UNLOCKING THE HYDROCARBON PROMISE OF MOROCCO. PetroMaroc Investor Presentation July 2014
TO BE THE LEADING HYDROCARBON PRODUCER IN MOROCCO. PETROMAROCS VISION 2
PETROMAROC APPLIES DISCIPLINED, WELL PROVEN TECHNOLOGIES AND RISK MANAGEMENT PRACTICES TO CREATE LONG-TERM VALUE FROM NATURAL GAS AND OIL FOR ITS SHAREHOLDERS AND THE PEOPLE OF MOROCCO. PETROMAROCS MISSION 3
PetroMaroc leadership team. DIRECTORS MANAGEMENT Dennis A. Sharp, Executive Chairman D. Campbell Deacon, Non-Executive Director Dennis Sharp, Interim Chief Executive Officer Yogeshwar Sharma, Non-Executive Director Martin Arch,…
PetroMaroc Corporate Snapshot Market Information Cash balance: Stock Exchange TSX-V 31 March 2014 US 2.8M Trading Symbol LOI / PMA (unaudited) Share Price (at 6 June, 2014) C0.31 Basic Shares Outstanding 81.1MM Debenture financing:…
PetroMaroc Organization 6
PetroMaroc operational update; Summary and Conclusions The Kechoula drilling campaign has discovered a significant natural gas opportunity in the lower Liassic formation. The Lower Liassic formation has the geological characteristics…
PetroMarocs resource value-creation process Concept Prospective Identify the potential Resources Where do we choose to operate Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects Obtain…
The Kingdom of Morocco 9
Identifying the potential Morocco PROVEN Price of gas FAVOURABLE PETROLEUM Hydrocarbon Source Migration Royalty and taxation ECONOMICS SYSTEM Reservoir rocks Price of entry Seals and traps HUGE DEMAND Energy deficit…
Gas Monetisation Opportunities Moroccan Economic Landscape Undersupplied Morocco imports 99% of oil, 91% of gas Africas 2nd largest importer Energy bill of US13 billion, half of the trade deficit Strong domestic Energy demand +54%…
Gas Monetisation Opportunities Local Gas Market: opportunities and upside potential Phosphate Morocco is home to 85% (51 billion tons) of the worlds known phosphate reserve Industry / OCP African Development Bank loaned 250 million…
Producing basins in northern and central Morocco 13
The Kingdom of Morocco Capital: Rabat. Official language: Arabic Area: 274,460 sq mi (710,850 sq km) Population: About 32 million Chief products: Agriculture, Manufacturing, Mining phosphate rock, phosphoric acid Political system:…
Capturing the Opportunity; Acquiring exploration licenses Sidi Moktar: Drilled two wells. (100%gr., 50%net) Sidi Moussa: Farmed out to Genel. Well planned for 4Q 2014. (2.0%gr, 1.5%net) Foum Draa: Farmed out to Cairn. Dry Hole.…
Explore for drillable prospects; PMAs Sidi Moktar Exploration License 16
PetroMarocs current Sidi Moktar License Essaouira Kechoula structure Meskala pool 17
The Kechoula prospect in the Sidi Moktar Exploration License KOBA MESKALA POOL KECHOULA STRUCTURE HYDROCARBON SOURCE/KITCHEN 1818
KOBA-1; Drilling results LITHOLOG GAS CHROMATOGRAPH 45M OF GROSS WITH A LOWER LIASSIC VERY RESERVOIR STRONG SAND. INCREASE IN GAS CONTENT INFLUX OF (in ppm)_ GAS. SIGNIFICANT INFLOW OF WATER AT 1873m DUE TO THE DAMAGE OF…
Koba-1; a Discovery or an Occurrence Occurrence: Gas inflow from chromatograph Visual description of reservoir quality Lithology from well cuttings Clean sand from Gamma ray log Mineralogy and petrography from core Visual porosity…
Results of core analyses; rock descriptions from thin sections Conventional reservoir: Unconventional reservoir: Non-Reservoir: High porosity and Low porosity and No porosity or permeability. permeability. permeability 2121
Core Analyses; Permeability vs. Porosity High Quality Medium Quality CURRENT PRODUCTION FROM MESKALA. Tight Gas 2222
Classification of the Lower Liassic reservoir quality for Koba-1 CONVENTIONAL UNCONVENTIONAL 23
Koba-1 demonstrated that the Kechoula structure has Lower Liassic reservoir which is gas charged KOBA-1 KAMAR 24
The Kechoula Structure in 3-D, showing the Koba and Kamar drilling locations KOBA KAMAR MESKALA POOL KECHOULA STRUCTURE 25
KAMAR-1; Geological prognosis and drilling design 26
Kamar-1: Drilling curve LOWER Pressure increase LIASSIC Contract depth Actual Final Total Depth TRIASSIC Planned Final total depth 27
Kamar-1: Slow drilling Hard and abrasive rocks in the shallower section damaged the PDC bits which dramatically reduced the rate of penetration 28
Kamar-1: New gas bearing zone encountered GAS LITHOLOG CHROMATOGRAH 29
Kamar-1: Lower Liassic reservoir section and logs showing gas pay LITHOLOG WIRELINE LOGS 30
Log analysis: Lower Liassic zone Kamar-1 GAS SAND 31
Kamar demonstrated gas present in Lower Liassic down-dip of Koba location KOBA-1 KAMAR 32
Koba and Kamar demonstrate that the entire Kechoula structure is gas filled KOBA KAMAR KECHOULA STRUCTRE 5KM MESKALA 33
Classification of the Lower Liassic reservoir quality for Kamar and Koba-1 CONVENTIONAL UNCONVENTIONAL 34
Kechoula structure: potential size of the prize CONVENTIONAL 350- 500BCF Multiple UNCONVENTIONAL TCFs 35
Koba and Kamar wells have been suspended KOBA KAMAR 36
Our resource value-creation process. Where we are now Identify the potential Concept Prospective Where do we want to operate Resources Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects…
Understand the size and productive capacity of the reservoir Appraise these natural gas finds with the most cost-effective technologies, including advanced completion techniques, to determine highest potential value Testing program…
Planned operations - next steps Forward operational plans: Testing and evaluating the existing wells and data Acquire 3D seismic over the Kechoula structure Drill 2-3 additional delineation and appraisal wells on the Kechoula…
Our resource value-creation process. Where we are now Identify the potential Concept Prospective Where do we want to operate Resources Capture the opportunity Play/Lead Acquire exploration licenses. Explore for drillable prospects…
Kechoula development will probably use conventional and unconventional technologies 41
Other prospective structures on the Sidi Moktar license. KECHOULA STRUCTRE MESKALA (current production) Sub-sea Depth - Metres 42
Existing Infrastructure and Opportunities 5km Existing infrastructure Gas moved via 8 pipeline with spare capacity to OCP phosphate mine spare capacity, subject to technical feasibility KO-1 ONHYM moving condensate to KA-1…
PetroMaroc operational update; Summary and Conclusions The Kechoula drilling campaign has discovered a significant natural gas opportunity in the lower Liassic formation. The Lower Liassic formation has the geological characteristics…
Join PetroMaroc in pursuit of unlocking Moroccos promise May 16 (Reuters) - Moroccan authorities said on Friday gas drilling by Longreach had found encouraging signs in the Kamar-1 well, located at Sidi Moktar, near the city of…
UNLOCKING THE HYDROCARBON PROMISE OF MOROCCO. PetroMaroc Investor Presentation July 2014
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