TETHYS PETROLEUM LIMITED Testing Well AKK17 Akkulka SEPTEMBER 2014 UPDATE AND GENERAL INFORMATION the Sprit of Tethys The Spirit of Tethys
Tethys Petroleum THE Central Asia & Caucasus Oil & Gas Company Public company listed on the main boards of: Toronto Stock Exchange London Stock Exchange Focus on Central Asia & Caspian Kazakhstan oil and gas production…
Tethys Petroleum Production & Upside in High Potential Areas Oil and Gas Production underpins cash flow, generates funds for reinvestment Current production potential 5,000 boe/d High Potential areas offer massive upside First…
Tethys Petroleum Projects and Cycle Kazakhstan Low risk Cash flowing Good short term upside BRING IN PROJECT FINANING Tajikistan Georgia New technology play - Very good High Risk potential for shale oil Super High Potential…
Reserves & Resources (NI51-101) Reserves Proved Proved + Probable Proved + Probable (MMboe) + Possible Total (Kazakhstan) 14.8 26.0 40.3 NPV10 170 MM 312 MM 489 MM Unrisked Mean Oil & Condensate Gas BOE Prospective Recoverable…
Tethys Petroleum Recent Highlights Completed farmout of Tajikistan asset to Total and CNPC Received 63 MM in cash plus retain 33% part carried interest Acquired strategic position in Georgia Conventional and Unconventional oil…
KAZAKHSTAN 8 the Sprit of Tethys The Spirit of Tethys
Tethys in Kazakhstan First non-State dry gas development in the country First commercial discovery of oil in the NW Aral area Producing oil & gas Considerable exploration and development upside Potential for gas export to Chinese…
Kazakhstan Project Remote area Harsh climatic conditions Very limited infrastructure Only some stranded gas discoveries No oil Developed gas discoveries Built own infrastructure Found more gas developed fields for cash flow…
Kazakhstan North Ustyurt Assets China 11 The Spirit of Tethys 11
Kazakhstan: Doris Area deeper discoveries and prospects Four Contracts Kyzyloi Production Contract - gas Akkulka Production Contract - gas Akkulka Exploration Contract Doris and others Kul-Bas E&P Contract Oil discovery in 2010…
Kyzyloi / Akkulka Area Shallow Gas & Deeper Oil Kyzyloi North Gas Field AKK05 Gas Field Akkulka East Gas Field Kyzyloi Gas Field Doris Oil Field 13 Akkulka West Gas Field Dodone Prospect Dione Oil Field…
Klymene Prospect In Kul-Bas Exploration & Production Contract Area Defined on newly shot seismic Good four-way dip closed structure Close to source basin Potential at several levels Cretaceous sands (multiple) Jurassic 14…
Klymene Seismic Line SW NE Cretaceous Sand Interval Top Jurassic Triassic 15 Line requires further interpretation and possible processing well location purely schematic illustrative only The Spirit of Tethys 15
Kazakhstan Forward Programme Further oil development & exploration activity High angle or horizontal drilling in Jurassic carbonate reservoir AKD08 (Doto) Exploration well horizontal step out Klymene high potential exploration…
Kazakhstan: Commercialisation of Doris Aral Oil Terminal and Pipeline to China Remote desert area no infrastructure Constructed new rail loading terminal to reduce trucking distance Current capacity 4,200 bopd plus crude storage…
SinoHan Deal Deal with SinoHan Oil & Gas Resources BV Part of HanHong Private Equity Well respected Beijing Private Equity Fund 50% plus one share Base Price 75 MM Tethys remains as operator joint Board control Bonuses paid on…
TAJIKISTAN 19 the Sprit of Tethys The Spirit of Tethys
Tethys in Tajikistan Tethys was first entrant into exploration and production sector As a result obtained the best area under very good PSC terms because of its effort Needed to establish new oil industry on the ground Carried out…
Tajikistan the Jewel in the Tethys Crown First Tajik PSC very good terms Khujand Konibodom covers 35,000 km2 area Gafurov Istaravshan Isfara Kyrgystan U z b e k i s t a n Supergiant deep Panjakent Garm C h i n a…
Amu Darya World Class Basin 22 * Based on Gaffney Cline publically quoted figures The Spirit of Tethys 22
Tajik Prospective Resources 27.5 billion barrels oil equivalent1 comprising 113.7 trillion cubic feet (3.22 trillion cubic metres) of natural gas 8.5 billion barrels of oil/condensate Potential to supply entire Chinese market for 22…
Central Asian Gas Export Infrastructure Russia & Europe China Europe 24 Nowruz Project Current Tethys Projects India & Pakistan The Spirit of Tethys 24
Tajikistan Bokhtar PSC Farmout Transformational deal places Tethys and Tajikistan in unique position inworld class project with world class partners Farmout to Total S.A. and CNPC Only deal involving an independent, a supermajor and a…
GEORGIA 26 the Sprit of Tethys The Spirit of Tethys
Republic of Georgia Baku-Supsa Oil line Baku-Tbilisi-Ceyhan South Caucasus Gas Railway River Telavi Major Town Tbilisi Capital National Border Ship to Central Europe Offshore loading tankers - Supsa 27 Tankers to…
Georgia Projects in Kura Basin Project Iberia Farm-in as Operator to 56% of three PSCs: Block XIA Block XIM Block XIN High potential acreage with both conventional and unconventional plays Aim to be the first Unconventional Oil…
Georgia Licence Blocks Project Iberia 29 The Spirit of Tethys 29
Kura Basin - Tertiary Geology Cretaceous Project Iberia Discoveries XIN Basin Source rocks Edge B XIM Samgori Oilfield 210 MMbbl XIA Mesozoic Potential 30 Shale oil Play area - U. Eocene-Maikopian (Oligocene-L.…
Georgia Shale v. Bakken Shale Maikop & Related (Georgia) Bakken (North Dakota, 2,500 m USA) 40 m Metres Age (Sarmatian) U. Miocene 1000 Norio Field Productive Miocene Horizons 300 - 400 M. (MKP3) Burdigalia 300 -…
Block XIM Maikop Play Seismic line NOR13 Norio Field XIM PSC Block Shale Oil Play with Fracturing Shale Oil Play Shale Oil Play with Fracturing and sub-thrust Conventional Play Unconventional and Conventional Plays in same…
Maikop Shale has Good Potential Shale Resource Systems for Oil and Gas: Part 2 Shale-oil Resource Systems / 91 BACKGROUND Identifying source rocks in the oil window is the first step to identifying areas of potential petroleum…
Catalysts for the next 12 months Kazakhstan Increasing gas production and sales price to bring company to profitability Increase oil production through new drilling and optomisation Explore for more oil and gas Tajikistan…
Tethys Petroleum - Summary Operating E&P company with assets across Central Asia and Caspian Region UNIQUE OPERATIONS IN TWO CENTRAL ASIAN AND ONE CASPIAN REGION COUNTRY gives broad spread of regional and political risk cover First…
Tethys Petroleum Contacts Tethys Petroleum Investor Relations: Corporate brokers: Sabin Rossi Vice President Investor Relations FirstEnergy E-mail: srossitethyspetroleum.com Hugh Sanderson / David Van Erp Office: + 44 207 448 0200…
38Tethys sponsored horse racing on the Steppe, Bozoi, Kazakhstan The Spirit of Tethys