ShaMaran Petroleum Ltd. · OSL:SNM
ShaMaran Petroleum — Investor Presentation (June 2013)
17 slides from ShaMaran Petroleum's investor presentation, June 2013
Slide 1: Corporate Presentation June 2013
CORPORATE PRESENTATION June 2013 A Lundin Group Company
Slide 2: Kurdistan Maintaining Forward Momentum
Kurdistan Maintaining Forward Momentum 2 » Continued interest in the region. Erbil tagged as Kurdistan the “Exploration Capital of the World”. » Activity level in country remains high: » Super majors/IOCs continue to enter the region » Steadily rising production capacity » KRG/Baghdad relationship r
Slide 3: Developing Regional & International Export Pipelines
Developing Regional & International Export Pipelines 3 » Pipeline from Taq Taq to Khurmala expected to be operational by Q2 2013 2013. » Khurmala to Dohuk pipeline under construction. Initial planned p capacity 300,000 BOPD. » Khurmala to Fishkabur planned pipeline i li 1 MM BOPD by b 2014. 2014 » O
Slide 4: Atrush: History of a World Class Oil Discovery
Atrush: History of a World Class Oil Discovery 4 » Atrush-1 Jurassic “BSAM” ((Barsarin- Sargelu-Alan-Mus) discovery announced in April 2011. Shaikan » Atrush-2 extension of oil column to Jurassic Adaiyah & Butmah announced in September 2012. » Atrush-2 confirms excellent reservoir properties through
Slide 5: Atrush - New Contractor Group
Atrush - New Contractor Group 5 » Abu Ab Dhabi Dh bi N National ti lEEnergy C Company (TAQA) purchases the Aspect Energy International interest in GEP at end of 2012 and becomes the new Operator. » KRG backs-in for a 25% interest. » ShaMaran owns 100% of GEP. » Revised Atrush PSC holding (post KRG b
Slide 6: Atrush Discovery – Reservoir Description
Atrush Discovery – Reservoir Description 6 » Significant oil column: over 800 meters at the crest of the structure. » A single reservoir comprised of stacked formations of Jurassic age: “BSAM” (Barsarin*, Sargelu*, Alan**, Mus**), Adaiyah** & Butmah**. » Massive & interbedded Type-I* & Type-II** car
Slide 7: Atrush Jurassic Oil Discovery – Growing Resource Base
Atrush Jurassic Oil Discovery – Growing Resource Base 7 Gross Contingent Resources* Low Best Mean High (Jurassic: Barsarin, Sargelu, (1C) (2C) (3C) Alan-Mus, Adaiyah, Butmah) - MMBOE YE 2011 275 465 513 813 YE 2012 404 627 668 982 Change YOY +46% +35% +21% +30% Discovered Petroleum 1843 2686 2823 39
Slide 8: Atrush: The Upside
Atrush: The Upside 8 » Future delineation wells to test Prospective Resources: Cretaceous hanging wall above Jurassic reservoirs (oil shows in AT- 1/AT-3). Cretaceous footwall trap & “BSAM” in the footwall. Mapped deeper Triassic closures. Mapped extension of Swara Tika discovery into northe
Slide 9: Atrush-3 Appraisal Well
Atrush--3 Appraisal Well Atrush 9 AT-3 Appraisal AT-1 AT-2 Appraisal Discovery (tested 42,000 bopd*) » AT-3 spud 25th March 2013; » Stepout 9km east from AT-1 discovery well; 4.5km east of AT-2. » Vertical well designed to confirm structure (as mapped by 3D seismic) seismic). » Planned TD 1691m MD (
Slide 10: Atrush: Moving Into Development & Production
Atrush: Moving Into Development & Production 10 2012 » Successful appraisal pp 2013-2014* well: AT- 2 tested over 42,000 bopd on three » Field Development Plan 2015*+ tests from the “BSAM”. (FDP) submitted to KRG » AT-2 pproved additional oil in May. » Commence full field in Adaiyah & Butmah. » Appr
Slide 11: Overall FDP Philosophy
Overall FDP Philosophy Philosophy* 11 West-Central Production Facility East Production Facility Proposed Terminal Atrush Block (Tanker Loading & Pipeline) 0 KM 4 ¾ Atrush field development will be implemented using a phased, modular, expandable, and value accretive process. ¾ Development will be ini
Slide 12: Atrush: Phase 1 Development Summary
Atrush: Phase 1 Development Summary* Summary 12 » Modular facility capable of handling 30,000 BOPD. Map courtesy of operator TAQA » Crude processing and water treatment facilities. » Gas Sweetening (Amine unit) and gas power generation. » Provisions for future sulphur recovery, power generation, etc
Slide 13: Outline Five-Year Plan
Outline Five- Five-Year Plan* Plan 13 2012 2013 2014 2015 2016 2017 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 CENTRAL ATRUSH (western facility) W‐PF1 W‐PF2 W‐1 : AT‐1 *Subject to KRG approval of FDP W‐2 : AT‐2 AT‐2 W‐3 : AT‐4 AT‐4 W‐4 : AT‐5 AT‐5 W‐5 : AT‐7 AT‐7 W‐6 AT‐9 W‐7 W‐7 W‐8 W‐8 W‐9 W‐9 W‐10 W
Slide 14: The Lundin Group Combined Market Cap >$13.3 Billion
The Lundin Group 14 Combined Market Cap >$13.3 Billion A Lundin Group Company
Slide 15: Lundin Group Track Record for Shareholder Return
Lundin Group Track Record for Shareholder Return 15 Company 2002 Recent Notes Tanganyika $0.55/share $31.50/share Sold to Sinopec 2008 $13.5 million MC $1.9 billion MC y Valkyries $ $0.45/share / $ $16.00/share / Sold to Lundin Petroleum $4 million MC $750 million MC 2006 Red Back $1.35/share (2000)
Slide 16: Profile & Contacts
Profile & Contacts 16 » Symbol TSX V & NASDAQ OMX First North: SNM » Share Capital Issued and outstanding: 810,983,860 shares www.shamaranpetroleum.com Fully diluted 813,607,194 shares » Directors and Management » Keith Hill, Chairman of the Board » J. Cameron Bailey, Director » Pradeep Kabra, Direc
Slide 17: Cautionary Statements
Cautionary Statements 17 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 ppolitical risk, civil unrest, g general economic, marke
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