Egypt Focus 1. Production Fairway in the Gulf of Suez (NW Gemsa, Shukheir Marine, South Ramadan) 2. Exploration fairway in the Nile Delta (South Disouq) where management had success in the past 3. Focused on Proven Reserves at…
SDX Highlights Experienced Management Team High Impact Drilling in Nile Delta Solid In-Country Presence Political Stability & Improving Business Climate Established Relationship with Government Established Industry with…
Improved Business Climate Egypt Political and Economic Stability Investment Environment Opportunity Politics: New Constitution, New President, Operational: No interruption in last 36 months Parliament next Financial:…
2015 Guidance Work Program and Production Cash Management NW Gemsa: 10 Mboepd plateau (SDX 10% WI) Revenues: 3 infill wells in 2H15 to maintain plateau Affected by lower oil prices AFE signoff contingent on technical studies Cash…
Management Said ARRATA, Executive Chairman Chairman and CEO of Centurion Energy Inc., sold 40+ years 40,000 boepd 1.2 billion in 2007 to DanaGas, where he still serves as a Experience in oil Mr. Arrata built Centurion board member…
Recent Developments 1Q2015 Updates Portfolio Opportunities HIGHLIGHTS SOUTH RAMADAN (12.75% WI, GULF OF SUEZ) Current Production at 1,000 Mboepd Offset of BP Saqqara field Multiple 3D Surveys acquired Plateau Production at North…
North West Gemsa Asset Map 10% Working Interest EGYPT CAIRO 10,667 boepd Avg. production (gross), January 2015 SHEHAB GULF GEYAD 37 MMboe 2P Reserves (gross) as of 31 Dec. 2013 OF SUEZ AL AMIR 18.5 MMboe Cumulative production…
Solid Production Base Phase 1 Development complete. Concession producing at a plateau rate of 9,500 Bopd & 10MMscfd. Continuous development activity since field start up in 2009. Drilling rig departed the field in late May after 4…
South Ramadan Asset Map 12.75% Working Interest MEDITERRANEAN CAIRO Petroleum 2 wells produced and depleted System EGYPT GULF OF SUEZ 3.75 MMbbl Cumulative production SOUTH RAMADAN RED SEA 2 drilling locations under…
Appraisal and Exploration Potential Block located within prolific section of the Gulf of Suez Block contains by-passed oil potential up-dip of the SR-1 and SR-2 wells Identified an undrilled fault block on trend with the Edfu…
Matulla & Senonian Horizons 12
South Disouq Asset Map 55% Working Interest (Operator) 1,275 km2 Concession area 600 BCF Resource potential (P50) 6.4 TCF 2P Reserves in Abu Madi Baltim Trend 100 MMboe (IHS) Acquired in the 2013 EGAS bid round Abu-Madi…
Nile Delta Incised Valley Fill Play IVF Potential The IVF trend contain the largest gas- condensate fields in the Nile Delta basin. Existing onshore fields (18) in the IVF account for 6.4 TCF gas and 100 MMB condensate (IHS…
Shukheir Marine Asset Map 100% Working Interest 300 bopd Current production (gross), January 2015 0.1 MMboe 2P Reserves (gross) as of 31 Dec. 2013 13.7 MMbbl Cumulative production to Dec 2014 Nubia & Lwr Rudeis potential…
Oil Prices EGYPT - OIL PRICES INDEXED TO BRENT SDX realized prices are Brent -5% 160 Low cost position and breakeven price levels Brent Oil Price History (US/BBL) 140 Egyptian PSC contract provides natural hedge to 120 lower oil…
Production & Cash Flow Build Up Existing Assets Production Peak: Base Case : 4.5 Mboepd (SD risked at 20%) Upside Case : 20 Mboepd (SD risked at 50%) Stand-alone Base Case (Mboepd) Stand-alone Upside Case (Mboepd) 25,000…
Building Value Growth in Core Prolific Basins: Gulf of Suez, Western Desert, Nile Delta Region of Focus Balanced Assets: production, reserves, development & exploration Attractive Deal & Good Entry Price: buyers market at bottom…
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…
Appendix - Egypt Update KEY MILESTONES REACHED 1. Political Stability 4. Stimulus package 2. Unprecedented Reforms 5. Country Outlook Upgrade (Moodys) 3. Sustained GCC Support 20
Recent Activities UNPRECEDENTED REFORMS AND PROGRESS ACTIONS TAKEN EFFECTS & HURDLES New Budget with substantial subsidy cuts Assist in rebalancing the budget Gasoline and Diesel subsidy cuts Still heavy subsidies on budget Food…
Economy Outlook Budget Growth: 4% GDP target in 2014/2015, likely 2.5% 265bn GDP Budget : 10% of GDP Deficit Target; reducing budget more likely to reach 11% Driven by domestic consumption & inflation Subsidies Represent 25%…
Economy Outlook Liquidity EGP:USD RATE FX: Foreign Currency Reserves remain low Weak export and tourism sectors EGP expected to continue to devalue FDI Return of GCC investors in real estate, consumables, banking,…
Economy Outlook FX Sources & Payments FX sources need to improve Tourism remains low but improving FDI remains moderate CA improving but still largely negative Net importer of everything Foreign remittances stable Suez Canal…
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,…
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