WesternZagros Resources One2One Presentation - September 2011

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Near Term Opportunities of the Garmian Block Sarqala • Oil discovery in the Jeribe Formation • Flowed light, 40° API oil at rates of over 9,000 bopd • Preparing for extended well testing program Mil Qasim • August 29, <strong>2011</strong> spud date • Upper Fars reservoir targeted that had oil shows while drilling Sarqala-1 Sarqala-1 Well Oil Discovery 18
Oil Discovery At Sarqala-1 Followed By Opportunity at Mil Qasim-1 (Garmian Block) Sarqala -1 Well • Sidetrack completed through Jeribe Formation • The Jeribe Formation flowed light, 40° API oil at rates of over 9,000 bopd (no stimulation, no water) • Major upside of oil (prospective resources) in the Jeribe reservoir is:P 90 - P 50 -P 10 MMbbls : 9 – 66- 248 Mil Qasim-1 Well • Younger and shallower structure than Sarqala and the geology and drilling is expected to be much simpler • Crest lies approximately three kilometres from Sarqala-1 • Spud date of Mil Qasim-1 was August 29, <strong>2011</strong> • Anticipate oil bearing sandstones in Upper Fars reservoir Sarqla-1 Well Oil Discovery Mil Qasim-1 (Third Commitment Well) 19
Page 1 and 2: www.westernzagros.com Corporate Pre
Page 3 and 4: Exceptional Exploration Success on
Page 5 and 6: WesternZagros Today Symbol (TSX Ven
Page 7 and 8: The WesternZagros Story: Steady Pro
Page 9 and 10: Near Term Potential Value Creation:
Page 11 and 12: The Kurdistan Region of Iraq Curren
Page 13 and 14: Multiple Prospects: Oil & Gas Garmi
Page 15 and 16: Production Sharing Contract (PSC):
Page 17: Political Environment Progressing O
Page 21 and 22: Near Term Opportunities of Kurdamir
Page 23 and 24: Success at Kurdamir: Over 1,900 Met
Page 25 and 26: Kurdamir-Topkhana Structure Topkhan
Page 27 and 28: Kurdamir-Topkhana Structure: Additi
Page 29 and 30: Multiple Transportation and Market
Page 31 and 32: Making a Difference Where We Operat
Page 33 and 34: WesternZagros: On the Cusp of a Maj
Page 35 and 36: Experienced Management & Strong Tec
Page 37 and 38: Board of Directors - Disciplined, I
Page 39 and 40: Garmian Block Contingent and Prospe
Page 41 and 42: Garmian Block Prospective Resources
Page 43 and 44: Kurdamir and Garmian Blocks Prospec
Page 45 and 46: The Region’s Oil & Gas Fields 45
Page 47 and 48: Kurdistan Recent PSC Activity Taza
Page 49 and 50: Bai Hassan: Analogue for Kurdamir-T
Page 51: www.westernzagros.com Head Office 6

WesternZagros Resources One2One Presentation - September 2011

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