CWC Group Kurdistan-Iraq Oil & Gas Conference December 2, 2013 Erbil, Kurdistan-Iraq Accelerating Oil & Gas Development Projects to Fuel the Economy Simon Hatfield, CEO
Highly Prospective Portfolio Large Scale, High Quality Resources 974 million BOE* of gross contingent resources already discovered 2.9 billion BOE** of gross prospective resources targeted in 2013-2014 drilling program Current…
Positioned for Growth Qulijan Approval to drill granted with anticipated spud date in Q1 2014 Follow-up exploration opportunity for Kurdamir Oligocene reservoirs. Qulijan site has been prepared and is drill ready Chwar Approval to…
Kurdistan Current Oil and Gas Demands Export Market: Current Production Capacity (Nov 2013): Genel Taq Taq 100,000 - 120,000 bbl/d DNO Tawke 100,000 - 120,000 bbl/d KAR Khurmala 80,000 bbl/d Sub Total 320,000 bbl/d Domestic…
Kurdistan Infrastructure Requirements Current Exports to Turkey 1 Reported 70,000 bbl/d trucked to Turkey Existing oil pipelines capacity 3 2 Kirkuk Ceyhan pipeline: 2012 exports of 0.4 million bbl/d versus 1.6 million bbl/d…
Kurdamir Phased Development Concept Primary Reservoir: Oligocene Potential upside of additional adjacent prospects Potential for cooperative infrastructure development * *Development concept assumes water zone…
Sarqala and Kurdamir Field Conceptual Development Phase 1 Phase 3 Early Well Test rental spreads for near Additional development drilling term oil production Tie-in new exploration successes Monetize oil sales via trucking to Expand…
Sarqala-1: Production Capabilities Sarqala-1 Discovery well encountered gross interval of 2,335 Shipping Pump Manifold: meters with maximum flow rates tested in excess of 9,000 Sarqala-1 bbl/d(1) Pre-development production capacity…
Sarqala Field Conceptual Development Primary Reservoir: Jeribe/Dhiban * Potential upside of additional adjacent prospects Potential for cooperative infrastructure development South Garmian potential capacity: 125,000…
Overcoming Obstacles Continued tight market for rigs and facilities Acute shortage of trained personnel Embryonic, evolving service industry Restricted market access 10
WesternZagros Upcoming Catalysts High-impact exploration and appraisal program targeting gross contingent resources of 974 million BOE* and 2.9 billion BOE** in the 2013-2014 drilling program. Kurdistan advancing direct oil pipeline…
www.westernzagros.com Head Office Hasira-1 Well Aug 2013 600, 440 2nd Avenue S.W. Calgary, Alberta, Canada T2P 5E9 Tel: 1-403-693-7017 Fax: 1-403-233-0174 email : investorrelationswesternzagros.com
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