Objectives Leverage Regional Window of Double Production Expertise: Opportunity: & Reserves: To increase stakeholder To capture assets and within 18-24 months value develop their potential A unique investment opportunity…
Focused on Egypt Egypt Turnaround: Uptick in Activity Ministry: New Minister with delegated authority Reforms: Historic 8.5bn. stimulus package, fiscal reform, EGX confidence, Credit Rating upgrade Payments: Ministry recently made…
Assets PRESENT IN GULF OF SUEZ AND NILE DELTA PROLIFIC BASINS WITH STRONG IOC PRESENCE Gulf of Suez Building a Fairway: 3 concessions with Proven Reserves NW Gemsa : solid production base Shukheir Marine : appraisal potential…
Recent Developments Solid Results Portfolio Optimization HIGHLIGHTS SOUTH RAMADAN - DEC. 2013 55% Increase in Production 1,783 Mboepd Offset of BP Saqara Discovery Largest discovery in Gulf of Suez in 20 yrs Reduced Receivables to 1…
Gulf of Suez Fairway North West Gemsa Asset Map 10% Working Interest EGYPT CAIRO 13,337 boepd Current avg. production (gross), March 2014 SHEHAB GULF OF GEYAD 37 MMboe 2P Reserves (gross) as of 31 Dec. 2013 SUEZ AL AMIR 14.0…
Gulf of Suez Fairway - Shukheir Marine Fields Asset Map 100% Working Interest 400 boepd Current production (gross), March 2014 0.1 MMboe 2P Reserves (gross) as of 31 Dec. 2013 13.5 MMbbl Cumulative production to Dec 2013…
Gulf of Suez Fairway South Ramadan Asset Map 12.75% Working Interest MEDITERRANEAN 2 wells shut in due to well mechanical CAIRO Shut-in failure, platform in good standing EGYPT GULF OF SUEZ TBD 2P Reserves (gross) as of 31 Dec.…
Further Exploration Potential South Disouq Asset Map 100% Working Interest 1,275 km2 Concession area 1.5 TCF Resource potential 6.3 TCF 2P Reserves in Abu Madi Baltim Trend (IHS) 100 MMboe Acquired in the latest EGAS bid…
2014 Work Program Work Plan: 2014 Capex Budget 8.5 MM Develop NW Gemsa Bonus (SD+SHM) 6.0 MM Map Shukheir Marine Prospects NWG (3 wells & 1 W/O) 2.0 MM Study South Ramadan & South Disouq SHM (1 W/O) 0.5 MM 2014 Activity Comments…
SDX NAV Overview Net Asset Value (Management Estimate as at 1/1/2014) SEA DRAGON Core NAV : 84 MM 22 cts/sh as at 1/1/2014, at 100 Brent flat Management Assets WI 2P Mmboe PV10 MM PV10/2P PV10ct/sh 2P Reserves NPV 79 MM 20 cts/sh…
Our Goal Building Value in Egypt Operating history and Political situation EGYPT REMAINS Sea Dragon Team strong in-country creates opportunities in OUR FOCUS knows the region relationships a buyers market SEA DRAGON Strong…
Thank You Sea Dragon Energy Inc. SDX.V Email: sarahseadragonenergy.com Website: www.seadragonenergy.com London Cairo Sea Dragon Energy Sea Dragon Energy 38 Welbeck Street 12, Al Nahda Street London, W1G 8DP El-Maadi,…
Management Said ARRATA, Executive Chairman Chairman and CEO of Centurion Energy 40+ years 40,000 boepd 1.2 billion International Inc. until its acquisition in 2007 by Experience in oil Mr. Arrata built Centurion Centurion was sold…
APPENDIX: EGYPT OVERVIEW Country Facts(1, 2) Egyptian Economy(1, 2) Full Name: Arab Republic of Egypt GDP (2012): USD 254.4 Billion Population: 85.3 MM GDP Growth (2012): 2.2% Area: 1,001,450 km2 Capital: Cairo Annual Growth: rate…
APPENDIX: INVESTING IN EGYPTS O&G INDUSTRY Strategically important industry in the region, for Europe and international markets and for domestic consumption A KEY COUNTRY IN NORTH AFRICA AND FOR EUROPE A PLIGHT TO INCREASE…
APPENDIX: INVESTING IN EGYPTS O&G INDUSTRY Strategically important oil & gas sector, representing 25% of the governments fiscal revenues and c. 70% of Foreign Direct Investments EGYPT OIL HIGHLIGHTS : EGYPT GAS HIGHLIGHTS : 3rd…
APPENDIX: EGYPTS O&G FRAMEWORK A WELL ESTABLISHED AND EFFECTIVE LEGAL AND REGULATORY FRAMEWORK A 100-YEAR OLD INDUSTRY Solid legal framework since 1957 Regulated by EGPC, EGAS and Ganope Concessions awarded in transparent bid rounds…
APPENDIX: EGYPT OIL AND GAS INFRASTRUCTURE Oil Pipelines Gas Pipelines 20
APPENDIX: PROLIFIC GULF OF SUEZ BASIN Gulf of Suez (GoS) Main Operators: ENI, BP, Apache : 60% prod Shell, BG, RWE Production : Oil : 700 Mbopd Gas : 6 bcf/d Reserves : Bulk of Egypts oil reserves Large hub for development…
APPENDIX: GEOLOGY GULF OF SUEZ AND NILE DELTA Gulf of Suez Stratigraphic Column Nile Delta/Mediterranean Stratigraphic Column AGE FORMATION OIL OIL & GAS GAS/ PLIOC. - PLIEST POST MIOCENE AGE FORMATION GAS ) CONDENSATE RAS MALAAB…
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