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WesternZagros Resources One2One Presentation - September 2011

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Multiple Transportation and Market Options<br />

Well-established oil export routes:<br />

• Mediterranean and Persian Gulf<br />

Potential pipelines:<br />

• Kirkuk-Ceyhan System<br />

• Kirkuk-Basra<br />

• Baniyas-Syria System<br />

• Proposed system within Kurdistan<br />

<strong>WesternZagros</strong> early production, from Sarqala-1 well,<br />

expected to be supplied to Kirkuk-Ceyhan pipeline<br />

Two oil markets<br />

• Exported sales results in 50% world price<br />

• Domestic sales result in $60-75/bbl<br />

Developing Kurdistan gas infrastructure<br />

• Gas pipeline: Kor Mor to Erbil<br />

• 2 gas powered electricity plants<br />

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