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 with facilities in place Medium grade crude similar to Demir Dagh Medium grade crude (22…
DEMIR DAGH FIELD APPRAISAL AND DEVELOPMENT 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 Eight shallow wells to appraise Reserves Cretaceous (DD-4,…
ZEY GAWRA DISCOVERY ZEG-1 discovery in the Cretaceous 112 MMbbl Gross (100%) Proved Plus Reserves Probable Oil Reserves(1) Prospective Resources Light sweet crude (35 API) Matrix porosity similar to Demir Dagh Higher recovery…
ZEY GAWRA DEVELOPMENT Completion of two wells in 2H 2016 Re-entry and completion of the ZAB-1 well targeting Tertiary reservoirs Sidetrack and completion of Zey Gawra-1 discovery well targeting Cretaceous reservoirs Each well…
HAWLER PRODUCTION FACILITIES 40,000 bbl/d facilities at Demir Dagh commissioned in September 2015 Two trains to accommodate both Cretaceous and Jurassic crude 10,000 bbl/d of water handling capacity Ability to measure and monitor…
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 pipeline or truck To Ceyhan Pipeline expected to be principal…
HAWLER NEAR TERM NETBACKS Illustrative Netback (/bbl) Realised Prices: Contractor Netback Export - Pipeline: Brent less 12/bbl with Realised Price 30.00 40.00 50.00 adjustment for API gravity and sulphur content Royalties 10%…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Central 750 km2 of seismic obligation in initial 3-year exploration phase 3,150 km2 licence area in water depths of 100 - 1,500m Wells Planned Carbonate edge play type similar to…
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 Full year 2016 Capital Expenditure Forecast of 32m million Forecast Hawler Demir Dagh 13 Zey Gawra 17 West Africa & Corporate 2 Total 32 Key Capital Expenditures Two wells at Zey Gawra (re-entry…
LIQUIDITY AND BALANCE SHEET Liquidity Cash of 56.4 million as at June 30, 2016 20 million of Zey Gawra project work expected to be paid in Oryx Petroleum common shares AOG Credit Facility 100.6 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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