SHOAL POINT ENERGY April, 2015 CEO Mark Jarvis mjarvisshoalpointenergy.com
51-101 Compliant Resource Assessment SUMMARY OF EVALUATION Author: 3
PROJECT LOCATION SHOAL POINT 4
SHOAL POINT ENERGY Exploration Licences 1070 and 1120 Wells to be drilled from onshore surface locations utilizing multi well Pads for Stage 1 Development Program Shoal Point is operator and representative of EL 1070 and has…
STEPHENVILLE PORT: Access to Brent Pricing Year round deep sea port and airport 30 km. from Shoal Point 6
SUMMARY OF DRILLING HISTORY Total wells: Approximately 17 Historical Era: Approximately 11 shallow wells (1898 1933) Produced 10-20 BOPD Drilled to 51 366 meters TD Modern Era: 6 deeper wells drilled (1996 2012) Lacked current…
Seeps: Evidence of Active Petroleum System Fox Is. Satellite Seep Identification Oil and Gas seeps, Oil Stained Outcrops Surrounding The Bay Gas Seep Oil Seep One Mile South of 3K Well
SHOAL POINT FIELD ATTRIBUTES Project Comprised of Unconventional & Conventional Reservoirs Unconventional Reservoir - Green Point Shale Large Volume of OOIP With Best Estimate Prospective Recoverable Resources of 428 MMBO Thick…
SHOAL POINT FIELD ATTRIBUTES Extensive shale formation with thickness ranging from 1000 3000 metres Pad Drilling To Be Utilized To Minimize Drilling Costs and Surface Footprint wells drilled from onshore to offshore Low Canadian…
GLOBAL ANALOGOUS PROJECTS Based Upon Geological or Operational Parameters: Alberta Montney Shale North Dakota Bakken Shale Ohio-Pennsylvania Utica Tuscaloosa Marine Shale Mexicos Pemex Yucatan Projects Argentinas Vaca Muerta 11
RESERVOIR GEOLOGY 12
RESERVOIR GEOLOGY 13
RESERVOIR GEOLOGY Stratification of Potential Conventional Reservoirs With Source Shales Provides a Favorable Analogy with the Monterrey & Sprayberry- Wolfcamp 14
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NuTech EVALUATION Green Point Shale 2K-39 Reservoir Summary (1300+ meters)
GEOPOLITICAL CHALLENGE Hydraulic fracturing is on hold while a provincial review panel examines potential economic benefits versus potential environmental impacts. Panel is mandated to complete its review this year. Panel composition:…