Corporate Presentation - November 2011 - ShaMaran Petroleum ...

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Pulkhana Upside Revealed in PLK-914» Significant upside of over 500+ MMB PIIP*(additional potential in the north & in deeper zonesand along the fault trend)» Post-test confirmation of pre-existing proven» Euphrates (120m potential gross column)» Shiranish (no contact confirmed)» Additional potential» Oil in Eocene Jaddala (31-34° API oil,(140m gross oil column, Oil Down To)» Dhiban (based on logs)» Balambo (380m potential gross columnwith oil shows to well TD)» Untested deeper potential in Jurassic» Pulkhana-9 geological sidetrack in progress to retestthe Cretaceous sections openholeTesting Shiranish inPulkhana-8REAbundant oil over shakers whiledrilling PLK-9 (Balamboformation)*Internal estimates based on 2D seismic
Arbat Update15» High potential exploration block (over 930 km 2 withactive petroleum system – surface seeps)EBADF» Two prospects (Potential PIIP 600 MMB*):» Arbat-A: Main prospect (Arbat-1) – regional Jurassic& Triassic reservoirs» Arbat-B: Shallow Cretaceous prospect (success couldprove the shallow Cretaceous play in the block)» Four major leads with significant mean resourcepotential in excess of 2.2 billion barrels PIIP**C» Acquisition of up to 200 kms of infill 2D seismic inprogress to firm up the leads» Arbat-A well location approved with start of civilengineering imminentArbat*McDaniel & Associates ; **Internal estimates based on 2D seismic and regional reservoir properties
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 and 12: Atrush-1 Jurassic Oil Discovery11At
Page 13: Pulkhana Update: PLK-8RE13» Legacy
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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