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WesternZagros Resources One2One Presentation - September 2011

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Kurdamir Block Contingent and Prospective <strong>Resources</strong>: Kurdamir<br />

Table 1(a)<br />

Gross Unrisked<br />

Contingent<br />

(1), (2)<br />

<strong>Resources</strong><br />

Kurdamir Block<br />

Oil, Gas and<br />

Condensate<br />

As of Dec 14,<br />

2010<br />

Low<br />

Estimate (6)<br />

Best<br />

Estimate (7)<br />

High<br />

Estimate (8)<br />

Mean<br />

Estimate (9)<br />

Prospect Reservoir Hydrocarbon P90 P50 P10 Mean<br />

Kurdamir<br />

Type MMbbl/Bcf MMbbl/Bcf MMbbl/Bcf MMbbl/Bcf<br />

Tertiary<br />

Oligocene Oil 0.7 6.5 60 30<br />

Solution Gas 1 10 100 50<br />

Associated Gas (4) 505 850 1420 920<br />

Condensate 22 33 48 35<br />

Kurdamir Total Mean MMBOE - Gross Unrisked Contingent <strong>Resources</strong> 227<br />

<strong>2011</strong> Kurdamir Cretaceous Oil 59 152 340 181<br />

Low<br />

Estimate (6)<br />

Best<br />

Estimate (7)<br />

High<br />

Estimate (8)<br />

Mean<br />

Estimate (9)<br />

Prospect Reservoir Hydrocarbon P90 P50 P10 Mean<br />

Type MMbbl MMbbl MMbbl MMbbl<br />

Table 1(b)<br />

Tertiary<br />

Gross Unrisked Kurdamir Oligocene (5)<br />

Prospective<br />

Oil 85 260 560 280<br />

<strong>Resources</strong> (3)<br />

MMBOE (14) 106 328 712 359<br />

Kurdamir Block<br />

Oil, Gas and Kurdamir<br />

Tertiary<br />

Eocene Oil 18 86 273 124<br />

Condensate<br />

As of Jan 14,<br />

MMBOE 28 122 399 181<br />

Please refer to the Company’s<br />

material change report dated<br />

December 16, 2010 and January<br />

14, <strong>2011</strong> for further disclosure<br />

and explanation of the<br />

contingent and prospective<br />

resources and slides 43 and 44<br />

for footnotes 1-14 referenced in<br />

Tables 1a and 1b<br />

MMBOE 84 233 549 285<br />

Kurdamir Sub Total Mean MMBOE - Gross Unrisked Prospective <strong>Resources</strong> 825<br />

Kurdamir Sub Total Mean Oil Only - Gross Unrisked Prospective <strong>Resources</strong> 585<br />

38

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