Oryx Petroleum Announces Drilling Update for Kurdistan Region of Iraq and Congo (Brazzaville)

Oryx Petroleum Announces Drilling Update for Kurdistan Region of Iraq and 
Congo (Brazzaville) 
Encouraging Signs from Drilling of Banan Exploration Well and Spudding of 
First Demir Dagh Appraisal Well 
CALGARY, Dec. 6, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx 
Petroleum" or the "Corporation") today announces an update on its drilling 
activities at Banan and Demir Dagh in the Hawler license area in the Kurdistan 
Region of Iraq and at Horse in the Haute Mer A license area in Congo 
Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer, 
"We continue to make excellent progress in the Hawler license area. 
Preliminary indications from the Banan exploration well continue to be 
encouraging and we have spudded our first appraisal well at Demir Dagh with 
the re-completion of the Demir Dagh discovery well soon to follow. In Haute 
Mer A the results of the high risk Horse well were disappointing; however, we 
will now accelerate testing of the previously announced Elephant discovery." 
Hawler License Area 
Banan Exploration Well 
As previously reported, the KS Discoverer 1 rig spudded the BAN-1 well, the 
Corporation`s fourth exploration well in the Hawler license area, targeting 
the Banan prospect in mid-September. The BAN-1 well is targeting light oil 
potential in the Lower Jurassic and Triassic, and medium oil potential in the 
Cretaceous and Upper Jurassic. Netherland, Sewell & Associates ("NSAI") 
estimates as of March 31, 2013 that the Banan prospect contains 196 MMbbl of 
best estimate unrisked gross (100%) prospective resources (risked: 102 MMbbl). 
NSAI's estimate excludes a significant portion of the Banan prospect that was 
outside the Hawler license area boundaries prior to the December 2012 boundary 
The well has now reached a depth of approximately 3,550 metres in the 
uppermost Triassic and is expected to reach a total depth of 4,153 metres and 
test in Q1 2014. As previously indicated, logging data, core analysis and 
observations during drilling in the Cretaceous confirms the presence of 
hydrocarbons and similar reservoir properties as observed at Demir Dagh. 
Logging data and observations during drilling, including free oil on the 
shakers and cuttings also confirm the presence of hydrocarbons in the Upper 
and Lower Jurassic. Losses of drilling fluids also indicated existence of a 
permeable fracture network. While these are encouraging indications, no 
conclusions can be reached until a testing program is conducted. 
Demir Dagh Appraisal 
The first well in the Demir Dagh Appraisal program (DD-3) was spudded in 
mid-November and is expected to reach a total depth of 4,115 metres in Q2 
2014. The well is being drilled down flank of the anticline approximately 
three kilometres to the southeast of the DD-2 discovery well and will test the 
Cretaceous, Jurassic and Triassic reservoirs. The DD-3 well is on schedule, 
having reached a depth of approximately 1,600 metres in the uppermost 
Cretaceous. Drilling experience to date with DD-3 has been consistent with 
the drilling of the DD-2 discovery well. 
In addition, the Romfor 22 rig that successfully tested the Zey Gawra (ZEG-1) 
discovery well is now moving to Demir Dagh to re-complete DD-2. The 
re-completion will allow for oil production from Demir Dagh's Cretaceous 
reservoirs once the Corporation's production facilities are operational, which 
is expected in Q2 2014. 
Oryx Petroleum is the operator and has a 65% participating and working 
interest in the Hawler license area. 
Haute Mer A License Area 
Horse Exploration Well 
The Jasper Explorer Drillship spudded the H-1 well targeting the Horse 
prospect (formerly Ma) in early September and reached a total depth of 5,522 
metres in late November. The well was drilled in 1,038 metres of water 80 
kilometres offshore Congo (Brazzaville) in the western portion of the Haute 
Mer A license area. Primary targets were the Tertiary N3 reservoir, a 
turbidite play, and the deeper Cretaceous reservoir, an Albian age carbonate 
play. The principal exploration risks for Horse were reservoir quality and 
lack of hydrocarbon charge. Although the H-1 well encountered both Tertiary 
and Cretaceous reservoirs with good porosity, the reservoirs were water 
bearing. The Corporation and its partners will analyze and incorporate the 
information obtained from the drilling of Horseinto the plans for the Haute 
Mer A license area in which Oryx Petroleum has a 20% participating and working 
interest. The Jasper Explorer will now move to test the previously announced 
Elephant discovery. 
Capital Markets Day 
As previously announced, Oryx Petroleum will host its first annual Capital 
Markets Day on December 10, 2013 in Toronto, Canada. 
For additional information about this event, please contact: 
Leon Law
Corporate Communications Associate
Tel.: +41 (0) 58 702 93 66 leon.law@oryxpetroleum.com 
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 
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 
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 
For additional information about Oryx Petroleum, please contact: 
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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