3 / 16
2014 Key Highlights
2
2014
Raised US$ 250 million by issuing senior guaranteed notes at a coupon rate of 9.5% due in 2019
(August 2014)
Two oil discoveries in the Mishrif and Yamama from the Faihaa-1 well in Block 9, Iraq (September
and December 2014)
Discovery in East Ras Qattara, Shahd-4 well, located in the Western Desert onshore Egypt discovered
hydrocarbons in the Wadi El Natrun and Jurassic formations (December 2014)
Working Interest (WI) proven plus probable (2P) reserves increased from 213 million barrels oil
equivalent (mmboe) to 671 million barrels oil equivalent at year end 2014 mainly due to the
discovery in Block 9