ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST August 2014
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Founded in 2010 by The Addax & Oryx Group (AOG) Six License Areas Previously established, developed and sold Addax Petroleum Two discoveries of oil reserves made in 2013…
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: Oct 2013 Discovery: Feb 2013 Field 1P 2P 3P 1C 2C 3C Low Best High Demir…
DEMIR DAGH APPRAISAL AND DEVELOPMENT Five wells drilled including Demir Dagh-2 discovery well Two deep wells to evaluate all reservoirs (Demir Dagh-2 & 3) Three shallow wells to Cretaceous BAN-2 DD-5 DD-G DD-2 DD-7&8 (Demir…
DEMIR DAGH: ILLUSTRATIVE NEAR TERM PRODUCTION PROFILE 100000 bbl/d Production targets (gross (100%))(1) 90000 Q2 2014 : First Production 80000 Q4 2014 : 25,000 bbl/d 70000 2015 : 40,000 bbl/d 2016 : 100,000 bbl/d 60000 50000…
HAWLER NEAR TERM NETBACKS Illustrative Netback (/bbl) Contractor Profit oil and Oryx Petroleum capacity building payment assumes Contractor Netback R…
KURDISTAN SALES DYNAMICS Domestic Sales: Well established and growing market ITP 40 & 46 pipelines KRI - Turkey 24/36 oil pipeline Taq Taq - Khurmala 20 oil pipeline 600 & 900 Mbbl/d capacity 300 Mbbl/d initial capacity 150-200…
ZEY GAWRA AND AIN AL SAFRA APPRAISAL Zey Gawra (ZEG-1) Discovery December 2013 discovery in the Cretaceous 2P Reserves(1) of 71 MMbbls in Cretaceous Max sustained rate of 4,800 bbl/d of oil for a 15 hour period of 35 API crude(2)…
FULL YEAR 2014 CAPITAL EXPENDITURE FORECAST 2014 Capital Expenditure Forecast (mm) Balance of 2014 Capital Expenditures Seismic 180 to 220 million & Location License Drilling Facilities Studies Other Total 3 rigs in Hawler Iraq…
2014 SOURCES AND USES OF CASH 200 Offering proceeds and cash on hand to meet funding requirements into 2015 180 Cash flow from sales would further 160 strengthen funding position 140 2015 capital needs a function of Kurdistan…
A COMPELLING STORY RICH IN VALUE CATALYSTS Production Ramp-up and Resource Conversion at Demir Dagh Gross Production of 25,000 bbl/d targeted by end of 2014 Appraisal and development drilling to provide production growth and…