Snapshot on ZAAB ENERGY

ZAAB Energy is an independent international oil and gas exploration and production company with a regional focus on the Russian Federation and Canada.

 

ZAAB Energy’s Russian subsidiary ZAAB Invest holds a diversified license portfolio to four areas located in the Russian Federation between the Black and Caspian Sea with significant oil and gas resources. Based on the results of independent service companies and resource auditors ZAAB Invest holds total recoverable C3 oil and gas resources of approximately 750 million barrels of oil equivalent according to Russian classification. In December 2007 exploration drilling in the license area South-Yermolinskiy demonstrated oil and gas shows.

 

ZAAB Energy's Canadian 51% participation Black Sea Oil and Gas ("BSOG") holds a diversified license portfolio to five areas located in the provinces of Alberta and Saskatchewan. Proven and probable oil and gas reserves currently stand at 3.38 million barrels. BSOG holds a total of 35 hydrocarbon licenses with a large potential to grow further.

 

ZAAB Energy is characterised by the following attractive features:

Investment in oil and gas:

ZAAB Invest and BSOG are both upstream company, i.e. focused on the exploration and production of oil and gas.  BSOG is in the production stage.

  • Oil and gas prices are believed to remain high for some time

Russian and Canadian focus:

The company has a primary focus on oil and gas assets in Russia and Canada:

  • Russia is one of the world’s major oil and gas countries in terms of production as well as reserves
  • Canada equally is an important oil and gas country which holds conventional oil and gas reserves as well as a large reserve base in the form of oil sands. The country features an active oil and gas industry with a great number of independent oil and gas firms. 

Outstanding management team:

The company has an experienced management team with demonstrable track record in Russian oil and gas investments

  • The team managed and exited successfully the Russian oil company Joint Stock Company (JSC) Goloil

Scale:

ZAAB Invest has total recoverable C3 oil and gas resources of approximately 750 million barrels of oil equivalent according to Russian classification

  • Approximately 581 million barrels of non risk-adjusted (i.e. amount of resources without taking into account the chances of success) recoverable C3 oil resources were confirmed by an independent reserves auditor in three license areas
  • An additional audited upside of approximately 23 billion cubic meters of recoverable C3 natural gas (approximately 169 million barrels of oil equivalent)
  • Recent drilling operations in the South-Yermolinskiy license area confirmed the presence of oil and gas

Portfolio diversification:

The resources are situated in four license blocks located within the greater Caucasus region and five license blocks in Alberta and Saskatchewan, Canada.

Favourable location:

All Russian license blocks are located in the south-western part of Russia (onshore between Black Sea and Caspian Sea). All Canadian license blocks are situated in the key Canadian oil and gas provinces of Alberta and Saskatchewan.

  • deal access to all infrastructure and year round operations