Gulfsands Petroleum plc Investor Presentation London 13-15 May 2014 AIM: GPX
Gulfsands Overview E&P company with focus on MENA region Market cap 100 million, AIM listed WI 2P Reserves 76 MMboe Operated Assets onshore Northern Morocco High impact light oil exploration, medium risk Lower risk shallow gas…
Group WI Production & Reserves/Resources at YE2013 Group Working Interest Production (boepd) 2008-2013 Group Production 12000 USA EU Sanctions on Syria have Syria 10000 1091 curtailed production 410 8000 Working 1091 Small…
Gulfsands: Exploring in Northern Morocco Exploration for hydrocarbons in Northern Morocco began decades ago with the discovery of a number of smaller oil fields Gulfsands Petroleum Morocco Limited has assembled a large and…
Morocco Fiscal Regime State Tax Take % Minimum tax take Maximum tax take 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Kazakhstan Colombia Oman Yemen Tunisia Gabon Egypt Indonesia Morocco Syria Morocco…
Brief Exploration History of the Rharb and Prerif Gulfsands entry in Northern Morocco Mainly Oil Discoveries Mainly Gas Discoveries Creation of ONAREP. Bled Khatara Onset of increased & Haricha Oil exploration for gas in ONHYM…
Summary of Oil and Gas Prospectivity Shallow biogenic gas play…
Exploration Focus Areas in Prerif and Ridges Oil/Gas Plays Haricha Field Jurassic Gas 3D Seismic Oil Leads Play Seeps Zalagh Jurassic Thrust Jurassic Prospect Leads Faults Leads Jurassic Leads The newly awarded Moulay…
Fes Lead Inventory (after Senergy 2012) Airborne gravity data and subsequent model driven interpretation has identified a significant number of potential structural culminations within the Fes block area Gravity model…
Zalagh Prospective Oil Resources (after TRACS CPR 2012) Line 80-BR-5 Line FESN-98-06 AZH-1 N S Zalagh prospect map Zalagh AZH-1 30 km Zalagh Gross P50 Resources Reservoir Rec. Vol. (mmbo) Geologic COS Miocene…
Gulfsands Fes Permit Resources Summary YE2013 Fes Permit Net Unrisked Prospective Resources (MMboe) Jurassic Working Interest Low Best High Total Prospective Resources 50% 21.3 478.0 2250.1 Includes Zalagh Prospect plus 8 other…
Rharb Centre Permit: Gas Exploration / Exploitation Gulfsands 75% WI & Operator Exploration for biogenic gas Upper Miocene aged reservoirs Gas reservoirs visible as seismic amplitude anomalies Mature Basin Gulfsands 2013 Historic…
Merging Legacy 2D and New 3D Data WNW Legacy 2D Seismic Line 3D Seismic Survey Area ESE GPML-X A new exploration well Down-dip well will test a structure with a encountered 7 metres strong amplitude of net sand (water)…
Gulfsands Rharb Centre Permit Resources Summary YE2013 Net Unrisked Contingent Resources (Bcf) Well Horizon Working Interest 1C 2C 3C BFD-1 Upper Miocene 75% 0.26 0.72 1.88 DNO-1 Upper Miocene 75% 0.37 1.25 4.25 Total Contingent…
Gulfsands: Morocco Exploration Plans for 2014 In 2014, Gulfsands plans in Morocco include Rharb Basin Gas Exploration Drilling based on new 3D seismic data identify remaining gas prospects optimize drilling locations Prerif Oil…
Tunisia: Chorbane Permit Working Interest: 70% (Operator) Working Interest: 100% and Operator Sidi El Itayem Oilfield EUR 50 MMbo Permit Area: 1940 km2, after mandatory Permit Area: 1940 km2, after mandatory relinquishment of 490 km2…
Chorbane Permit: Exploration Plays Conventional Light Oil Plays SAG Chaker trend: Light oil play in Tertiary Cretaceous targets on the SAG Chorbane trend Oil potential SDH-1 Dry Hole P&A 2012 Bireno trend light oil play for…
Tunisia Prospective Resources: Chorbane Permit 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…
Gulfsands Chorbane Permit Resources Summary YE2013 Chorbane Permit Net Unrisked Prospective Resources (MMbo) Exploration Prospect Horizon Working Interest Low Best High COS Sidi Agareb Eocene Reineche 100% 4 10 21 18% Eocene…
Proposed Chorbane 2D Seismic Programme Sidi Agareb Prospect Programme Acquire 66 line kms of 2D Objectives - Infill existing sparse grid over structure crest to improve mapping confidence at several target levels in Eocene to Upper…
Colombia: Diversification of Portfolio Award of Two Operated Blocks in 2013 Llanos Block 50 463.6 km2 Putumayo Block 14 513.7 km2 Prospective Areas for Oil Both blocks which are considered frontier in nature On trend with existing…
Production Licences and Oil Fields in Putamayo Basin The Putumayo Basin in Colombia is PLATANILLO FIELD DISCOVERY AND a part of a larger geological ECUADOR TREND province formed by the Maraon Basin in Peru, and Oriente Basin in GPX…
Putumayo Block 14 Cohembi Oil Field Working hydrocarbon system- Cretaceous source, Cretaceous Villeta Formation reservoirs, regional seal present Proven abundant oil generation/migration in the basin Poor seismic coverage -…
Llanos Block 50 CAO LIMON AREA LA HELIERA-1 YOLI- 1 STELLA-1 CENTRAL PROVINCE Located between the prolific Central Llanos Province and the Cano Limon Giant Oil Field Abundant oil generation and proven long…
Summary of Gulfsands Activity Gulfsands onshore Morocco acreage will be the subject of a focused exploration effort during 2014 and beyond The Morocco acreage portfolio fits with our Corporate strategic criteria: Operatorship of…
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