Corporate Presentation - November 2011 - ShaMaran Petroleum ...

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Pulkhana Oilfield12» Legacy discovery on trend to major fields inthe area (tested 2,950 bopd from twohorizons in Pulkhana-5 in 1956)» Awarded as a field appraisal / developmentproject. One of the four PSCs awarded priorto permanent Iraq constitutionKirkuk 26 BBOJambur 1.2 BBOPulkhana1956 well tested>2,900 bopd oilOne of the many oil seeps on the Pulkhana structure
Pulkhana Update: PLK-8RE13» Legacy well PLK-8 tested oil from the Shiranish at 2500-3500 bopd» Much improved rates from the 1957 & 2006 tests (av. 600-700 bopd) despite debris and mud losses from 2006 drilling» Significant fracture system providing high deliverability» Better Shiranish oil quality than expected (31.6 deg API, lowgas and very low H2S content)» Successfully drilled additional 60m reservoir section» Planning for well to be connected to Early Production Facilityduring 2012PLK-8RE Testing Shiranish formation (October <strong>2011</strong>)
Page 1 and 2: Exploration & Development in Kurdis
Page 3 and 4: In the Heart of the Middle East: Ku
Page 5 and 6: Kurdistan in Earliest Phase of Expl
Page 7 and 8: Asset Summary7ShaMaran has one of t
Page 9 and 10: Atrush Update9» Gross oil column o
Page 11: Atrush-1 Jurassic Oil Discovery11At
Page 15 and 16: Arbat Update15» High potential exp
Page 17 and 18: Taza Update17» Option agreement co
Page 19 and 20: Converting Resources to Reserves19A
Page 21 and 22: Building Value21Valuations are diff
Page 23 and 24: Health, Safety & Environment (HSE)2
Page 25 and 26: Profile & Contacts25» Symbol TSX V

Corporate Presentation - November 2011 - ShaMaran Petroleum ...

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