ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST January 2015
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Seven License Areas Founded in 2010 by The Addax & Oryx Group (AOG) Previously established, developed and sold Addax Petroleum 1.2 billion of equity capital including 870…
IMPLEMENTING A PROVEN STRATEGY Focus on Africa and the Middle East Known hydrocarbon basins Management experience and relationships Lead with in-house technical expertise Substantial equity positions Operatorship / technical…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) Gross (100%) (MMbbls) (1) Unrisked Contingent Oil Prospective Oil Oil Reserves Resources Resources Discovery: Feb 2013 Discovery: Oct 2013 Field 1P 2P 3P 1C 2C 3C Low Best High Demir…
DEMIR DAGH APPRAISAL AND DEVELOPMENT DRILLING Ten wells drilled to date Two deep wells to evaluate all reservoirs (DD-2 & 3) 2 Planned Wells Eight shallow wells to Cretaceous BAN-2 DD-5 DD-2 DD-10&11 (DD-4, 5, 6, 7, 8, 9, 10 & 11)…
DEMIR DAGH PROCESSING CAPACITY AND PRODUCTION GUIDANCE Current nameplate processing capacity of 20,000 bbl/d gross Nameplate Capacity Actual / Expected (100%) to increase to 60,000 bbl/d in 2015 Phase (bbl/d) Commission Date…
HAWLER NEAR TERM NETBACKS Realised Prices: Illustrative Netback (/bbl) Domestic: currently 40-45/ bbl Contractor Netback Export: Expect to be referenced to Brent Realised Price 40.00 60.00 80.00 Royalties 10% (4.00) (6.00) (8.00)…
ZEY GAWRA: APPRAISAL & DEVELOPMENT December 2013 ZEG-1 discovery in the Contingent Resources Cretaceous 81m column 4,800 bbl/d of Prospective 35 API Crude (1) Resources Matrix porosity similar to Demir Dagh Upside in Tertiary…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Shallow Working petroleum system with two shallow heavy oil discoveries in the 1960s Wells Planned Two deeper light oil play types Seismic amplitude prospects in Maastrichtian…
HAUTE MER A & HAUTE MER B (CONGO (BRAZZAVILLE)) Est Spud: 2H 2015 Wells Planned Discovery Est Spud: 1H 2015 Tested: Feb 2014 Haute Mer A Haute Mer B Elephant Discovery in 2013 PSC approved in Q2 2014 Successful…
FULL YEAR 2015 CAPITAL EXPENDITURE BUDGET 2015 Capital Expenditure Budget (mm) million Seismic Base 153 & Location License Drilling Facilities Studies Other Total Iraq Demir Dagh Development Drilling 88 Kurdistan Region Hawler…
2015 BUDGETED CAPITAL EXPENDITURE & FUNDING 1H 2015 focus (35%) 2H 2015 focus (65%) Budget Assumption Demir Dagh EPF and Demir Dagh PPF and 190 mm cash on hand at September 30, 2014 development wells development wells 100 mm capital…
A COMPELLING STORY RICH IN VALUE CATALYSTS Production Ramp-up and Resource Conversion at Demir Dagh Expansion of production facilities Appraisal and development drilling to provide production growth and potential conversion of…