Corporate Update April 2015 Geoff Gander (Chairman/CEO)
Table of Contents 1. Overview of the company 2. Reserves, licence area and operational status 3. Current and future development
Board of Directors and Management Directors and Senior Management Geoff Gander Alastair Beardsall Baltabek Kuandykov Scott Mison Chairman/CEO NED NED ED / CFO & Company London London Kazakhstan Secretary, Australia Focused on…
Overview of the company Operations started in 2008 on the 100% owned licence area (Block 31) A total of eight wells have been drilled which resulted in the discovery of three oilfields (Akkar North (East Block), East Akkar and West…
Progress in 2008-2015 EXPLORATION PRODUCTION SALES FUNDING 3D seismic data acquired for the 2010/11: NIL 2010/11: NIL 2007-2010: Retail investment entire licence area and through ASX raisings surroundings (235km2 ) 2011/12: 4,000…
Table of Contents 1. Overview of the company 2. Reserves, licence area and operational status 3. Current and future development
Location of the Licence Area Total reserves for the Mangistau basin are estimated to be in excess of 5 billion barrels including two large oil fields, Uzen and Zhetybai 8
Reserves and Production Summary Five wells drilled: Akkar North East Block(1) and East Akkar (4), with 4 wells approved for Trial Production. Currently oil production has been shut in due to low domestic oil prices State Reserves…
Licence Details BLOCK 31 EXPLORATION LICENCE TRIAL PRODUCTION LICENCE PRODUCTION LICENCE Permit issued in December 2006 and Ten years (6+2+2) Normally valid for up to three (3) years 25 years for commercial discoveries acquired by…
Table of Contents 1. Overview of the company 2. Reserves, licence area and operational status 3. Current and future development
Current Field Development J-54 3m tonnes / 20m North Akkar barrels prospect (to be (neighbouring field) drilled in 2015 funding permitting) North West Zhetybai East Akkar field (neighbouring field) West Zhetybai field…
Current Status of Field Development Akkar North (East Block) - East Akkar: 5 wells 1-2km apart All oil produced from the Triassic (T2B) horizon; Side track being considered for J-53 well T2A and Jurassic has shows in all wells, but…
Facilities and Infrastructure to be built in 2016-2017 During construction of field infrastructure and surface facilities at the East Akkar field, facilities 1 and 4 will be constructed together with the product gas line tied into…
Surrounding fields with existing facilities 15
Conceptual Surface Development An infrastructure development plan with main production and transport facilities identified 16
Further Development Potential 10-20 mmbbls 10+ mmbbls 17
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