ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST TD Securities London Energy Conference, January 13th - 15th 2014
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Six License Areas Founded in 2010 by the Addax & Oryx Group (AOG) Previously established, developed and sold Addax Petroleum Significant Demir Dagh discovery made in early…
IMPLEMENTING A PROVEN STRATEGY Focus on Africa and the Middle East Known hydrocarbon basins Management experience and relationships Lead with in-house technical expertise Substantial equity positions Operatorship / technical…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) February 2013 discovery at Demir Dagh 252 MMbbls 2P reserves(1) 307 MMbbls 2C resources(2) 49 MMbbls unrisked prospective resources(3) Discovery: Oct 2013 Discovery: Feb 2013 October 2013…
DEMIR DAGH: APPRAISAL AND EARLY DEVELOPMENT Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 DD-2 Re-entry DD-3 Appraisal Well DD-4 Appraisal Well DD-5 Appraisal Well DD Development Wells (5) 3D Seismic Early production…
DEMIR DAGH APPRAISAL: WELL LOCATIONS Shiranish Depth Map (50m contours) Demir Dagh-3 Deep well to test all reservoirs On crest of anticline to the south-east DD-2 Upper Qamchuqa of Demir Dagh-1 ODT at - Targets crest at Lower…
DEMIR DAGH ILLUSTRATIVE NEAR TERM PRODUCTION PROFILE bbl/d 100000 Production milestones (gross (100%)) 90000 Q2 2014 : 7,000 9,000 bbl/d Q4 2014 : 25,000 bbl/d 80000 2015 : 40,000 bbl/d 70000 2016 : 100,000 bbl/d 60000 If 2014…
HAWLER NEAR TERM NETBACKS Netback (/bbl) Contractor Profit oil and Oryx Petroleum capacity building payment assumes Contractor Netback R…
EXPORT PIPELINE TIE-INS Tie-ins to Khurmala-Faysh Khabur pipeline for Demir Dagh and Ain Al Safra completed in November Private and Confidential 11
HAWLER EXPLORATION AND APPRAISAL DRILLING Zey Gawra (ZEG-1) Discovery Recently announced discovery in the Cretaceous Good flow rates and high quality oil Max average rate of 4,800 bbl/d for a 15 hour period of 35 API crude 81 metre…
HAWLER EXPLORATION AND APPRAISAL DRILLING Banan (BAN-1) Exploration Well NSAI: 196 MMbbl best estimate unrisked gross (100%) prospective resources (102 MMbbl risked) Excludes portion of structure outside original boundary area (2D…
2014 CAPITAL BUDGET Full Year 2014 Capital Budget ( mm) Haute Mer B Haute Mer A Seismic & AGC Shallow Location License Drilling Facilities Studies Other Total Iraq OML141 Kurdistan Region Hawler 217.0 81.0 45.6 23.0 366.6…
LIQUIDITY & FUNDING Flexible Capital Expenditure Program Funding scenario No cash flow, Full capex Weighted Towards 2H 2014 400 Minimal work commitments Ability to significantly reduce in no Demir Dagh 300 export scenario 200…
A COMPELLING INVESTMENT OPPORTUNITY RICH IN VALUE CATALYSTS Significant near-term catalysts Appraisal and development of Demir Dagh First production and potential exports Appraisal of Zey Gawra and Ain Al Safra discoveries Testing…