WesternZagros Resources One2One Presentation - September 2011

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Kurdamir (Kurdamir Block): Planning the Next Well Horizon Legend Ground Elevation Upper Fars Lower Fars Evaporite Base Fars Detachment Lower Fars Transition Beds Oligocene Aaliji Shiranish Drill Kurdamir-2 to test the Oligocene, Eocene and Cretaceous formations Composite Seismic Section (SW to NE) of Kurdamir-1 and Kurdamir-2 locations 28
Multiple Transportation and Market Options Well-established oil export routes: • Mediterranean and Persian Gulf Potential pipelines: • Kirkuk-Ceyhan System • Kirkuk-Basra • Baniyas-Syria System • Proposed system within Kurdistan <strong>WesternZagros</strong> early production, from Sarqala-1 well, expected to be supplied to Kirkuk-Ceyhan pipeline Two oil markets • Exported sales results in 50% world price • Domestic sales result in $60-75/bbl Developing Kurdistan gas infrastructure • Gas pipeline: Kor Mor to Erbil • 2 gas powered electricity plants 29
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 and 18: Political Environment Progressing O
Page 19 and 20: Oil Discovery At Sarqala-1 Followed
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: Kurdamir-Topkhana Structure: Additi
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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