WesternZagros Resources One2One Presentation - September 2011

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The Region’s Operators Over 40 international oil companies with PSCs in Kurdistan Source: KRG and <strong>WesternZagros</strong> 46
Kurdistan Recent PSC Activity Taza Qadir Karam Baranan New PSCs: • Dinarta Hess 64 % (op), Petroceltic 16%, KRG 20% • Shakrok Hess 64 % (op), Petroceltic 16%, KRG 20% • Qala Dze Repsol % N/A (op), KRG 20% • Piramigrun Repsol % N/A (op), KRG 20% Other PSC Activity: • Ain Sifni Afren Acquisition Hunt 60% (op), Afren 20%, KRG 20% • Barda Rash Afren Acquisition Afren 60% (op), Komet 20%, KRG 20% • Taza Converted from seismic option to PSC Oilsearch 60% (op), ShaMaran 20%, KRG 20% • Qadir Karam Converted from seismic option to PSC Talisman 60% (op), TPI unassigned, KRG 20% • Baranan TPI award Talisman 60% (op), Murphy 20%, KRG 20% • Kalar-Bawanoor • Block split • Kurdamir • Talisman 40% (op), WZ 40%, KRG 20% • Garmian • WZ 40% (op), TPI unassigned, KRG 20% 47
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 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: The Region’s Oil & Gas Fields 45
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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