Acquisition of Alpay Enerji A.S. (Turkey) SLE and Server Fatih Alpay (SFA), 95% owner of Alpay Enerji A.S. (Alpay), have reached an agreement under which San Leon is to acquire 75% (subject to regualtory consents) of the share…
Value Drivers for San Leon Shareholders PROVED RESERVES Gross Proved Reserves (1P) 6.5 BCF1 in Hatay Licence (4396) on HamamYesiltepe Structure Esmeli1 well producing 60 BOPD (2P reserves estimated 8.0 MMBO ARAR company estimate);…
Alpay Enerji + ARAR Licenses Alpay Blocks Source: Turkey Energy Ministry 5
Existing Reserves and Resources Exploration 973.1 Unrisked 629.6 539.6 Appraisal 444.8 374.6 Development 221.5 Risked 159.2 Hamam-1 Yesiltepe-1 46.6 Source: Senergy CPR dated July 2012 6
Planned Work Programme Phase I Tiein Existing Discoveries (Estimated 18.5 million Capex) Drill 3 exploration wells (Goz1, Gulhanim3, and Sungur1) in 2013 to prove further reserves & fulfill licence commitments Workover on up to 5…
Phase 1 Work Programme 18.5 million gross work programme expected to increase production from 250 MCFD + 60 BOPD to 10 MMCF/D + 100 BOPD by Q1 2014 AFE Expected EUR (US million) Gas (BCF) Oil (BBO) Hatay Block (4396) 11.0 km gas…
Estimated Cumulative Production Phase I Phase II Phase II ARAR 9
Turkey: Attractive E&P Investment Environment Key facts on Turkish gas production and Favourable fiscal environment: consumption: 12.5% Royalty Underexplored proven hydrocarbon 20% Corporate Income Tax systems 5% Withholding Tax…
Section 2 ALPAY OVERVIEW 11
Alpay Overview Alpays key existing assets are 7 licences: 3 in Hatay (Iskenderun Basin), 3 in the Adana subbasin and 1 in Konya (Tuz Golu Basin) covering 842,094 acres Alpay Highlights Licence Map Proven gasproducing regions and…
Hamam1 Workover Increase gas production by shutting off water Block: 4396 Well: Hamam1 Status: CNG Production Tested: 4.5 6.8 MMCFD Production: 0.57 MMCFD on 01 Jan 2013 (constrained by CNG) Estimated production: 1.5 MMCFD (post…
Hamam1 Workover Straightforward, lowcost workover (500,000) planned to increase gas production by shutting off water Short lead time SLE operational experience Typical of improvements required on existing wells Existing production, to…
Hatay District Drilled Well (Ready For WO) Yesiltepe1 Block: 4396 Prospect: Yesiltepe Well: Yesiltepe1 Status: Ready for workover Tested: 1.7 3.2 MMCFD Estimated Production: 2.3 MMCFD (post workover) 15
Yesiltepe Workover Straightforward, lowcost workover (900,000) planned to increase gas production by shutting off water Short lead time SLE operational experience Typical of improvements required on existing wells Existing production,…
Konya Basin Gulhanim2: well currently testing Block: 4077 Prospect: Gulhanim Well: Gulhanim2 Status: Selling constrained quantity of gas as CNG Test: 0.5 MMCFD + 3 BOPD of Light Oil Light Oil from Gulhanim-2 17
Konya Basin Gulhanim3: planned appraisal well Block 4077 Gulhanim3 Appraisal Well: Upstructure test of continuous pay zones encountered by GH1, GH2, and Karapinar1 wells GH-3 2.8 million estimated completed cost W 1,500m planned…
Section 3 ADDITIONAL NINE LICENCES 19
Alpay Energy: Addition of 9 ARAR Blocks Diyarbakir Area Alpay to select 9 Blocks from ARAR Block: 4226 Field: Esmeli Wells: Esmeli1, Bag1 Status: Test production of 100 BOPD 1 in Anatolia Basin: 4226 Oil production Average sale of…
Tuz Golu Basin Sungur1: planned exploration well Sungur1 Exploration Well: Test of a shallow (600m) amplitude anomaly showing a flat spot which suggests a fluid contact Approximate Low cost 300,000 estimated for dry hole 3.3 sq…
Section 4 SUMMARY 22
San Leon Energy Plc Asset Overview Extensive Acreage Base Core Areas Gross Net 2 Licences Country Name Acres KM Acres KM2 Poland 6,842,453 27,690 4,911,451 19,876 42 Morocco 9,083,074 36,758 4,241,093 17,163 6 Turkey 1,871,238 7,573…
Summary 1P reserves of 6.5 BCF; 2P Reserves of 47 BCF; 2C resources of 141 Bcf Production increases from current level of 250 MCFD and 60 BOPD to 10 MMCFD and 100 BOPD by end Q1 2014 San Leon cash flow positive projected on a…
Additional Information TURKEYS MAIN SEDIMENTARY BASINS 25
Regional Geological Setting Highly complex geology, which is under explored. Turkeys landmass consists of multiple continental fragments which came together in Alpine Orogeny. Turkey straddles four tectonic plates, with most of…
Turkey Sedimentary Basins 27
Adana/Iskenderun Basin The Adana/Iskenderun Basin is located northeast of Iskenderun Bay on Turkeys southeast Mediterranean coast, adjacent to the border with Syria. Basin lies at junction of three continental plates (African,…
Iskenderun Basin Petroleum System 29
Anatolian Basin The Anatolian Basin is an extension of the oilprone Arabian Plate, with similar geology to Northern Iraq and Syria. The basin is the main oilproducing region in Turkey. Over 100 fields have been discovered, with…
Anatolian Basin Petroleum System Principal source rock(s): Dadas Shale (Ordovician) Late Cretaceous Carbonates (Karabogaz and KarababaA) Principal reservoir rocks: Late Palaeocene (Sinan & Garzan) Late Cretaceous Mardin Carbonates…
Thrace Basin The Thrace Basin is located in northwest Turkey, north of the Marmara Sea in the European section of Turkey. The intermontane faultbounded basin is one of the largest Tertiary sedimentary basins in Turkey. Structurally,…
Thrace Basin Petroleum System Principal source rock(s): Oligocene: Mezardere (TOC runs between 17%) Shales Eocene: Hamitabat Shales Principal reservoir rocks: Eocene: Hamitabat Sandstone Eocene: Ceylan Tuffs Eocene: Sogucak…
Tuz Golu Basin The Tuz Golu (Salt Lake) Basin in Central Anatolia lies in the area of Lake Tuz Golu, located 150 km south of Ankara. The basin is underexplored and tectonically complex. The basin is located at or near the boundaries…
Tuz Golu Basin Petroleum System Principal source rock(s): Upper Cretaceous (Senonian): Black shales Upper Cretaceous (Senonian): Open marine claystones Principal reservoir rocks: Palaeocene: Algal Limestone unit Palaeocene…
NovaSeis & GeoSens NovaSeis Inhouse seismic operation Competitive advantage Significantly lower cost seismic programmes Exclusive use by San Leon Operational flexibility Historically focussed on our licences in Morocco and…
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