UNLOCKING THE HYDROCARBON PROMISE OF MOROCCO. PetroMaroc Investor Presentation November 2014
TO BE THE LEADING PETROMAROCS HYDROCARBON PRODUCER VISION IN MOROCCO. PETROMAROC APPLIES DISCIPLINED, WELL PROVEN TECHNOLOGIES AND RISK PETROMAROCS MANAGEMENT PRACTICES TO CREATE MISSION LONGTERM VALUE FROM NATURAL GAS AND OIL…
PetroMaroc Leadership Team DIRECTORS MANAGEMENT Dennis A. Sharp, Chairman Thomas Feuchtwanger, President and Thomas Feuchtwanger, President, Chief Chief Executive Officer Executive Officer and Director Martin Arch, Chief Financial…
PetroMaroc Corporate Snapshot Market Information Cash Balance Stock Exchange TSXV June 30, 2014 US3.7MM Trading Symbol PMA (unaudited) Share Price (as of Sept. 1, 2014) C0.14 Basic Shares Outstanding 81.1MM Debenture Financing…
PetroMaroc Organization 5
PetroMaroc operational update; Summary and Conclusions The Kechoula drilling campaign has discovered a significant natural gas opportunity in the lower Liassic formation. The Lower Liassic formation has the geological…
PetroMarocs resource valuecreation process Concept Prospective Identify the potential Resources Where do we choose to operate Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects Obtain…
The Kingdom of Morocco 8
Identifying the potential Morocco PROVEN Hydrocarbon Source Price of gas FAVOURABLE PETROLEUM Migration Royalty and taxation ECONOMICS SYSTEM Reservoir rocks Price of entry Seals and traps HUGE DEMAND Energy deficit…
Gas Monetisation Opportunities Moroccan Economic Landscape Undersupplied Morocco imports 99% of oil, 91% of gas Africas 2nd largest importer Energy bill of US13 billion, half of the trade deficit Strong domestic Energy demand +54% over…
Gas Monetisation Opportunities Local Gas Market: opportunities and upside potential Phosphate Morocco is home to 85% (51 billion tons) of the worlds known phosphate reserve Industry / OCP African Development Bank loaned 250 million…
Producing basins in Morocco and neighboring countries 12
The Kingdom of Morocco Capital: Rabat. Official language: Arabic Area: 172,414 sq mi (446,550 sq km) Population: About 32 million Chief products: Agriculture, Manufacturing, Mining phosphate rock, phosphoric acid Political…
Capturing the Opportunity; Acquiring exploration licenses Sidi Moktar: Drilled two wells. (100%gr., 50%net) Foum Draa: Farmed out to Cairn. Dry Hole. (3.33%gr. Net 2.5%) Zag License: Expires May 2015 (30%gr., 22.5% net) 14
Explore for drillable prospects; PMAs Sidi Moktar Exploration License 15
PetroMarocs current Sidi Moktar License PMA was required to reduced its acreage by 40%. The new boundaries ware based on our Essaouira geological and geophysical Kechoula structure mapping Meskala pool 16
The Kechoula prospect in the Sidi Moktar Exploration License KOBA MESKALA POOL KECHOULA STRUCTURE HYDROCARBON SOURCE/KITCHEN 17
KOBA1; Drilling results LITHOLOG GAS CHROMATOGRAPH 45M OF GROSS WITH A LOWER LIASSIC VERY RESERVOIR STRONG SAND. INCREASE IN GAS CONTENT INFLUX OF (in ppm)_ GAS. SIGNIFICANT INFLOW OF WATER AT 1873m DUE TO THE DAMAGE OF…
Koba1; a Discovery or an Occurrence Occurrence: Gas inflow from chromatograph Visual description of reservoir quality Lithology from well cuttings Clean sand from Gamma ray log Mineralogy and petrography from core Visual porosity…
Results of core analyses; rock descriptions from thin sections Conventional reservoir: Unconventional reservoir: NonReservoir: High porosity and Low porosity and No porosity or permeability. permeability. permeability 20
Core Analyses; Permeability vs. Porosity High Quality Medium Quality CURRENT PRODUCTION FROM MESKALA. Tight Gas 21
Classification of the Lower Liassic reservoir quality for Koba1 CONVENTIONAL UNCONVENTIONAL 22
Koba1 demonstrated that the Kechoula structure has Lower Liassic reservoir which is gas charged KOBA-1 KAMAR 23
The Kechoula Structure in 3D, showing the Koba and Kamar drilling locations KOBA KAMAR MESKALA POOL KECHOULA STRUCTURE 24
KAMAR1; Geological prognosis and drilling design 25
Kamar1: Drilling Curve LOWER Pressure increase LIASSIC Contract depth Actual Final Total Depth TRIASSIC Planned Final total depth 26
Kamar1: Slow drilling Hard and abrasive rocks in the shallower section damaged the PDC bits which dramatically reduced the rate of penetration 27
Kamar1: New gas bearing zone encountered GAS LITHOLOG CHROMATOGRAH 28
Kamar1: Lower Liassic reservoir section and logs showing gas pay LITHOLOG GAS CHROMATOGRAH 29
Log analysis: Lower Liassic zone Kamar1 GAS SAND 30
Meskala (T6A) Producing zone, log analyses 31
Production data Meskala (Triassic ) pool 32
What Koba and Kamar taught us about the Kechoula structure KOBA-1 KAMAR 33
Koba and Kamar demonstrate that the entire Kechoula structure is gas filled 10KM KOBA KAMAR KECHOULA STRUCTRE MESKALA 34
Classification of the Lower Liassic reservoir quality for Kamar and Koba1 CONVENTIONAL UNCONVENTIONAL 35
Kechoula structure: potential size of the prize CONVENTIONAL 350 500BCF Multiple UNCONVENTIONAL TCFs 36
Kamar and Koba have both been suspended KAMAR KOBA1 37
Our resource valuecreation process. Where we are now Identify the potential Concept Prospective Where do we want to operate Resources Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects…
Understand the size and productive capacity of the reservoir Appraise these natural gas finds with the most costeffective technologies, including advanced completion techniques, to determine highest potential value Testing program…
Planned operations Next Steps Proposed operations, appraisal and development. Testing and evaluating the existing wells and data Acquire 3D seismic over the Kechoula structure Drill 23 additional delineation and appraisal wells on…
Our resource valuecreation process. Where we are now Identify the potential Concept Prospective Where do we want to operate Resources Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects…
Kechoula development will probably use conventional and unconventional technologies 42
Other prospective structures on the Sidi Moktar license KECHOULA STRUCTRE MESKALA (current production) Sub-sea Depth - Metres 43
Existing Infrastructure and Opportunities 5km Existing infrastructure Gas moved via 8 pipeline with spare capacity to OCP phosphate mine spare capacity, subject to technical feasibility KO1 KA1 ONHYM moving condensate to…
PetroMaroc operational update; Summary and Conclusions The Kechoula drilling campaign has discovered a significant natural gas opportunity in the lower Liassic formation. The Lower Liassic formation has the geological…
Join PetroMaroc in its promising pursuit of unlocking Moroccos promise May 16 (Reuters) Moroccan authorities said on Friday gas drilling by Longreach had found encouraging signs in the Kamar1 well, located at Sidi Moktar, near the…
UNLOCKING THE HYDROCARBON PROMISE OF MOROCCO. PetroMaroc Investor Presentation November 2014
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