2011 Results and Forward Strategy 28 May 2012 www.gulfkeystone.com
Board and management team Todd Kozel John Gerstenlauer Ewen Ainsworth Ali Al-Qabandi Tony Peart Chris Garrett Vice Executive President Chairman & Operations Chief Chief Business Legal and Executive Operating Finance Dev. Commercial…
Key messages 1. Multi-billion barrel discovered resources 2. High-probability exploration prospect inventory 3. New phase of Kurdistan Turkey energy cooperation 4. Through appraisal to development of the Shaikan…
A coveted position in one of the Last Frontiers Ber Bahr Kurdistan Region of Iraq is an underexplored Turkey Sheikh Adi Akri-Bijeel prolific oil province with 70% discovery rates Zakho Syria GKP has interests in four adjacent…
New phase of Kurdistan Turkey energy cooperation Turkey means for us the access route to monetise oil and gas and create benefits for the Iraqi people. Dr. Ashti Hawrami, KRG Minister for Natural Resources With the KRG and the…
The road to 1 million barrels per day of oil exports Projected flow rates by 2015: Shaikan: 150,000 bopd reserved for export Akri-Bijeel: 50,000 bopd reserved for export Total: 1.025 million bopd reserved for export Pipeline…
2011 Company highlights 420% (P90) / 181% (P10) increase in gross oil-in-place numbers for the Shaikan discovery with a range of 8.0 billion (P90) to 13.4 billion (P10) bbls New Triassic reservoir discovery following the drilling of…
Forward strategy Complete appraisal programme of the Shaikan field; explore deep undrilled horizons with Shaikan-7 Increase Shaikan EWT production facilities output to 40,000 bopd to ramp up export and domestic sales and generate…
Financial Summary 2011 2011 1H 2011 2010 Revenue USmm 6.9 1.6 0.8 Loss after tax USmm 62.4 10.3 26.0 Loss per share US 0.08 0.01 0.04 Capital expenditure USmm 167.3 64.5 144.9 Cash, cash equivalents and liquid USmm…
Funding options focused on self-reliance Cash, cash equivalents and liquid investments of 183mm as at end of April 2012 With the award of the Third Party Interest in the Shaikan and Akri-Bijeel PSCs by the KRG, past costs of…
Review of operations: Shaikan is just the start Incremental billion barrel potential across three other blocks Targeted by the 2012/2013 exploration and appraisal program and beyond 11
2012-2013 drilling programme High impact drilling campaign planned and funded through 2012/13 based on current plans Targeting 5 exploration wells and 7 appraisal wells 6 rigs across 4 blocks (3 x GKP, 2 x MOL and 1 x Genel…
Exploration and appraisal of massive structures BER BAHR-1 SHEIKH ADI BER BAHR SHEIKH ADI-2 SH-5 BIJELL-3 SHEIKH ADI-1 SH-4 SH-1 SH-7 SH-2 SH-6 SH-3 SH-8 BEKHME-1 BIJELL-1 SHAIKAN SIMRIT 2 SIMRIT 1 AKRI BIJEEL…
Clear path to exceed 400,000 bopd production Shaikan-1 & -3 are capable of Two such units will be used to upgrade the Shaikan-1 & -3 EWT and create a new test production producing 18,000 bopd facility at Shaikan-2 Upgrade will…
Risk factors Oil and gas pricing and demand The price of and demand for oil and gas is highly dependent on a number of factors, including both domestic and international supply and demand levels, energy policies, weather, competitiveness…
2011 Results and Forward Strategy 28 May 2012 www.gulfkeystone.com
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