December 2013 Sonde Resources Corp Joint Oil Block Focusing our Business Plan and Accelerating Value Creation for Shareholders
Sonde - Now Sonde has been an amalgam of three different business missions, all competing for Capital and Human Resources Sonde Resources Corp W. Canada W. Canada N. Africa Producing Exploration Assets Assets Assets N.…
New Sonde Post Marquee Arrangement Sonde will become a Pure Play for Sonde Shareholders will also be invested North Africa, initially focused on in a Pure Play for oil development in the Exploration and Development Alberta, through…
New Sonde Assets After closing the Marquee Arrangement, Sonde will be a North Africa-focused Exploration and Development company, rich with Contingent and Prospective Resources. First production at Zarat will establish Sonde as a…
New Sonde Management Team 35 years experience 20 years experience VP / Commercial Director CFO Anglo Canadian Oil Corp Toufic Nassif Rene Beaumier for BP Libya VP Finance and Admin, Nexen President & CEO (1) Director of Negotiations…
December 2013 Sonde Resources Corp Joint Oil Block Zarat Field 10
Zarat Field 25,000 acre salt-cored anticline overlapping the Joint Oil Block and Tunisian Zarat License Eocene carbonate pay average 250 thick (gas / condensate cap over black oil rim) Vertical well test rates as high as 15 million…
Zarat Plan of Development: FPSO + Subsea wells 12
Zarat Plan of Development Producer Key principles (1) Injector Oil + condensate production begins in 2017, peak rate 24,000 bbl / day Produced gas will be re-injected for the first 7 years, allowing for accelerated development…
Zarat Field Contingent Resource (1) Management expects that the Zarat Contingent Resources will be converted to formal NI 51-101 3P Reserves once the Zarat Unit Agreement and Unit Plan of Development have been approved 14 (1) See…
Zarat Production Profile (1) 15 (1) See Slide 3 for additional information
Zarat Illustrative Economic Evaluation Scenario (1) 16 (1) See Slide 3 for additional information
Zarat Illustrative Economic Evaluation Scenario Assumptions (1) After 3.5X Initial Payout (2) Brent Price Per Barrel 100.00 100.00 First Party Share 30% (30.00) 30% (30.00) Net for Distribution 70.00 70.00 Available for Cost…
December 2013 Sonde Resources Corp Joint Oil Block Exploration Potential of the Joint Oil Block
Joint Oil Block Key Prospects (source: Dynamic Global Advisors) (1) (2) (3) Fisal from: BeicipFranlab/Joint Oil Summary Report 2004 Hadaf Siraj West & East Oil Zarat Deep Gas Hadaf Total Pmean Recoverable Siraj W&E Resource…
Fisal Prospect Fisal is a high-quality prospect with Eocene oil and Upper Cretaceous gas / condensate potential, immediately adjacent to Zarat Field Zarat Fisal Salt 20
Fisal Resource (source: Dynamic Global Advisors) (1) (2) (3) (1) The resources presented are the gross, un-risked volumes estimated for the indicated objective reservoirs without any adjustment for the Companys working interest or…
Hadaf Prospect Hadad is 35 sq. km. simple closure with Upper Cretaceous oil potential, in close proximity to the giant El Bouri oil complex in offshore Libya A A Carbonate Build-ups 22
Hadaf Resource (source: Dynamic Global Advisors) (1) (2) (3) B A Hadaf has 35 sq km inside simple closure, with easterly bounding fault re-forcing west-east dip C C A Sonde has only estimated resource potential for Douleb…
Siraj W. Prospect Siraj W. is a 53 sq. km. faulted anticline with Eocene oil and Upper Cretaceous gas / condensate potential Carbonate Build-ups Salt 24
Siraj E. Prospect Siraj E. is a 12 sq. km. faulted anticline structurally similar to Zarat Field Salt 25
Siraj W & E Resource (source: Dynamic Global Advisors) (1) (2) (3) (1) The resources presented are the gross, un-risked volumes estimated for the indicated objective reservoirs without any adjustment for the Companys working…
Anticipated Operations Timeline 27
W. Canada Oil Resource Plays December, 2013
Sonde Oil Resource Plays Theme: Carbonate Oil Resource Wabamun: 51,100 net acres (160-320 net Hz locations) Duvernay: 47,050 net acres (290 net Hz locations) Alberta All 100% WI & Operated, no AMIs or JVs, 85% have been purchased…
Duvernay Oil Resource Play Summary Inter-bedded Leduc fore-reef talus and outer shelf / slope / deep water hybrid deposits form Bakken-like resource system Many key wells mis-classified as Leduc or Beaverhill Lake; Sonde has built…
Sonde Duvernay Lands 47,050 Net Acres 100% WI Sturgeon Lake Windfall 31
Duvernay Hydrocarbon Type & Sweet Spots (sweet spots = hot colors = high Phi*H values) Sonde Land Sturgeon Lake Key Tests and Producers Oil Wet Gas Sold 7/2013 Dry Gas Sonde Land Windfall 32
Wabamun Play Characteristics 400,000 ac sweetspot with average oil column height of 120 Commercial characteristics are well-established in vertical wells; ability to cost- effectively increase EURs with HZ wells remains unproven, but…
Sonde Wabamun Lands 51,000 Net Acres 100% WI Golden Key 2013 Horizontal Disovery Belloy D-1A Wabamun Pool Belloy D-1B Wabamun Pool Eaglesham Wabamun Pool Sonde 16-25 Vertical Producer Cindy Wabamun Pool 34
Wabamun Play Concept Mean PEF (bright = Dolomite) Dawson Creek Fault (NE Seal) Producing Area Initial Reservoir Pressure (400,000 acres) (Bright = overpressure) Reservoir: Subtidal Dolomite and Limestone Trap: Sharp…
Wabamun Production Characteristics (Northern Sweet Spot) EUR…
Message to Shareholders Through the previously-announced Marquee Arrangement, Sonde intends to better focus and leverage its assets, capital programs and human assets New Sonde has a substantial growth proposition through its rich…
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