Gulfsands Petroleum plc Corporate Presentation London March 2015 AIM: GPX
Corporate Strategy To create superior value for all our stakeholders. Key components of our plan to deliver on this strategy are: Continue to protect our cornerstone Syrian investments including preservation of our operating /…
Financing Strategy Objectives: Generating early cash flow from gas discoveries and use the value of our interests to optimise the funding of our business Minimising the cost base to deliver our corporate strategy Identifying the most…
Syria Preserve Asset Ownership / Integrity Exceptional onshore operated interest Block 26: WI 50%, Sinochem partner Excellent PSC Terms & lifting costs Exceptionally productive reservoirs Gulfsands are committed and have ambition to…
Gulfsands 2015 Morocco Exploitation Strategy Morocco portfolio meets our strategic corporate objectives: Operatorship of prospective oil and gas onshore assets with a significant equity interest Portfolio of contiguous licences…
Focused Oil and Gas Exploration in Northern Morocco DRC-1 Well Fes Permit Topography LTU-1 Well Fes Permit 2D Seismic Survey DOB-1 Well Rharb Permit Processed 3D Seismic Biogenic Gas Fields Underlying Nappe Surface 7
Morocco Exploitation of Gas Discoveries Commence production and receive revenues from Rharb Centre gas discoveries: First production and revenues from LTU-1 discovery in 1H 2015 Agreements in principal with ONHYM on export strategy,…
Development of Rharb Centre Gas Preliminary Guidance RHARB CENTRE PERMIT Assumptions: Notional Gas Production Forecast 2015-2022 GPX Net Annual Average Gas Rate in MMscfpd 12.0 inclusive of LTU, DRC & DOB Area Developments LTU-1 gas…
Morocco Maturing Oil Opportunities for Future Drilling Safeguard Operatorships in prospective oil permits and mature identified leads through to Drill Ready status Farm down from high equity Working Interest to assist funding position…
Colombia Divest or Farm-Out for carried WP Two onshore Operated Blocks awarded in 2013 Llanos Block 50, area 463.6 km2 LLA-50 Putumayo Block 14, area 513.7 km2 Prospective areas for light/medium quality oil: Llanos Both Blocks are in…
Tunisia Divest or Farm-Out for carried WP SAG Chaker trend: Chorbane onshore Permit Light Oil potential Gulfsands WI 100% and Operator: Sidi El Itayem oilfield 50 MMBO SDH-1 Dry Hole 41 API oil Two conventional light oil plays:…
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