Gulf Keystone Petroleum Ltd. AIM: GKP 16 June 2011 Annual General Meeting Presentation
Board and Management Todd Kozel John Gerstenlauer Ewen Ainsworth Ali Al-Qabandi Mehdi Varzi Lord Truscott Executive Vice Chairman & Chairman & Chief Chief Business Non- Non- Executive Operating Finance Development Executive…
Company Highlights Focused on oil and gas opportunities in the Kurdistan Region of Iraq Four Production Sharing Contracts (PSCs) for the Shaikan, Sheikh Adi, Akri-Bijeel and Ber Bahr blocks Two exploration wells drilled two…
Shaikan ASSET SUMMARY STATUS Working Interest GKPI 75% Successful Shaikan-1 well completed on 23rd Nov 09 Fully diluted working interest(1) GKPI 51% Final depth at 2,950m due to high pressures Operator GKPI Various tests at…
Shaikan: Multi-billion barrel discovery Shaikan gross oil-in-place summary (in billion barrels) Report Date P90 Mean P10 DGA Jan-10 1.89 4.18 7.42 1 Ryder Scott Jan-11 1.52 4.04 7.52 DGA Apr-11 4.86 7.51 10.8 1…
Major Middle East Fields Compared to Shaikan Resources We have always believed that the initial gross-oil-in-place-range Graph created for illustration and for the Shaikan discovery was a comparison purposes only conservative…
Shaikan Resources and Largest Frontier Discovered Volumes Frontier defined as basin with no discoveries prior to 1 January 2000 Graph created for illustration and In Kurdistan, Gulf Keystone Map indicates countries with largest…
Shaikan-1 & 3 Extended Well Test (EWT) Facilities complete & 20,000+ barrel tank Initially domestic oil sales contracts implemented with local buyer(s) Focus now on 5,000 bopd export production target Upgrade facilities to achieve…
Sheikh Adi ASSET SUMMARY PROSPECTIVITY Working Interest(1) GKPI 80% Large mapped surface anticline of 34.8 km2 (main structure) (3) Operator GKPI Further 40 km2 closure identified in north of block as eastern Other partner KRG 20%…
Ber Bahr ASSET SUMMARY PROSPECTIVITY Working Interest(1) GKPI 40% Large mapped surface anticline covering 50% of block crossed by Operator Genel 40% recent 2D seismic grid(3) Other partner KRG 20% On trend with Shaikan and Sheikh Adi…
Top Jurassic TWT P1 (2230m TVDSS) GKP interpretation of geological data 11
Akri Bijeel ASSET SUMMARY STATUS Working Interest GKPI 20% 442 km of 2D seismic acquired in 2008 on budget Fully diluted working interest(1) GKPI 12.8% Operator MOL 80% Bijell-1 well spudded 11 December 2009 Estimated operator oil…
Work Programme Kurdistan Region of Iraq 2011 / 2012 Work Programme Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar WDI 842, Shaikan Appraisal Wells Shaikan-2 Shaikan-6* New Rig, Shaikan Appraisal Wells Shaikan-4…
Ongoing Litigation 17 December 2010 Excalibur Ventures LLC (Excalibur) commences ICC Arbitration in New York and in the English Commercial Court against Gulf Keystone Group Companies (Companies) Excalibur asserts certain…
Analyst Price Targets (pence) Range: 13 June 2008 to 13 June 2011 Source: www.londonstockexchange.com Teleborsa Jun 08 Mar 09 Dec 09 Sep 10 Jun 11 Arbuthnot Securities 279p Fox-Davies 275p Goldman Sachs 268p Mirabaud 215p…
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…
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