WesternZagros: Kurdistan Focused Independent Pure Play 2 PSCs in the Kurdistan Region of Iraq (1) Ticker TSX-V : WZR (2) Fully Diluted Shares Outstanding 808 million (3) Market Capitalization US293 million (4) Working…
Two Anchor Assets in a Very Active Area 5
Kurdistan Iraqi Crude Export Agreement KRG and Iraq Government agree to jointly export 550,000 bbl/d through KRG pipeline to Turkey Kurdistan crude exports reported in excess of 400,000 bbl/d at end 2014 KRG plans to extend oil…
Developing Kurdistan Gas Markets Kurdistan Advancing Gas Infrastructure and Markets Export Markets KRG/Turkey : Bilateral Energy Agreement 10 bcma (35 MMcf/d) of gas exports to Turkey by 2018 Domestic Markets Miran and Bina Bawi Gas…
Phased Development Approach Phase 1 Phase 4 Initial production capacity Evaluate enhanced oil up to 15,000 bbl/d recovery utilizing water Trucking to domestic or or gas re-injection export markets Phase 2 Phase 3 Drill…
Garmian Field Conceptual Development Phase 1 - Establish Production(1) - EPF expanding to 15,000 bbl/d Phase 2 Drilling Program - 2 horizontal/deviated wells Phase 3 CPF Expansion - 25,000 to 35,000 bbl/d capacity 1 First…
Sarqala-1: Increased Production Capabilities Sarqala-1 Development Plan Phase 1 facility upgrades increasing capacity up to 15,000 bbl/d by YE14 Hasira-1 Rig Sarqala-1 Workover Well Test Sarqala-1 Wellhead 10
Kurdamir Phased Development Conceptual Plan Amended development plan submitted December 2014 Ongoing discussions with the KRG on near term gas supply options Peak oil production could reach 110,000 to 150,000 bbl/d(3)…
Significant Upside Remains in the Oligocene 2 3 950 MMbbls of Prospective oil Resources1 in the Oligocene 350 MMbbls of Prospective oil Resources1 assessed from -2081mSS to base Oligocene at -2228mSS in K-3 600 MMbbls of…
Kurdamir 3D Seismic Predicts Reservoir Porosity High quality 3D Seismic acquired in 2013 and M-1 processed in 2014 Previous wells drilled to K-2 date without the benefit of 3D seismic K-1 K-3 Interpreted 3D seismic used to…
Confidence and optimism in KRG-Baghdad oil export agreement Poised to contribute to oil domestic and/or export markets on Garmian Advancing gas options on Kurdamir Well funded to advance development on both blocks Significant…
Caution to the Reader (Contd.) Block Gross resource estimates presented herein represent the total volumes for the indicated reservoirs attributable to 100% of the relevant block, without any adjustment for the Companys working interest…