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Westernzagros Resources Ltd
Morgan Stanley Canadian Energy Conference
| Simon Hatfield | Page 3 of 11 |
January 31, 2015
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"Morgan Stanley Canadian Energy Conference"
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3 Exceptional Exploration Success with the Start of Production Targeting over 1 billion prospective BOEs in the next 8 months (includes the Sarqala-1 oil discovery, Mil Qasim-1 and Kurdamir-2) WesternZagros takes the first steps from an exploration to an exploration and production company by starting production from the extended well test at Sarqala-1 2011/2012 exploration wells are in formations that have already been drilled with demonstrated discoveries Drilling results support the potential of a giant oil field WesternZagros’s PSC lands encompass one of the largest exploration areas in Kurdistan, one of the world’s most exciting exploration regions Over 3.6 billion BOEs of audited prospective resources * Separators and Wellhead * Independently audited by Sproule International Limited See Slides 38 through 44, inclusive, for data Loading Bay Crude Oil Delivery Lines Shipping Pump Manifold Production Tanks Shipping Tank