Oryx Petroleum Announces Successful Oil Discovery at Zey Gawra in the Kurdistan Region of Iraq

Oryx Petroleum Announces Successful Oil Discovery at Zey Gawra in the 
Kurdistan Region of Iraq 
Third Consecutive Discovery in Hawler License Area Flows at 4,800 Barrels Per 
Day 
CALGARY, Dec. 4, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx 
Petroleum" or the "Corporation") today announces the successful discovery at 
Zey Gawra in the Hawler license area.. The ZEG-1 well was flow tested at an 
average rate of 4,800 barrels per day of light crude oil from an 81 metre 
column. A Notice of Discovery has been filed by the Corporation with the 
Kurdistan Region Government. Oryx Petroleum is the operator and has a 65% 
participating and working interest in the Hawler license area. 
Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer, 
stated: 
"Hawler is proving to be a prolific license area. We are very pleased to have 
made our third consecutive oil discovery there this year, achieving excellent 
flow rates of high quality crude from the Cretaceous. More work needs to be 
done to confirm the size of the discovery but we believe it will be 
substantially larger than our pre-drill estimates. Importantly, the 
reservoir characteristics in the Cretaceous, notably the matrix porosity, 
confirm our experience with the other wells we have drilled in the Hawler 
license area. We are already planning our first Zey Gawra appraisal well and 
we are confident that the discovery will be established as commercial." 
Testing Program and Results 
The KS Discoverer rig spudded the ZEG-1 well in April 2013 targeting the Zey 
Gawra prospect, an anticline lying on the Kirkuk field trend that is the last 
closure to the northwest of the Khurmala Dome. The ZEG-1 well targeted oil 
potential in the Cretaceous, Jurassic and the Triassic. Netherland Sewell & 
Associates, Inc. estimated as of March 31, 2013 that the Zey Gawra prospect 
contained 23 MMbbl of unrisked gross (100%) prospective resources (risked: 9 
MMbbl). ZEG-1 reached a total depth of 4,398 metres in August when the KS 
Discoverer rig was moved to spud Banan. The smaller Romfor 22 rig was then 
brought in to conduct the testing. 
The ZEG-1 well was logged down to the Triassic and there were oil shows of 
varying quality in the Cretaceous and the Upper and Lower Jurassic. As such, 
four cased hole drill stem tests ("DST") were conducted including two in the 
Lower Jurassic, one in the Upper Jurassic and one in the Cretaceous. 
The DST conducted in the Cretaceous tested the Shiranish, Kometan and Qamchuqa 
intervals which are considered to form one continuous reservoir. The 
Cretaceous DST was successfully flowed at sustained rates in intervals over a 
period of four days using a series of different choke sizes. The maximum 
average rate achieved was approximately 4,800 bbl/d of light oil for a 15 hour 
period using a 64/64" choke. No pressure decline was observed during the 
tests. The crude from the Cretaceous was measured on site at 35° API gravity. 
Small quantities of natural gas and hydrogen sulfide were encountered. 
The 81 metre oil column in the Cretaceous was successfully established between 
the free water level, as evidenced by Modular Formation Dynamics Tester 
("MDT") measurements, and the top of the interval perforated for testing. 
This oil column includes a 64 metre section in the Qamchuqa. As with the Demir 
Dagh test in the Cretaceous, the matrix porosity in the Qamchuqa, evidenced by 
logs and core samples, was significantly better than the Corporation had 
expected. The 106 metre section of the Shiranish above the established oil 
column, may also contain oil, however the ZEG-1 well did not encounter matrix 
porosity or evidence of a fracture network in this interval. The potential 
oil bearing nature of the Shiranish will be further evaluated as part of the 
appraisal program. 
The DST conducted in the Upper Jurassic tested the Najmah formation which has 
a thickness of approximately 750 metres. Without the use of a pump, the well 
flowed what appears to be very heavy oil to surface on a non-continuous basis 
over a 14 hour period. The quality of the oil could not be measured properly 
on site and samples will be analyzed to better assess potential in the 
Najmah. The results of the Najmah DST were similar to the Najmah DST 
conducted at Demir Dagh. 
The DSTs conducted in the Lower Jurassic tested the Mus and Adayiah formations 
separately. While logging results of each formation indicated the presence of 
fractures, the results of both tests were inconclusive as the tests were 
unable to connect to a permeable fracture network and flow fluids to surface. 
The data gathered from the well and field tests should be considered 
preliminary until such time as a pressure transient analysis or well-test 
interpretation has been carried out. Test results are not necessarily 
indicative of long-term performance or of ultimate recovery . 
Appraisal Plans and Conceptual Development 
Oryx Petroleum is conducting further analysis of the ZEG-1 well and intends to 
drill an appraisal well at Zey Gawra in 2014 as part of the multi-well 
appraisal and development drilling program in the Hawler license area. 
Depending upon the ultimate size of the Zey Gawra discovery, the field could 
be tied into the Corporation's planned development at Demir Dagh or developed 
on a standalone basis. 
ABOUT ORYX PETROLEUM CORPORATION LIMITED 
Oryx Petroleum is an international oil exploration company focused in Africa 
and the Middle East. The Corporation`s shares are listed on the Toronto Stock 
Exchange under the symbol "OXC". The Oryx Petroleum group of companies was 
founded in 2010 by The Addax and Oryx Group Limited and key members of the 
former senior management team of Addax Petroleum Corporation. Oryx Petroleum 
has interests in six license areas, two of which have yielded oil discoveries 
and four of which are prospective for oil. The Corporation is the operator or 
technical partner in four of the six license areas. Two license areas are 
located in the Kurdistan Region and the Wasit governorate (province) of Iraq 
and four license areas are located in West Africa in Nigeria, the AGC 
administrative area offshore Senegal and Guinea Bissau, and Congo 
(Brazzaville). Further information about Oryx Petroleum is available at 
www.oryxpetroleum.com or under Oryx Petroleum's profile at www.sedar.com. 
Reader Advisory Regarding Forward-Looking Information 
Certain statements in this news release constitute "forward-looking 
information", including statements related to the Corporation's reserves and 
resources estimates and potential, drilling plans, development plans and 
schedules and chance of success, results of exploration activities, future 
drilling of new wells, ultimate recoverability of current and long-term 
assets, possible commerciality of our projects, future expenditures, and 
statements that contain words such as "may", "will", "could", "should", 
"anticipate", "believe", "intend", "expect", "plan", "estimate", 
"potentially", "project", or the negative of such expressions and statements 
relating to matters that are not historical fact, constitute forward-looking 
information within the meaning of applicable Canadian securities legislation. 
In addition, information and statements in this news release relating to 
reserves and resources are deemed to be forward-looking information, as they 
involve the implied assessment, based on certain estimates and assumptions, 
that the reserves and resources described exist in the quantities predicted or 
estimated, and that the reserves and resources described can be profitably 
produced in the future. See "Reserves and Resources Advisory" below. 
Although Oryx Petroleum believes these statements to be reasonable, the 
assumptions upon which they are based may prove to be incorrect. In making 
certain statements in this news release, Oryx Petroleum has made assumptions 
with respect to the following: the general continuance of the current or, 
where applicable, assumed industry conditions, forecasts of capital 
expenditures and the sources of financing thereof, timing and results of 
exploration activities, the Corporation's ability to obtain and retain 
qualified staff, contractors and personnel and equipment in a timely and 
cost-efficient manner, the political situation and stability in jurisdictions 
in which Oryx Petroleum has licenses, the ability to renew its licenses on 
attractive terms, the applicability of technologies for the recovery and 
production of the Corporation's oil reserves and resources, the amount, 
nature, timing and effects of capital expenditures, geological and engineering 
estimates in respect of the Corporation's reserves and resources, the 
geography of the areas in which the Corporation is conducting exploration and 
development activities, operating and other costs, and business strategies and 
plans of management. 
Forward-looking information is subject to known and unknown risks and 
uncertainties which may cause actual results or events to differ materially 
from those anticipated in the forward-looking information and statements if 
the assumptions underlying them prove incorrect, or if one or more of the 
uncertainties or risks described below materializes. The risks and 
uncertainties affecting the Corporation include, but are not limited to, 
imprecision of reserves and resources estimates; ultimate recovery of 
reserves; ability to commercially develop its oil reserves and/or its 
prospective and contingent oil resources; commodity prices; general economic, 
market and business conditions; industry capacity; competitive action by other 
companies; refining and market margins; the ability to produce and transport 
crude oil and natural gas to markets; weather and climate conditions; results 
of exploration and development drilling and other related activities; 
fluctuation in interest rates and foreign currency exchange rates; ability of 
suppliers to meet commitments; actions by governmental authorities, including 
increases in taxes; decisions or approvals of administrative tribunals, 
renewal or granting of licenses; changes in environmental and other 
regulations; international political events; renegotiations of contracts; 
reliance on key managers and personnel; dry wells may lead to a downgrading of 
the Corporation's licenses or contracts or require further funds to continue 
exploration work; future foreign currency exchange rates; risks related to the 
actions and financial circumstances of our agents and contractors, 
counterparties and joint venture partners; political uncertainty, including 
actions by terrorists, insurgent or other groups, or other armed conflict, 
including conflict between states; and expected rates of return. More 
specifically, future production may be affected by exploration success, 
start-up timing and success, facility reliability, reservoir performance and 
natural decline rates, water handling and drilling progress, restrictions on 
ability to access necessary infrastructure, equipment and services, including 
but not limited to, those sourced from third party providers. Capital 
expenditures may be affected by cost pressures associated with new capital 
projects, including labour and material supply, project management, drilling 
rig rates and availability and seismic costs. Risk factors are discussed in 
greater detail in filings made by the Corporation with Canadian securities 
commissions. 
Readers are strongly cautioned that the above list of factors affecting 
forward-looking information is not exhaustive. Although the Corporation 
believes that the expectations conveyed by the forward-looking information are 
reasonable based on information available to it on the date such 
forward-looking information was made, no assurances can be given as to future 
results, levels of activity and achievements. Readers should not place undue 
importance or reliance on the forward-looking information and should not rely 
on the forward-looking information as of any date other than the date 
hereof. Further, statements including forward-looking information are made 
as at the date they are given and, except as required by applicable law, Oryx 
Petroleum does not intend, and does not assume any obligation, to update any 
forward-looking information, whether as a result of new information or 
otherwise. If the Corporation does update one or more statements containing 
forward-looking information, it is not obligated to, and no inference should 
be drawn that it will make additional updates with respect thereto or with 
respect to other forward-looking information. The forward-looking 
information contained in this news release is expressly qualified by this 
cautionary statement. 
Reserves and Resource Advisory 
Oryx Petroleum's reserves and resource estimates have been prepared and 
audited in accordance with National Instrument 51-101 - Standards of 
Disclosure for Oil and Gas Activities and the Canadian Oil and Gas Evaluation 
Handbook. 
Prospective oil resources are those quantities of petroleum estimated, as of a 
given date, to be potentially recoverable from undiscovered accumulations by 
application of future development projects. Prospective oil resources have 
both a chance of discovery and a chance of development. There is no certainty 
that any portion of the prospective resources will be discovered. If 
discovered, there is no certainty that it will be commercially viable to 
produce any portion of the prospective resources. 

SOURCE  Oryx Petroleum Corporation Limited 
Craig Kelly Chief Financial Officer Tel.: +41 (0) 58 702 93 23 
craig.kelly@oryxpetroleum.com  Scott Lewis Head of Corporate Finance Tel.: +41 
(0) 58 702 93 52 scott.lewis@oryxpetroleum.com 
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CO: Oryx Petroleum Corporation Limited
ST: Alberta
NI: OIL FIELD  
-0- Dec/04/2013 09:43 GMT
 
 
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