ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST Investor Presentation - September 2013
BUILDING A FULL-CYCLE EXPLORATION, DEVELOPMENT AND PRODUCTION COMPANY A sizeable and diverse portfolio focused on highly prospective oil regions Six license areas focused on Africa and Middle East Significant recent discovery with…
PROVEN SENIOR MANAGEMENT TEAM Key management team members successfully established, developed and sold Addax Petroleum Jean Claude Gandur Former CEO and founder of Addax Addax Petroleum Chairman Petroleum Founder and Chairman of The…
SUBSTANTIAL IN-HOUSE TECHNICAL EXPERTISE Utilising its technical expertise to extract value and drive the pace of development Operational Team of 30+ Professionals Extensive Industry and Country Experience Led by Henry Legarre…
DIVERSIFIED AND SIZEABLE ASSET BASE Multiple play types, high average working interest and large scale opportunities Hawler Six large license areas covering 9,000 km2 Multiple play types across different geographies Onshore,…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) Demir Dagh Discovery followed by appraisal / development and drilling of three exploration wells in 2013 February 2013 discovery at Demir Dagh (100%) 252 MMbbls 2P reserves (3P: 960 MMbbls)…
DEMIR DAGH DISCOVERY: EXPLORATION SUCCESS Demir Dagh: Significant oil discovery with further upside potential MD metres 994m Pila Spi Pre Drill Post Drill 1137m (MMbbls) WI (MMbbls) WI 1137m Gercus 1190m 1190m TERTIARY…
HAWLER EXPLORATION DRILLING: THREE MORE WELLS IN 2013 Zey Gawra (ZEG-1) NSAI: 23 MMbbl unrisked gross (100%) prospective resources (9 MMbbl risked) Northern extension of Kirkuk field Recently reached 4,398m TD Minimum of four zones…
HAUTE MER A & HAUTE MER B (CONGO (BRAZZAVILLE)) Exploration for oil adjacent to large producing fields 890 km2 in 200 1,200m water depth 5 prospects and 11 leads identified targeting 625 MMbbls best estimate unrisked gross (100%)…
HAUTE MER A & B EXPLORATION Haute Mer A: Elephant (E-1) NSAI (pre-drill): 86 MMbbls unrisked gross (100%) prospective resources (39 MMbbls risked) Principal targets: Tertiary Turbiditic play Previous discovery on prospect by Total…
AGC SHALLOW (SENEGAL / GUINEA BISSAU) Significant light oil potential with hydrocarbon system established by discovered heavy oil Working petroleum system with two shallow heavy oil discoveries in the 1960s (500 1,000 MMbbls in…
OML141 (NIGERIA) Large underexplored license area within the prolific Niger Delta 1,295 km2 in 0 - 30m water depth Numerous prospects identified 6 light oil prospects included in NSAI Report representing gross (100%) prospective…
WASIT (IRAQ) Unique early stage oil opportunity in large underexplored and underdeveloped Shia province Proven active petroleum system: 3 fields under development with 1.3 Bnbbls of estimated reserves Diyala Provincial government…
WELL FUNDED TO MEET NEAR TERM REQUIREMENTS Exploration, appraisal and first phase of development program fully funded through mid-2014 2013 Capital Budget ( mm) mm Seismic & June 30, 2013 cash 438 Location License Drilling Studies…
A COMPELLING INVESTMENT OPPORTUNITY 1. Attractive property portfolio Large scale resource potential Significant working interests / Operator 2. Significant near-term catalysts in Kurdistan and Congo (Brazzaville) Appraisal and…