WHITE SWAN PETROLEUM s.r.l. Services for Oil & Gas Upstream - PowerPoint PPT Presentation

WHITE SWAN PETROLEUM s.r.l. Services for Oil & Gas Upstream Sector We help you unlock the full valueof your energy assets.

THE COMPANY We help you unlock ock the full value of your energy assets. White Swan Petroleum s.r.l. (“WSP” or “the Company”) is an independent oil and gas company focused on providing services for upstream segment of the oil and gas industry both in Romania and abroad. Our main goal is to develop the Company into an high quality and efficiency service provider to the upstream sector including but not limited to services for the oil and gas well drilling, workover, exploration and production essential segments. Our business strategy is set on building trusted and long-term Company- Client relationships, consequence of delivering unrivaled project execution, time-effective, cost control and operative risk management, qualifying us to build-on an upright track record both in Romania and in the neighboring oil and gas developed core regions.

OUR WORK We help you unlock ock the full value of your energy assets. WSP management and operational team, its certified petroleum operations supervisors and field specialists benefiting of more than thirty years of essential oil and gas well drilling experience in the harshest and the most complex geological conditions, brings you the extensive oilfield expertise in onshore petroleum operations, including but not limited to: oil and gas exploration, development and appraisal drilling, o o oil and gas well engineering, o heavy workover and rehabilitation services, o oil and gas well intervention servicing, oil and gas well plug and abandonment, o oil and gas well testing and stimulation, o o oil and gas field rehabilitation and management, all in full compliance with internationally recognized standards, of “good oil field practice” and applicable laws. We firmly believe we are distinguished by the quality of our people. We have capable and experienced people at all levels and they are sustained by their proven expertise tested to date.

OUR WORK We help you unlock ock the full value of your energy assets. A comprehensive range of complementary drilling and heavy workover services such as casing, and DP running, junk milling, fishing services, cementing services and more are also part of our portfolio of services that may be provided either directly or as part of a comprehensive package deal in less time and at better value to the Operator. To ensure the highest quality of all assumed activities and high efficiency of the investment projects, WSP operates under the ISO standards and the prevention of occupational risks OHSAS 18001. Annual audits by the company TUV/SGS will confirm the high standard of processes that are essential for conducting business at the highest level. Also, WSP belongs to the International Association of Drilling Contractors (IADC). All these factors create a stable market position for WSP and make us a trustworthy, reliable and recommended business partner. Our strategy remains to focus on operational excellence alongside safe and sustainable practices while we continue to pursue an active and dynamic growth strategy.

MANAGEMENT TEAM Leonardo Craciun, Chief Operating Officer Up until 2015, LC was the Chief Executive Officer, founder and majority shareholder of Lotus Petrol SRL an E&P company operating in Romania and of its Turkish subsidiary Lotus Petrol Ltd Sti. Both companies held significant exploration and production properties in Romania (1 production lease – 53 wells in SW Romania) and Turkey (8 exploration blocks in NW - Turkey). LC started his career in 1986 with SNP Petrom SA working as a petroleum engineer. While with Petrom SA, LC fulfilled various technical positions including but not limited to Head of Production, Production Manager, Workover and Completion Department Manager etc. In 1996 he was assigned to Petrom’s operations in Turkey initially as Senior Production Engineer and later appointed as Operations Manager, ending up as Resident Representative and General Manager of Petrom Exploration Mediterranean Inc. (PEMI). LC has gained extensive experience in well intensive field rehabilitation and re-developments. He was the Operations Manager for all post drilling and workover operations including Production Optimization and well design for the Selmo Field (SE Turkey) and later for Fauresti South field Rehabilitation Project in SW Romania. Later LC functioned as Vice-President Operations for Dorchester Master Limited Partnership (Turkey) company until 2001 when he founded Lotus Petrol Ltd. Group providing services for the oil and gas industry both in Romania and Turkey mainly for US NASDAQ listed E&P Operator, Toreador Resources Corporation until 2008 when TRC sold their interest both in Romania and Turkey. LC holds a Petroleum Engineering BSC degree from the “Oil & Gas University” – Ploiesti, Romania and completed two major post graduate courses for Management of Petroleum Development Operations at Norwegian Petroleum Directorate (NPD) - Norway and Oil & Gas Well Performance Digital Analysis at Echometer Company – Wichita Falls, TX, USA.

MANAGEMENT TEAM Iulian Sorici, Geology & Geophysics Manager Iulian Sorici has over 30 years experience in the oil and gas industry. He holds a Petroleum Geology degree from the University of Bucharest. After spending his early years as Senior Geologist and Chief Geologist with Petrom SA operating over several Petrom SA’ subsidiaries across Romania, in 2005 he was appointed as Senior G&G Expert with the Romanian National Agency for Mineral Resources were he functioned for seven years. Following his position in the NAMR, starting 2012 he worked for several Romanian and International E&P companies that entered Romania, such as Panfora Oil & Gas, Sandhill Petroleum, and for more than eight years now he provided G&G consultancy either directly as an employee or indirectly thru his consultancy firm, in a variety of technical, and operational roles, focusing mainly on oil and gas G&G asset evaluation, marginal field rehabilitation programs and re-development, hydrocarbon reserves studies, seismic processing and interpretation, certified reserves reports, log processing and interpretation etc. IS was instrumental in various new country entries in Romania, and the building of numerous asset portfolios. He also was responsible for well completion design and operations management for new and oil and gas development projects both onshore and offshore Black Sea.

MANAGEMENT TEAM We help you unlock ock the full value of your energy assets. Ion Ungureanu, Drilling & Workover Manager. Ion Ungureanu has more than 30 years experience in drilling ad workover operations management and supervision and functioned in various operational and senior management positions in Petrom SA subsidiaries, where he started as a drilling engineer in 1986 at Videle Subsidiary, ending up the Head of Well Control and Emergency Response Services at Petrom’s special well services subsidiary BOSS Campina in April 2002. In Turkey he served as Drilling Manager for Petrom Exploration Mediterranean Inc. in the SE Turkey’ Selmo Field and was instrumental to the drilling and completion operations conducted in Selmo 37 and Selmo 38 new wells, that together brought over 2500 BOPD additional oil production to PEMI operator. Mr. Ungureanu brings over 30 years of experience in the upstream drilling and workover services, serving in executive, operational, and general management roles in oil and gas exploration and production properties in Romania, Turkey and Kazakhstan. In 2002 was appointed Field Manager for Oztiurk Munai Ltd. (Aktobe) Sinelnikovskoe Oil and Gas Field and served in this position until the end of 2006 when returned to Romania he was appointed as Drilling Manager for Lotus Petrol s.r.l. and coordinated all the drilling and workover operations that Lotus conducted in Fauresti Field during field rehabilitation operations for Toreador Resources Corp. (USA) as Operator. Mr. Ungureanu holds a Petroleum Engineering (Drilling) BSC degree, from Oil and Gas University in Ploiesti, Romania (1986).

T50-B CAT WORKOVER RIG We help you unlock ock the full value of your energy assets. 1. RIG MODEL T-50 B back-in semi-trailer mounted double drum mobile drilling/workover rig manufactured by UPET Targoviste in 1986. In 2019, the Rig was refurbished and upgraded latest technical requirements for the industry, including but not limited to the installment of Stage IV, 350 HP CAT C9 – ACERT Engine w/CAT CX31-P600 Transmission power system. 2. GENERAL TECHNICAL DATA 2.1 Manufacturer UPET Targoviste 2.2 Rig Power System i) CAT C9 – ACERT, Stage IV, Engine 350 HP ii) CAT CX31 – P600 Transmission 600 HP 2.3 Maximum working hook load 70 MT; 2.4 Nominal working hook load 50 MT; 2.5 Operating depth for vertical wells; 2.5.1 Drilling i) Drilling with 4 ½” DP 1200 m; ii) Drilling with 3 ½” DP 1700 m; 2.5.2 Workover i) Workover with 2 7/8” DP 2200 m; ii) Workover with 2 7/8” TG 3500 m; 2.6 Rig operating temperature - 29 ° C to + 45 °