BUILDING A FULL CYCLE E&P COMPANY FOCUSED ON OIL IN ESTABLISHED HYDROCARBON BASINS Founded in 2010 by AOG Seven License Areas AOG previously established, developed and sold Addax Petroleum March 2016 strategic investment by Zeg Oil…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) Gross(2) Proved Plus Probable Future Net Oil Reserves Revenue(3) 100% Working Interest Discovery: Feb 2013 Discovery: Oct 2013 Field (MMbbl) (MMbbl) (USMM) Wells Demir Dagh…
HAWLER LICENSE: FIELD DEVELOPMENT PLAN Banan (Cretaceous) 4 Demir Dagh (Cretaceous) 1 Two wells drilled to date with one DST Five producing wells Medium grade crude similar to Demir Medium grade crude (22 API average) Dagh Cretaceous…
DEMIR DAGH APPRAISAL AND DEVELOPMENT 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 appraise Demir Dagh Cretaceous (DD-4, 5, 6, 7, 8, 9, 10…
ZEY GAWRA ZEG-1 discovery in the Cretaceous Reserves 112 MMbbl Gross (100%) Proved Plus Prospective Resources Probable Oil Reserves(1) Light sweet crude (35 API) Matrix porosity similar to Demir Dagh 81m column 4,800 bbl/d…
ZEY GAWRA PROJECT Construction of new dedicated production facilities (25,000 bbl/d) at the first phase of development Khurmala field and a tie-back pipeline from the Zey Gawra field Long lead items already in place System…
DEMIR DAGH PRODUCTION FACILITIES 40,000 bbl/d facilities commissioned in September 2015 Located at Demir Dagh Two trains to accommodate both Cretaceous and Jurassic crude 10,000 bbl/d of water handling capacity Ability to measure…
KURDISTAN REGION: SUPPLY DYNAMICS ITP KRI - Turkey Export Sales: 40 & 46 pipelines, 600 & 900 Mbbl/d capacity 24/36 oil pipeline, 700 Mbbl/d capacity Via Turkey by truck or pipeline To Ceyhan Truck exports largely discontinued with…
HAWLER NEAR TERM NETBACKS Realised Prices: Illustrative Netback (/bbl) Export - Pipeline: Brent less 10-15/bbl Contractor Netback Export - Truck: Brent less 26/bbl Realised Price 25.00 40.00 55.00 Domestic - N/A Royalties 10%…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Shallow Working petroleum system with two shallow heavy oil discoveries in the 1960s Two deeper light oil play types Wells 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%…
ZEG OIL & GAS STRATEGIC INVESTMENT Zeg Equity Subscription Zeg Oil & Gas (Zeg Oil) investment of 30 million into Oryx Petroleum in consideration for 75.7 million newly issued common shares of Oryx Petroleum (Zeg Equity…
2016 CAPITAL EXPENDITURES AND G&A Full year 2016 Capital Expenditure Forecast of 62m million Forecast Hawler 58 Demir Dagh 18 Zey Gawra 40 West Africa & Corporate 5 Total 62 Key Capital Expenditures Demir Dagh-3…
LIQUIDITY AND BALANCE SHEET Liquidity Cash of 71.6 million as at March 31, 2016 20 million of Zey Gawra project work expected to be paid in Oryx Petroleum common shares AOG Credit Facility 98.1 million balance of principal plus…
WELL POSITIONED FOR 2016 AND BEYOND Production Ramp-up in the Kurdistan Region of Iraq Hawler production and export infrastructure in place Near-term focus on Zey Gawra field development with further Demir Dagh development to…
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