April/May 2012 Briefing to analysts & brokers RISC has revised resource estimates for Mazagan permit Upgraded Lower Cretaceous prospects and recognised new leads Net 2.4 billion barrels of mean prospective resources…
Mazagan permit Significant resource potential Total area of 10,900km2 (2.7m acres) REPSOL GAS DISCOVERY Operator and 75% interest holder 3,570km2 of modern 3D seismic Several prospects supported by Direct ONSHORE OIL Hydrocarbon…
Near-term value drivers Pura Vida Energy 2012 2013 Timeline Nov Dec Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Admission to ASX IMPROVE RISKING & RECOGNISE TESTING FOR ADDITIONAL RESOURCES Drop core program OIL SEEPS Seismic reprocessing DIVERSIFY…
Land grab along the central Atlantic margin Combined structural/stratigraphic traps supported by DHIs on 3D seismic have been drilled with considerable success in along the West African transform margin This success has…
Mid Miocene resources Independent resource assessment completed by RISC in 2011 Focus on Miocene prospectivity Toubkal mean resource of 790 mmbbl Independent resource estimates not available for Amtoudi and Tafraoute leads…
Additional Lower Cretaceous resources RISC revised resource estimates for Lower Cretaceous prospects and leads in April 2012 Resource estimates for prospects upgraded and new leads recognised GROSS UNRISKED PROSPECTIVE OIL…
Seismic amplitudes on Toubkal A A Water A Oil Salt FIT TO STRUCTURE A Gas AMPLITUDE SCALE LOW (WATER) MODERATE (OIL) HIGH 3D SEISMIC LINE (GAS) SEISMIC AMPLITUDE MAP 7
Hydrocarbon fill Amplitude cut-off at common depth RESERVOIR OIL ON WATER 8
Jubilee analogue Toubkal Jubilee OIL WATER LIMIT OF CONTACT RESERVOIR OIL WATER CONTACT LIMIT OF RESERVOIR TOUBKAL STATS. JUBILEE STATS. WATER DEPTH (m) 1,200 WATER DEPTH (m) 1,250 POTENTIAL P90 180 RESERVES…
Zagora & Amchad Strong conformance of high amplitudes and structural closure ZAGORA mmbbl AMCHAD mmbbl BLUE POLYGON (P90) 13 BLUE POLYGON (P90) 8 RED POLYGON (P10) 95 RED POLYGON (P10) 81 MEAN 47 MEAN 38 10
Jbel Musa Simple four way structural closures Jbel Musa Jbel Ayachi Reservoir Jbel Lakhdar Jbel Musa 11
Jbel Tadrart Simple four way structural closures Jbel Tadrart Jbel Aroudane Jbel Talmest Jbel Talmest Jbel Aroudane 26 km Reservoir Jbel Tadrart Jbel Azavza 12
N+1 Brewin research a strong buy case exists on RATINGS COMPARISON (RISKED EV/BOE) a peer comparison basis N+1 BREWIN N+1 Brewin is a leading UK corporate and institutional stockbroker with a highly regarded oil & gas research…
Why invest Mature acreage Modern, high quality 3D seismic data over Mazagan has revealed Direct Hydrocarbon Indicators (DHIs) on drilling prospects Significant upside Independently certified potential resources of 3.2 billion barrels…
Corporate information Head Office Directors Level 8 Damon Neaves, Managing Director 225 St Georges Terrace David Ormerod, Technical Director Perth WA 6000 Bevan Tarratt, Non-Executive Chairman t: +61 8 9486 4036 f: +61 8 9486 4799…
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