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Oman Assets
o
25-year service contract for Karim Small Fields (KSF),
a cluster of 13 oilfields and 7 discoveries
o
15% indirect interest in KSF via a 20% interest in
Medco LLC, a subsidiary of Medco International
o
Current operational focus on increasing production
levels by well optimization, EOR and exploration
o
Plan to drill 65 development, six appraisal wells over
the next five years
o
Management believes that there is potential to
expand Oman asset base in the future
Kuwait Energy License Blocks
Yemen Assets
o
Management believes that there is significant
development or exploration potential in all of Kuwait
Energy’s blocks in Yemen
o
Yemen operations on hold since April 2015 due to
political instability
▪
Shut-in production of 3.9 kboe/d in Q1 2015
▪
Management hopes to resume production in
the near future; political situation being
monitored
o
Untapped contingent resources within the blocks
provide potential upside when the security situation
improves
Oil Field
Gas Field
Source: Company filing.
(1) Based on monthly production report for March 2015.
22
Other Assets
(1)