Cuba Gulf of Mexico Oil Exploration Opportunity slide image

Cuba Gulf of Mexico Oil Exploration Opportunity

Zapato Prospect Large structure with hundred million barrel potential • Zapato Prospect is a large robust structure targeting fractured carbonate objective • Defined on multiple seismic lines • • • • Adjacent to shallower Motembo oil field which produced high quality light crude (50 - 64.5° API) Demonstrated working oil system Target zone is deep sheet carbonates Crest of structure at approximately 2,000 metres with nearly 1,000 metres vertical relief Itabo well didn't drill deep enough to intersect objective Benign, accessible surface location 500m Proposed Zapato-1 Surface Location 61.0 82.0 1210 SP 1021.0 1031 0 141.0 10710 130.0 1091.0 200.0 1101 0 Proposed Zapato-1 Itabo-1 401.3 12010 460.0 1231 C 480.0 12510 1261.0 -400- -1000- -1200- Productive unit at Motembo (approx. 10km South East) Ophiolite Vega Alta 1400- -1600- -1800- Placetas Carbonates Potential Deeper -2000 Placetas Carbonates Zapato Late Cretaceous Limestone Ophiolitic Conglomerate Zapato Recoverable Prospective Resource (100%, MMstb) Zapato COS* Low Best High Mean 25% 5 71 297 118 9 Prospective Resources Cautionary Statement - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Future exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. * Chance of Success
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