Macquarie Capital (Europe) Limited Oil & Gas Explorers Conference January 7, 2013 / London, UK TSX.V: WZR www.westernzagros.com
Caution to the Reader, (Contd.) Presentation of Resource Information Terms related to resource classifications referred to herein are based on the definitions and guidelines in the Canadian Oil and Gas Evaluation Handbook which are as…
Corporate Profile: Kurdistan Focused Emerging Independent Pure Play 2 PSCs in the Kurdistan Region of Iraq (1) Ticker TSX : WZR (2) Basic (Diluted) Shares Outstanding 412.1 million (438.3 million) (3) Director & Officer…
WesternZagros: Pure Play Kurdistan Independent Early entrant with 500,000 gross acres covering two blocks Kurdamir Garmian 40% 40% 40% 40% 20% 20% In the Oligocene fairway, on trend with the 25 billion bbl Kirkuk oil field…
Highly Prospective Acreage; 100% Exploration Success to Date Resource and Production Potential 0.4 billion BOE of contingent resources 4.9 billion BOE of prospective resources 60% of prospective resources are related to existing…
Attractive Fiscal Terms Summary of PSC Terms Profit Oil Allocation and Capacity Building Payments 40% Pre-Iraqi Constitution PSC 35% Capacity building payment (%) 30% 25% 0 3 3 0 20% 20 30 30 30 30 15% 40 10% 5%…
Evolving Political Environment, Increasing Investment Hawler Energy Komet 2005 2006 2007 2008 2009 2010 2011 2012 1 2 3 4 5 6 7 8 9 10 11 12 1 October 2005 8 May 2011 Iraqi constitution adopted Federal Ministry of Finance…
Sarqala-1: Production Capabilities Sarqala-1 Jeribe Discovery encountered gross Shipping Pump Manifold: interval of 2,335 meters Sarqala-1 Achieved maximum flow rates in excess of 9,000 bbl/d EWT current capacity at 5,000 bbl/d…
Hasira-1: Step Out Exploration and Jeribe Appraisal Hasira-1 Well Exploration well targeting the Oligocene Secondary objective of appraising the Jeribe reservoir Potential to complete the well in either the Jeribe or the Oligocene…
Upper Bakhtiari - Mil Qasim: Low Cost Production to Fund Large Scale Exploration Mil Qasim-1 Well (Discovery) Mil Qasim-1 drilled in December 2011; encountered oil shows in the 500 to 750 meters in the Lower Bakhtiari and Upper Fars…
Baram-1: Step Out Exploration Baram-1 Well Exploration well planned targeting the Oligocene reservoir; with potential to Baram Prospective Resources prove extension of Kurdamir structure onto Garmian block 400 Gross Resources…
Kurdamir Major Light Oil Discovery Kurdamir-1 proved 350 million BOE contingent resources within Oligocene reservoir Kurdamir-2 confirmed oil in Oligocene, Eocene and Cretaceous reservoirs with the potential for a giant oil field…
High-Impact Exploration and Appraisal Program 2012 2013 Estimated Net KURDAMIR BLOCK Q3 Q4 Q1 Q2 Q3 Q4 Capital Cost (MM) Kurdamir-2 Oil Discovery Oligocene, Eocene, Cretaceous Kurdamir-2 9 - 12 Cretaceous, Eocene and Oligocene…
Exploration Program Focused on Capture of Resource Base 4.9 billion BOE of unrisked prospective resource base Development Discoveries Jeribe (Sarqala-1 Well) Oligocene, Eocene, Cretaceous Contingent Resources (Kurdamir-2 Well)…
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