ORYX PETROLEUM: AN UPSTREAM LEADER IN AFRICA & THE MIDDLE EAST March 2015
AN AFRICA AND MIDDLE EAST FOCUSED INDEPENDENT E&P COMPANY Seven License Areas Founded in 2010 by The Addax & Oryx Group (AOG) Previously established, developed and sold Addax Petroleum Build a full cycle E&P company focused on oil in…
HAWLER LICENSE (KURDISTAN REGION OF IRAQ) Gross (100%) (MMbbl) (1) Unrisked Contingent Oil Prospective Oil Oil Reserves Resources Resources Discovery: Feb 2013 Discovery: Oct 2013 Field 1P 2P 3P 1C 2C 3C Low Best High Demir…
HAWLER LICENCE: FIELD DEVELOPMENT PLAN Gross (100%) MMbbl(1) Unrisked Oil Reserves Contingent Oil Resources Prospective Oil Resources Ain Al-Safra 1P 2P 3P 1C 2C 3C Best Estimate AAS-2 220 km2 Tertiary - - - 9 35 61 27…
DEMIR DAGH APPRAISAL AND DEVELOPMENT DRILLING Ten wells drilled to date Two deep wells to evaluate all reservoirs (DD-2 & 3) BAN-2 Contingent DD-5 DD-2 DD-10&11 Eight shallow wells to Cretaceous Demir Dagh (DD-4, 5, 6, 7, 8, 9, 10…
HAWLER PROCESSING CAPACITY AND PRODUCTION GUIDANCE Current nameplate processing capacity of 20,000 bbl/d Nameplate Capacity Actual / Expected Phase gross (100%) to increase to 60,000 bbl/d in 2015 (bbl/d) Commission Date…
KURDISTAN REGION OF IRAQ SALES DYNAMICS ITP KRI - Turkey KRI - Turkey Expansion Domestic Sales: 40 & 46 pipelines 24/36 oil pipeline 36 oil pipeline under construction 600 & 900 Mbbl/d capacity 300 Mbbl/d capacity 700 Mbbl/d by mid…
HAWLER NEAR TERM NETBACKS Realised Prices: Illustrative Netback (/bbl) Domestic: currently 30-35/ bbl Contractor Netback Export: expect to be referenced to Brent Realised Price 30.00 50.00 70.00 Royalties 10% (3.00) (5.00) (7.00)…
BANAN: NSAI VOLUME ESTIMATES W 5km BAN-2 10km BAN-1 E Gross (100%) (MMbbl)(1) Unrisked Tertiary Pila Spi Contingent Oil Prospective Oil Oil Reserves Resources Resources 1P 2P 3P 1C 2C 3C Low Best High Cretaceous Shiranish…
AGC SHALLOW & CENTRAL (SENEGAL / GUINEA BISSAU) AGC Shallow Working petroleum system with two shallow heavy oil discoveries in the 1960s Wells Two deeper light oil play types Planned Seismic amplitude prospects in Maastrichtian…
HAUTE MER A & HAUTE MER B (CONGO (BRAZZAVILLE)) Haute Mer A Working Interest Haute Mer B Working Interest 20% Oryx Petroleum 30.00% Oryx Petroleum 45% CNOOC (Operator) 34.62% Total (Operator) 20% CPC 20.38% Chevron 15% SNPC 15.00%…
2015 CAPITAL EXPENDITURES Full year 2015 Capital Expenditure forecast of 140 MM million Hawler 125 Development Drilling 54 Facilities - Early Production Facility / Export Pipeline Tie-in 48 Seismic Processing 4 Other 19 West…
A COMPELLING STORY WITH MULTIPLE VALUE CATALYSTS Near Term Production Ramp-up and Resource Conversion in the Kurdistan Region of Iraq Expansion of Hawler production facilities and development drilling Expected market access…