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BAZMA PERMIT TCM/OCM Tunis May 13 th , 2010. TUNISIA - BAZMA EXPLORATION PERMIT TCM/OCM – TUNIS MAY 13 th , 2010. AGENDA Introduction 2009/2010 Seismic Acquisition & Reprocessing 3. Current status and future plans 4. Revised Budget 2010 5. AOB. TUNISIA - BAZMA EXPLORATION PERMIT
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BAZMA PERMIT TCM/OCM Tunis May 13th, 2010
TUNISIA - BAZMA EXPLORATION PERMIT TCM/OCM – TUNIS MAY 13th, 2010 • AGENDA • Introduction • 2009/2010 Seismic Acquisition & Reprocessing • 3. Current status and future plans • 4. Revised Budget 2010 • 5. AOB
TUNISIA - BAZMA EXPLORATION PERMIT EXPLORATION HISTORY & WORK FLOW YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 SEISMIC OPTION 1st EXPLORATION PHASE (4 Years) 1 Year extension 1,616 Km2 2nd EXPLORATION PHASE (3 Years) 28.7.06 EXPLORATION PHASES 3rd EXPLORATION PHASE (3 Years) 28.7.10 27.7.11 27.7.14 27.7.17 WORK COMMITMENT 200 Km of re-processing 1335 Km of Reprocessing 50 Km of 2D seismic Proc.& Interpretation 298 Km of 2D seismic WORK DONE Processing & Interpretation WELL COMMITMENT EXPLORATORY WELL TD 2500 m EXPLORATORY WELL TD 3500? m EXPLORATORY WELL TD ? m WELL DRILLED Financial Engagement: 3.5 MUS$ Financial Engagement: 5 MUS$ Financial Engagement: 3 MUS$ RIGO: 100% EOG: Seismic option JOINT VENTURE
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – MAPPED LEADS
TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ1 – SEISMIC LINE IKV 121 NE SW
TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ1 – SEISMIC LINE IKV 158 SE NW
TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ2 – SEISMIC LINE IKV 158 SE NW
TUNISIA - BAZMA EXPLORATION PERMIT LEAD BZ2 – SEISMIC LINE IKV 90 SW NE
TUNISIA - BAZMA EXPLORATION PERMIT TOP ORDOVICIAN TIME-STRUCTURE MAP (C.I.: 10 ms)
2009/2010 Seismic Acquisition & Reprocessing
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION SUMMARY Survey acquired by CGGVeritas, Crew TUN3246 Survey line clearing commenced 12 December 2009 Survey acquisition commenced 25 December 2009 Survey acquisition completed 14 January 2010 Clean-up completed 26 January 2010 Source Km acquired 298,44 Km (16 lines) Receiver Km acquired 413 Km
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION SUMMARY - HSE
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION
TUNISIA - BAZMA EXPLORATION PERMIT PROPOSED SEISMIC REPROCESSING & ACQUISITION PROGRAMMES (Reprocessing programme subject to obtaining copies of tapes and records; acquisition programme for illustrative purposes only)
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION
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TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – ACQUIRED RECEIVER LINES
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – RECEIVER LAYOUT
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TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – PERMANENT MARKERS
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TUNISIA - BAZMA EXPLORATION PERMIT PROPOSED SEISMIC REPROCESSING & ACQUISITION PROGRAMMES (Reprocessing programme subject to obtaining copies of tapes and records; acquisition programme for illustrative purposes only)
TUNISIA - BAZMA EXPLORATION PERMIT SEISMIC ACQUISITION – PROCESSING AND REPROCESSING