ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST September 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 Discovery: Feb 2013 Oil Reserves Resources Resources Discovery: Oct 2013 Field 1P 2P 3P 1C 2C 3C Low Best High…
DEMIR DAGH APPRAISAL AND DEVELOPMENT DRILLING Ten wells drilled to date Two deep wells to evaluate all BAN-2 DD-5 DD-2 DD-10&11 reservoirs (DD-2 & 3) Contingent Demir Dagh Reserves Eight shallow wells to Demir Dagh DD-7&8…
HAWLER LICENCE: FIELD DEVELOPMENT PLAN Banan (Cretaceous) Demir Dagh (Cretaceous) Two wells drilled to date with one DST First oil achieved 2014 Medium grade crude similar to Demir Current Production of Gross (100%) 3,900 Ain…
HAWLER CENTRAL PROCESSING FACILITY 40,000 bbl/d Hawler Central Processing Facility recently commissioned Located at Demir Dagh Replaces 20,000 bbl/d Temporary Production Facility Two trains to accommodate different crude types…
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 Pre-payment for sales To Ceyhan Realisations at discount to international…
HAWLER NEAR TERM NETBACKS Realised Prices: Illustrative Netback (/bbl) Domestic - N/A Contractor Netback Export - Truck: Brent less 26/bbl Realised Price 25.00 40.00 55.00 Export - Pipeline: referenced to Brent Royalties 10%…
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 130m million 1H 2H Hawler 116 63 53 Development Drilling 45 20 25 Facilities 71 43 28 West Africa & Corporate 11 4 7 Total 127 67 60 Liquidity…
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:…
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