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WesternZagros Resources One2One Presentation - September 2011

WesternZagros Resources One2One Presentation - September 2011

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Success at Kurdamir: Over 1,900 Metres of Gross Hydrocarbon Interval<br />

Confirmed excellent Oligocene reservoir<br />

Confirmed oil column in the Oligocene reservoir,<br />

testing light oil with major upside<br />

Prospective <strong>Resources</strong> (MMbbls)<br />

P 90 P 50 P 10<br />

Oil 85 260 560<br />

Discovered gas and condensate<br />

• Drill stem tests flowed 27.5 MMcf/d of gas and<br />

1,172 bbls/d of 61: API natural gas liquids<br />

• High predicted rates of over 50 MMcf/day of<br />

gas and 2,240 bbls/d of condensate<br />

• Contingent <strong>Resources</strong> (Gas in BCF and<br />

Condensate in MMbbls)<br />

P 90 P 50 P 10<br />

Gas 505 850 1420<br />

Condensate 22 33 48<br />

Oil shows in Eocene and<br />

Cretaceous reservoirs.<br />

Oil interval confirmed by<br />

Weatherford geochemical<br />

analyses (Aug <strong>2011</strong>)<br />

• Major upside in deeper<br />

untested zones<br />

Prospective <strong>Resources</strong> (oil)<br />

P 90 P 50 P 10 MMbbls<br />

18 86 273 Eocene<br />

59 152 340 Cretaceous<br />

Well Testing at the Kurdamir-1 – November 2010<br />

23

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