- condensate fields in the Nile Delta basin. Existing onshore fields (18) in the IVF account for 6.4 TCF gas and 100 MMB condensate (IHS…
Shukheir Marine Asset Map 100% Working Interest 300 bopd Current production (gross), January 2015 0.1 MMboe 2P Reserves (gross) as of 31 Dec. 2013 13.7 MMbbl Cumulative production to Dec 2014 Nubia & Lwr Rudeis potential…
Appendix - Egypt Update KEY MILESTONES REACHED 1. Political Stability 4. Stimulus package 2. Unprecedented Reforms 5. Country Outlook Upgrade (Moodys) 3. Sustained GCC Support 18
Recent Activities UNPRECEDENTED REFORMS AND PROGRESS ACTIONS TAKEN EFFECTS & HURDLES New Budget with substantial subsidy cuts Assist in rebalancing the budget Gasoline and Diesel subsidy cuts Still heavy subsidies on budget Food…
Economy Outlook Budget Growth: 4% GDP target in 2014/2015, likely 2.5% 265bn GDP Budget : 10% of GDP Deficit Target; reducing budget more likely to reach 11% Driven by domestic consumption & inflation Subsidies Represent 25%…
Economy Outlook Liquidity EGP:USD RATE FX: Foreign Currency Reserves remain low Weak export and tourism sectors EGP expected to continue to devalue FDI Return of GCC investors in real estate, consumables, banking,…
Economy Outlook FX Sources & Payments FX sources need to improve Tourism remains low but improving FDI remains moderate CA improving but still largely negative Net importer of everything Foreign remittances stable Suez Canal…
EGX Market Exceeding Former Highs Return of Equities New Government Political Stability Structural Reforms Parliament Elections next milestone GCC Support EGX INDEX Large Country, solid long term ARAB SPRING STABILITY AND…
Thank You Sea Dragon Energy Inc. SDX.V Email: sarahseadragonenergy.com Website: www.seadragonenergy.com London Cairo Sea Dragon Energy Sea Dragon Energy 38 Welbeck Street 12, Al Nahda Street London, W1G 8DP El-Maadi,…
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