ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST November 2014
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Founded in 2010 by The Addax & Oryx Group (AOG) Seven License Areas Previously established, developed and sold Addax Petroleum Two discoveries of oil reserves made in 2013…
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) Gross (100%) (MMbbls) (1) Unrisked Contingent Oil Prospective Oil Oil Reserves Resources Resources Discovery: Feb 2013 Discovery: Oct 2013 Field 1P 2P 3P 1C 2C 3C Low Best High Demir…
DEMIR DAGH APPRAISAL AND DEVELOPMENT DRILLING Seven wells drilled including Demir Dagh-2 discovery well Two deep wells to evaluate all reservoirs 2 Planned Wells 2 Planned Wells (Demir Dagh-2 & 3) BAN-2 DD-5 DD-2 DD-10 Five…
DEMIR DAGH PROCESSING CAPACITY AND PRODUCTION GUIDANCE Current nameplate processing capacity of 20,000 bbl/d Nameplate Capacity Actual Expected Phase gross (100%) to increase to 60,000 bbl/d in 2015 (bbl/d) Commission Date…
HAWLER NEAR TERM NETBACKS Realised Prices: Illustrative Netback (/bbl) Domestic: currently 60/ bbl Contractor Netback Export: Expect to be referenced to Brent Realised Price 50.00 75.00 100.00 Royalties 10% (5.00) (7.50) (10.00)…
ZEY GAWRA: APPRAISAL & DEVELOPMENT December 2013 ZEG-1 discovery in the Contingent 81m column 4,800 bbl/d of Resources Prospective Cretaceous 35 API Crude (1) Resources Matrix porosity similar to Demir Dagh Upside in…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Shallow Working petroleum system with two shallow heavy oil discoveries in the 1960s Wells Planned Two deeper light oil play types Seismic amplitude prospects in Maastrichtian…
HAUTE MER A & HAUTE MER B (CONGO (BRAZZAVILLE)) Est Spud: 2H 2015 Wells Planned Discovery Est Spud: 1H 2015 Tested: Feb 2014 Haute Mer A Haute Mer B Elephant Discovery in 2013 PSC approved in Q2 2014 Successful…
FULL YEAR 2015 CAPITAL EXPENDITURE BUDGET 1% By Region 2015 Capital Expenditure Budget (mm) Seismic & 12% Kurdistan Region Location License Drilling Facilities Studies Other Total Iraq 13% Senegal Kurdistan Region Hawler 144…
2014 - 2015 BUDGETED CAPITAL EXPENDITURE & FUNDING 1H 2015 focus (35%) 2H 2015 focus (65%) Budget Assumption Demir Dagh EPF and Demir Dagh PPF and 190 mm cash on hand at September 30, 2014 development wells development wells 100 mm…
A COMPELLING STORY RICH IN VALUE CATALYSTS Production Ramp-up and Resource Conversion at Demir Dagh Expansion of production facilities Appraisal and development drilling to provide production growth and conversion of 2C Resources…