Corporate Strategy To maximise the value of the Groups assets Comprehensively explore and appraise Morocco opportunities Capture the value inherent in Tunisia and Colombia projects Pursue valuable new opportunities created by the…
2015 Plans Commence production and receive revenues from Rharb Centre Gas discoveries First production and revenues from LTU-1 discovery Additional production from new DRC-1 discovery Mature Morocco oil prospects Inventory of…
Arawak Energy (Vitol) Strategic Co-operation Agreement Exceptional opportunity to work with a well respected industry partner providing access and financing for future acquisitions Arawak Energy is a substantial oil and gas company…
Audited Group WI Reserves Year End 2013 Group 2P Working Interest Remaining Reserves (MMboe) 2008-2013 Group WI 80 1.8 Reserves 1.5 1.4 70 74 MMboe USA Proved 2P Syria Reserves in 60 3.3 Syria 2P Working 50 Interest 4.7…
Audited Group WI Production Year End 2013 Group Working Interest Production (boepd) Group WI 2008-2013 Production 12000 USA Sanctions on Syria Syria 10000 severely 1091 curtailed 410 production 8000 Working 1091 Interest US…
Audited Group WI Resources Year End 2013 Group Working Interest Unrisked Resources Successful diversification in MMboe in post Syria period (Combined 2C & Best Estimate) Group WI Prospective 600 Resources 500 526 MMboe added WI…
Gulfsands 2015 Morocco Exploitation Strategy Acquisition of Morocco portfolio represents delivery on strategic corporate objectives: Operatorship of prospective onshore assets with a significant equity interest A portfolio of…
Gulfsands 2015 Morocco Exploitation Strategy Successful Morocco discoveries to be prioritised for commercialisation and additional exploration to be pursued after completion of fast tracked technical evaluation Poised to monetise gas…
Gulfsands Morocco Business Strategy Early monetising of Rharb Centre lower risk biogenic gas via production to create revenue generating Morocco Business Unit Vibroseis on Rharb Centre Permit 2014 Surplus revenues to assist in…
Morocco Fiscal Regime is Compelling State Tax Take % Minimum tax take Maximum tax take 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Kazakhstan Colombia Oman Yemen Egypt Tunisia Gabon Indonesia Morocco…
Fes, Moulay Bouchta & Rharb Sud Light Oil Exploration High Impact Oil Exploration Opportunities Moulay Bouchta & Rharb Sud Permits (75% WI**) contain legacy shallow oil fields and have shallow undrilled structures identified on legacy…
Gulfsands Identified Oil Prospects Rharb Sud, Moulay Bouchta & Fes Permits surface topography map Oil/Gas Plays Haricha Field Jurassic 3D Seismic Oil Leads Seeps BOU DRAA HARICHA EAST PROSPECT: WEST* Jurassic Jurassic…
Moroccos Rharb Gas Basin: Repeatable and Scalable E&P Success * 100% in exploration phase Shallow gas exploration in Circle Oil Rharb Centre Permit (75% Lalla Mimouna Permits 2014/15**: Circle Oil Sebou Permit 2014/15**: WI* &…
Gulfsands Discoveries and Prospects in the Rharb Basin Rharb Centre Permit LTU-1 Gas Discovery Well LTU-1 Gas Discovery in Rharb Centre Permit Flowed 6.6 MMscfpd on 28/64th choke 0% BSW 11 metres of net gas reservoir pay Anticipate…
Colombia Oil Projects Award of two Operated Blocks in 2013 Llanos Block 50, area 463.6 km2 , 55% WI & Operator Putumayo Block 14, area 513.7 km2 , 55% WI & Operator LLA-50 Partner Luna Energy (45%) carries Gulfsands for 10%…
Putumayo 14 Block Considered Highly Prospective Colombia N-S Faulting Trend On PUT 14 Block Sets Up Potential Traps for Oil Discoveries Caguan-Putumayo Basin Colombia Vetra/Surocos PUT 14 Cohembi Field Amerisurs…
Tunisia Exploration Project SAG Chaker trend: Chorbane Onshore Permit (WI 100%, Operator) Light Oil potential Sidi El Itayem Two Conventional Light Oil Plays oilfield 50 MMBO SDH-1 Dry Hole 41 API oil Light oil play in Tertiary…
Tunisia Onshore Prospective Resources Chorbane Permit Net Unrisked Prospective Resources (bcf) Exploration Prospect Horizon Working Interest Low Best High COS Lafaya Deep Jurassic Nara 100% 11 52 170 11% Sidi Dhaher Deep Jurassic Nara…
Syria Asset Overview Block 26 Oil & Gas Exploration & Production Exceptional onshore operated interest in Block 26 WI 50%, Sinochem partner Excellent PSC Terms & lifting costs Exceptionally productive reservoirs Khurbet East &…
Syria Block 26 WI Reserves & Resources Production Licences run for 25 years option to extend for a further 10 years Exploration Licence expired August 2012 Al Khairat Syrian Govt keen for Gulfsands to Exploration Licence Area…
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