Gulf Keystone Petroleum Ltd. AIM: GKP 14 September 2011 Half Year Report and Forward Strategy Presentation www.gulfkeystone.com
Kurdistan Region of Iraq Licences Block Operator 1 Shaikan Gulf Keystone 2 Sheikh Adi Gulf Keystone 3 Ber Bahr Genel/Vallares 4 Akri-Bijeel MOL 5 Sindi-Amedi Perenco 6 Tawke DNO 7 Dohuk Central Murphy Oil 8 Sarsang HKN Energy 9…
Company focused on the Kurdistan Region of Iraq 3
Kurdistan Region of Iraq the new frontier Region Legal and commercial Highly prospective oil province, underexplored Draft Iraq Oil and Gas Law is currently the subject of with many undrilled surface structures parliamentary…
Shaikan: Multi-billion barrel discovery We have always believed that the initial gross- oil-in-place-range for the Shaikan discovery was a conservative estimate that would increase as more information became available. The gross…
Major Middle East Fields Compared to Shaikan Resources The new Shaikan-2 Triassic discovery is yet another chapter in our Shaikan success story. Oil Graph created for illustration and volumes that will eventually be comparison…
Company Highlights to date Independent report by Dynamic Global Advisors (DGA) of Shaikan gross oil-in-place of 4.9 to 7.5 to 10.8 billion bbls (P90 to P50 to P10) a major 150% (P90) - 45% (P10) upgrade in April 2011 A new Triassic…
Company Forward Strategy of Growth Continue to explore and appraise aggressively the Shaikan, Sheikh Adi and Ber Bahr blocks to prove up the resource base Focus is on finding and appraising giant fields with increased production to…
Half Year Report and Forward Strategy Presentation FINANCIAL REVIEW 9
3 Year and 6 Month Share Price Performance Sep 2008 Jun 2009 Mar 2010 Dec 2010 Sep 2011 Range: 9 September 2008 to 9 September 2011 Source: www.londonstockexchange.com Teleborsa Mar 2011 Apr 2011 Jun 2010 Jul 2011 Sep 2011…
Premium Listing of the LSE Official List Actively pursuing a move to the Premium List of the Main Market of the LSE, subject to obtaining all necessary approvals Terms agreed with Advisors Appointment to the Board of three additional…
Financial Summary 1H 2011 1H 2011 1H 2010 2010 Revenue USmm 1.6 - 0.8 Loss after tax USmm 10.3 3.1 26.0 Loss per share cents 1.37 0.57 4.17 Capital expenditure USmm 64.5 73.5 144.9 Cash, cash equivalents USmm 137.6 161.7…
Financing Initiatives Shaikan Extended Well Test production of 5,000 bopd increasing to 10,000+ bopd The Company has access to 10 mm from YA Global SPV Ltd in exchange for common shares of 0.01 each based on a formula related to…
Half Year Report and Forward Strategy Presentation OPERATIONAL REVIEW 14
Gulf Keystone Exploration Dataset 15
Shaikan Development Well Plan Legend Road River 500m contour Licence boundary Shaikan Development Oil Pipelines Main export pipeline East Export spur line Production trunk line Shaikan Development West Development Wells…
Shaikan Field Development Process The development concept presented is one of a number of possible solutions. The following process will be followed to determine the final concept: Conceptual Engineering Front End Engineering…
Shaikan Early Well Testing Facilities 10,000 BOPD Early Well Testing (EWT) facility located at SH-1 site Plant capacity currently limited to 7,000 BOPD due to gas handling constraints. Crude Sales currently to the domestic market and…
Pipeline Routes and Locations 19
Pipeline Schedule 20
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…
Gulf Keystone Petroleum Ltd. AIM: GKP 14 September 2011 Half Year Report and Forward Strategy Presentation www.gulfkeystone.com 26
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