ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST August 2015
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Seven License Areas Founded in 2010 Team: previously established, developed and sold Addax Petroleum Strategy: build a full cycle E&P company focused on oil in established…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) Gross (100%) (MMbbl) (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…
HAWLER LICENCE: FIELD DEVELOPMENT PLAN Gross (100%) MMbbl(1) Unrisked Oil Reserves Contingent Oil Resources Prospective Oil Resources Ain Al-Safra 1P 2P 3P 1C 2C 3C Best Estimate AAS-2 220 km2 Tertiary - - - 9 35 61 27…
DEMIR DAGH APPRAISAL AND DEVELOPMENT DRILLING Ten wells drilled to date Two deep wells to evaluate all reservoirs (DD-2 & 3) BAN-2 Contingent DD-5 DD-2 DD-10&11 Eight shallow wells to Cretaceous Demir Dagh (DD-4, 5, 6, 7, 8, 9, 10…
HAWLER PROCESSING CAPACITY AND PRODUCTION Current nameplate processing capacity of Nameplate Capacity Actual / Expected Phase (bbl/d) Commission Date 20,000 bbl/d gross (100%) 1a 5,000 June 2014 Commissioning of 40,000 bbl/d First…
KURDISTAN REGION: SUPPLY DYNAMICS ITP KRI - Turkey Domestic Sales: 40 & 46 pipelines, 600 & 900 Mbbl/d capacity 24/36 oil pipeline, 700 Mbbl/d capacity To Ceyhan Pre-payment for sales Realisations at discount to international…
HAWLER NEAR TERM NETBACKS Illustrative Netback (/bbl) Realised Prices: Domestic: N/A Contractor Netback Export - Truck: Brent less 26/bbl Realised Price 30.00 50.00 70.00 Export - Pipeline: referenced to Brent Royalties 10% (3.00)…
BANAN: NSAI VOLUME ESTIMATES W 5km BAN-2 10km BAN-1 E Gross (100%) (MMbbl)(1) Unrisked Tertiary Pila Spi Contingent Oil Prospective Oil Oil Reserves Resources Resources 1P 2P 3P 1C 2C 3C Low Best High Cretaceous Shiranish…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Shallow Working petroleum system with two shallow heavy oil discoveries in the 1960s Wells Two deeper light oil play types Planned Seismic amplitude prospects in Maastrichtian…
HAUTE MER A & HAUTE MER B (CONGO (BRAZZAVILLE)) Haute Mer A Working Interest Haute Mer B Working Interest 20% Oryx Petroleum 30.00% Oryx Petroleum 45% CNOOC (Operator) 34.62% Total (Operator) 20% CPC 20.38% Chevron 15% SNPC 15.00%…
2015 CAPITAL EXPENDITURES Full year 2015 Capital Expenditure forecast of 130 MM million Hawler 119 Development Drilling 40 Facilities - Early Production Facility / Export Pipeline Tie-in / Infrastructure 62 Seismic Processing 4…
A COMPELLING STORY WITH MULTIPLE VALUE CATALYSTS Production Ramp-up in the Kurdistan Region of Iraq Hawler production facilities in place with development drilling to provide growth Expected market access improvements:…