Pareto Securities Oil & Gas Conference 10 September 2014, Oslo A Lundin Group Company
Kurdistan Political Developments 3 Security situation in Kurdistan has improved significantly with a number of oil companies Kurdistan recommencing drilling operations in the region. Extensive international support for…
Kurdistan Oil Exports 4 Kurdish oil exports ongoing through the KRG export crude pipeline. Operations uninterrupted by regional conflict with exports projected to reach 400,000 bopd by end 2014. Kurdistan crude in Ceyhan being…
Atrush Block - History of a World Class Oil Discovery 5 2011 Jurassic oil discovery. 2012 AT-2 appraisal well confirms deeper Jurassic formations and excellent reservoir properties and high well deliverability (tested 42,200…
Overall FDP Philosophy 6 Field development is a phased, modular, expandable and value accretive process (Chiya Khere facilities). Development initiated on the West/Central portion of the block leveraging knowledge from the…
Atrush Block - Part of an Accelerated Regional Development 7 FDP approved in Sep 2013. Phase 1 (FP1) execution underway. Main contracts for the Chiya Khere production facilities modules and civil engineering works FP1 awarded.…
Atrush Block FP1: Chiya Khere Facilities 8 Modular concept, with provision included to expand and replicate. Capable of handling liquid rates of 30,000 bopd, initially. Maximize gas utilization. Minimize sour gas flaring with…
Recent Drilling Highlights 9 AT-4: High-angle deviated well demonstrating viability of developing field despite limited surface accessibility. Highest well on structure. Tested over 9000 bopd* of 26 API oil from two tests. No…
Wells in the FP1 Development & FP2 Appraisal Areas 10 FP1 FP2 FP1 Initial Development Phase: 4 Producers and facilities including pipeline. First oil expected in Q3 2015. FP2 Appraisal Area: Drill & test CK-6 (spudding Oct…
Corporate Financial Position 12 Cash Position* July 31, 2014: 94 MM Forecasted Expenditure Aug-Dec 2014: Atrush CAPEX Budget** 42 MM Debt Service / Other Costs 12 MM Total: 54 MM GEPs Bonds were listed on Oslo Brs on…
The Lundin Group 13 11 Companies - Combined Market Cap 15.4 Billion Oil Exploration Oil Production Mining Exploration Mining Production Other A Lundin Group Company
Corporate Profile 14 SNM Share PRICE : TSX.V Symbol TSX V & NASDAQ OMX First North: SNM Share Capital Issued and outstanding: 810,983,860 shares Fully diluted 819,247,194 shares Market Capitalisation ( 3rd September 2014)…
Technical Appendices A Lundin Group Company
2014 Changes in Atrush Block Nomenclature 16 The Atrush Management Committee and MNR confirmed the following changes to terminology used with respect to activity on the Atrush Block, effective 2014: Atrush Block, Atrush PSC &…
Atrush Block Historic Well Summaries 17 AT-1 (2011): Discovery well with indicative large volumes but large volumetric uncertainty. 510m gross oil column in well with nearly 400m of uncertainty on Free Water Level (FWL). Test rates…
Atrush Discovery Reservoir Description 18 Barsarin Reservoir comprised of stacked formations of Jurassic age: (Barsarin, Naokelekan, Upper & Lower Sargelu, Alan & Mus)* . Massive & interbedded carbonates: Type-I (fracture…
Loading...
