TSX.V: WZR www.westernzagros.com Proactive Investors One2One Investor Forums Dublin, Ireland & Manchester, United Kingdom February 28 & 29, 2012
Exceptional Exploration Success with Early Production Targeting over 1 billion prospective BOEs in Separators and Wellhead Sarqala-1 Shipping Pump Manifold the next 5 months (includes the Mil Qasim-1 Sarqala-1 and Sarqala-1 oil…
Our Assets: Two E&P Blocks in Kurdistan, Iraq Assets Early entrant: blocks are one of the largest (2,120 km2/500,000 acre) exploration areas, with a 40% working interest in both blocks On trend with the super-giant Kirkuk oil…
Corporate Profile Symbol on TSX Venture Exchange WZR First Listed October 22, 2007 1 Basic Shares Outstanding 371.2 million 2 Diluted Shares Outstanding 390.0 million 3 Director & Officer Ownership 6.5% 4 Market Capitalization…
Financial Position: Forecast to end Q2 2012 Working Capital Position (as at September 30, 2011) Cash 35.2 Non-Cash Working Capital (14.8) October 25, 2011 Private Placement Proceeds1 46.0 Working Capital 66.4 Capital & Operating…
Exploration and Appraisal Well Drilling Timeline Block 2011 2012 2013 Comments Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Sarqala-1 Oil Discovery Garmian Extended well test leading to early production Extended Well Test (EWT) Jeribe Producing…
Near-Term Potential Value Creation: 2012 Gross Unrisked Prospective Resources (Audited) * Anticipated test results end of Q1 2012 February 2012 Oil Discovery May/June 2011 44 API light oil Oil Discovery 40o API light oil…
Kurdamir and Garmian Blocks: Light Oil Prone Size of the prize is over 3.6 billion BOEs of prospective resources (mean estimate)* Three discoveries at Kurdamir, Sarqala and Mil Qasim wells Proven light oil: desirable to enhance…
Kurdistan: Current and Planned Production Capability Current Production Capbility (Jan 2012): TTOPCO Taq Taq 80,000 bopd (trucked) DNO Tawke 75,000 bopd KAR Khurmala 75,000 bpod Dana Gas Kor Mor 14,000 bopd (condensate trucked)…
Multiple Prospects: Oil and Gas Garmian Block Mil Qasim-1 Oil discovery in the Upper Fars reservoir Third exploration commitment well under First Exploration Sub Period EWT planned to commence by the end of Q1 2012 Sarqala-2…
Production Sharing Contract (PSC): Fair and Balanced Terms Oil Case When the R-Factor (revenue/cost) is below one, the Contractor Group is entitled to 35% of the Profit Oil. The Contractor Groups percentage is then reduced on a…
Top Quartile PSC Effective Profit Oil Entitlement Effective Contractor Profit Oil % Allocations Based on R-Factors (1) 40% 200mm upon Entry 280mm due June 30 '12 35% 30% 140mm upon Entry 25% 65mm upon Entry 20% 15%…
Near Term Opportunities of the Garmian Block Mil Qasim Tested 43-44 light oil in the Upper Fars Formation approximately 800 metres of gross hydrocarbon bearing intervals Planning to conduct an extended well test from the Test 4…
Mil Qasim and Sarqala Structures Sarqala-1 Well Sidetrack through Jeribe Formation flowed light, 40 API oil at over 9,000 bopd Major increase of prospective oil resources in the Jeribe reservoir to:P90- P50 -P10 MMbbls :…
Near Term Opportunities of Kurdamir Block Kurdamir-2 spud on October 25, 2011 13-5/8 inch casing string set at 2,315 metres. Oligocene test results anticipated by end of Q1 2012 Kurdamir-2 to be drilled by June 30, 2012…
Kurdamir-Topkhana Structure Kurdamir-2 will be the important test of the oil potential in the Oligocene, Eocene and the Cretaceous of the structure Mean estimate of prospective resources: 585 MMbbls on Kurdamir Block alone*…
Additional Information WesternZagros management, KRG representative and site personnel celebrating commencement of production for the Sarqala-1 extended well test October, 2011 31
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