ShaMaran Petroleum Ltd. · OSL:SNM
ShaMaran Petroleum — Investor Presentation (September 2010)
16 slides from ShaMaran Petroleum's investor presentation, September 2010
Slide 1: Presentation: Atrush Block
Presentation: Atrush Block September 2010 A Lundin Group Company
Slide 2: Atrush – Significant New Asset with Large Potential
Atrush – Significant New Asset with Large Potential 2 A Lundin Group Company
Slide 3: Atrush Summary
Atrush Summary 3 A robust structure – detached fold Low exploration risk – High potential reward Only 13km from Gulf Keystone Shaikan discovery (2009) Seismic continuity subsurface from Shaikan: targeting the same reservoirs in Atrush Block Shaikan proved 10 reservoirs, nine of which were oil-bearin
Slide 4: Summary of Agreement with GEP
Summary of Agreement with GEP 4 ShaMaran Ventures BV has acquired 33.5% of the fully-diluted share capital of GEP in exchange for: Initial cash payments totaling $24.1 million 12.5 million shares of ShaMaran Petroleum Corp., A future obligation to contribute the next $15.9 million in cash which will
Slide 5: Aerial View of Atrush Licence
Aerial View of Atrush Licence 5 Awarded to GEP on 10th Nov 2007 269 square kms 143 line-kms of 2D seismic (2008) Adjacent to Shaikan oil discovery On trend to Bijeel oil discovery Bijeel Discovery Shaikan Discovery A Lundin Group Company
Slide 6: Atrush Surface Structure Map & Well Locations
Atrush Surface Structure Map & Well Locations 6 HKN Energy: Swara Tika-1 (started operations August 2010) Atrush-1 (spudding September 2010) Gulf Keystone Shaikan 2009 Discovery A Lundin Group Company
Slide 7: Regional Map
Regional Map 7 Rabatki Anticline ATRUSH Shaikan 4.2 BBO 1.5 TCF Hunt Oil MOL: Bijeel Simrit-1 3200 bopd 18 deg API KOMET Bardarash DNO Discovery Benenan Discovery Map shows approximate subsea structure at the Jurassic level, which has been the main success horizon in this area A Lundin Group Company
Slide 8: Key Offset Well: Gulf Keystone Shaikan Discovery
Key Offset Well: Gulf Keystone Shaikan Discovery 8 Source: DGA Report – GK Website A Lundin Group Company
Slide 9: Geological Correlation showing Atrush-1 Well Location
Geological Correlation showing Atrush- Atrush-1 Well Location 9 Shaikan well GEP Atrush-1 projected Butmah Sargelu Kurra Chine A Lundin Group Company
Slide 10: Play Summary
Play Summary 10 Stacked reservoir-seal pairs in: Lower Cretaceous Jurassic Triassic R R Mid-Jurassic hanging wall play Se? R Sc Se? R R Se? Cretaceous footwall play Sc R Se Se Mid-Jurassic footwall play R Deep Late Triassic play Northern Iraq, Kurdistan Sc stratigraphic correlation chart Se R Deep L
Slide 11: Summary of Atrush Potential STOIIP & Resources
Summary of Atrush Potential STOIIP & Resources 11 Consolidated STOIIP (MM STB) P90 P50 P10 Mean 100% basis Fracture Porosity only 295 1372 3946 1872 Dual Porosity (fractures + matrix) 737 3395 8141 4093 Total Resources P90 P50 P10 100% basis Oil Recovery Factor from 33% 40% 50% Fracture Porosity onl
Slide 12: Atrush-1 Well Location
Atrush--1 Well Location Atrush 12 Elevation 785m Viking Rig on contract Spudding mid September 2010 PTD 3100m 120 days A Lundin Group Company
Slide 13: Atrush-1 Well Summary
Atrush--1 Well Summary Atrush 13 Sufficient 2D seismic coverage Large mapped closures with volumetric significance at multiple levels Approved exploration well location Viking rig on contract. Being assembled on location Mid-September spud PTD 3100m in the lower Kurra Chine Estimated time: 120 days
Slide 14: Atrush - Forward Plan
Atrush - Forward Plan 14 Complete Atrush-1 exploration well – Q4 2010 Initiate Long Term Testing for reservoir information A Lundin Group Company
Slide 15: Corporate Profile & Contacts
Corporate Profile & Contacts 15 Symbol TSX V: SNM Share Capital (as of December 31, 2009) Issued and outstanding 499,546,088 shares Fully diluted 504,056,088 shares Directors and Management Keith Hill, Chairman Pradeep Kabra, President and CEO J. Cameron Bailey, Director Brenden Johnstone, CFO Alex
Slide 16: Cautionary Statements
Cautionary Statements 16 This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as legal and political risk, civil unrest, general economic, market a
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