PETROAMERICA, A COLOMBIAN GROWTH STORY SOLID FOCUSED SUCCESSFUL GROWING PRODUCTION PORTFOLIO EXPLORER RESERVES Production 11 blocks covering 6 new oil 2P & 3P audited approaching approx. 1 million discoveries reserves of 9,000…
STRONG Production Performance (PTA) 2013 THROUGH Q1 2014 PRODUCTION Q1 Average Q2 Average Q3 Average Q4 Average Q1 Average 4,390 bopd 5,047 bopd 5,951 bopd 6,341 boepd 6,478 boepd 2014 Q1 average production was 6,478 boepd…
Strong Crude Oil Sales and CONSISTENTLY HIGH NET BACKS1 Realized Sales Price 109.37 108.00 Per barrel 105.76 99.25 OPERATING OPERATING OPERATING OPERATING NETBACK NETBACK NETBACK NETBACK 79 78 76 70 ROYALTY 9 ROYALTY 8…
Strong Balance Sheet BUILDING OUR CASH POSITION Cash Position of US 103.5 million, as of March 31, 2014 Strong Balance Sheet to Fund Future Growth TSX-V: PTA 5
Petroamerica A SNAPSHOT Today After Suroco Operations Acquisition March 2014 production average1 6,506 boepd 8,967 boepd 2014 Guidance (Base Case) 6,000 boepd TBD after Closing Reserves 2P2 4.9 MMboe 8.0 MMboe Capital Structure Market…
Two Core Focus Areas: LLANOS AND PUTUMAYO BASINS 11 block portfolio of LLA-10 El Porton approximately 1 million gross acres in the two most prolific Los Ocarros basins of Colombia LLA-19 El Eden Balay LLANOS Put 2 Alea…
Suroco Acquisition Suroco, listed on the TSX Venture Exchange (TSX-V:SRN), is a Colombia focused E&P company with operations in the Putumayo Basin Acquisition Summary - Acquisition to be completed by way of Plan of Arrangement…
STRATEGIC RATIONALE for the Suroco Acquisition Significant first step towards expanding and diversifying Suroco 2013 GLJ Reserves Growth & Petroamericas portfolio by acquiring four blocks focused in the Diversification Putumayo Basin,…
STRATEGIC ENTRY POINT into the Putumayo Basin N Sand play developed in northern Block Working Interest X Factor Gross Acres Net Acres Operator Ecuador in mid 90s using 3D seismic Suroriente 15.8% 0% 90,263 14,262 CCE1 Putumayo…
LLANOS BASIN one of the CORE AREAS Bicentennial Pipeline LLA-10 El Porton Los Ocarros LLA-19 LLANOS El Eden BASIN Balay Strategic land position targeting light oil along the Bicentennial Pipeline Continue to build…
DEVELOPMENT PROJECTS Las Maracas Flagship Asset (50% WI) Stacked reservoirs Une, Gacheta & Mirador Los Ocarros Light oil 29-37 API Gross production 12,500 bopd, 50% WI LLA-19 Production performance has exceeded expectations El…
DISCOVERIES UNDER APPRAISAL 3 DISCOVERIES BEING APPRAISED Curiara Ramiriqui-1 Area Los Ocarros Los 2,525 bopd 130 ft gross Ocarros El Eden Block (40% WI) pay in Mirador El Porton 1) La Casona light oil/condensate El Bosque LLA-19…
1) La Casona Discovery 2 Wells drilled La Casona-1 Producing light 34 API oil from Une; ave 360 bopd, 1.75 MMscfd gas Gas compressed and sold, used for power generation and flared La Casona-2 Tested 545 bopd 47API oil from Mirador, Top…
2) Rumi Discovery Gross hydrocarbon column Rumi-1 60 feet/ 27 feet net pay Tested 1,000 bopd 15.5 API oil from four separate sands - Upper 3 sands 350 bopd, 1% water cut - 4 sands commingled 1,000 bopd, 32% water cut Installed dual…
3) Curiara Discovery Possible 50 foot gross Mirador oil Curiara-1 Crypto-1 column in well Tested 818 bopd of light oil 40 Calatea-1 API oil & 3.4 MMcfd gas, 0.5% water cut Long-term test production Ramiriqui-1 commenced…
Exploration Upside PLENTY OF RUNNING ROOM Sample of wells to be Crypto-1 Malavar-1 drilled in 2014 El Porton (50% WI) LLA-10 (50% WI) Top Mirador Top Mirador Time Time Map Structure Surface Location Looking for partner…
LLA-19 STRATEGIC FARM-IN (PTA 50% WI) Situated in PTA core area, bordering Los Ocarros, El Eden Lowside fault Tormento closure play & El Porton Blocks 2010 bid round award, favorable ANH contract, Los Ocarros Block X factor = 1%…
Tierra Blanca Sur-1 (1985) DE-RISKING THE PLAY Tierra Blanca Sur-1 Results Tierra Blanca Sur-1 Net pay on logs & oil shows while drilling Tierra Blanca Sur-1 Elf 1985 - Gacheta C Net Pay= 12 feet A A - Good oil shows while drilling…
Petroamerica NEW ENTRY PUTUMAYO BASIN Strategic land position focused on capturing sweet spot in the N Sand play trend Put 2 Alea Alea 1947 1848 Suroriente Put 7 TSX-V: PTA 20
COHEMBI FIELD Approaching Full Development Cohembi Oilfield 136 million barrels Oil-in-Place1 23% Recovery Factor basis for 2P reserves 34% Recovery Factor target for water flood, 44% for polymer flood1 Recent Activity Drilled 5…
QUINDE WEST DISCOVERY Unbooked Reserve Upside Quinde West Discovery Suroco applied its learnings from Cohembi 25.3 mmbbls Discovered OOIP1 GLJ 2013: 0.16 MMbbl2 probable reserves WI before royalty to identify and discover Quinde West…
Significant Exploration RUNNING ROOM Potential for the Putumayo acreage position to be a key component of Petroamericas future growth Putumayo Prospects & Leads (100% WI) Cedrillo Leads Canelo Sur 3 N Sand Prospective resource 3.6…
STRONG BALANCE SHEET to Fund Future Growth 2014 Drilling Program (including Suroco) As of March 31, 2014, Petroamerica held a cash Well Block Working Well 2014 balance of 103.5 MM Type Interest Q2 Q3 Q4 On closing of the Suroco…
Closing the VALUATION GAP Potential for the market to revalue the combined company room for share price appreciation as the Peer Group trades at a significant premium on key valuation trading metrics 2014E Avg. WI Production Valuation…
Key Attributes of the NEW PETROAMERICA Interests in eleven E&P contracts focused on high netback light and medium oil exploration and production in the Llanos and Putumayo Basins in Colombia Exposure to the prolific N Sand oil play in…
Appendices TSX-V: PTA 29 29
Executive Management & Board of Directors Executive Management Board of Directors Jeffrey S. Boyce Executive Chairman Jeffrey S. Boyce Calgary based, senior oil and gas executive with over 35 Nelson Navarrete years of domestic and…
Pro Forma Capital Structure & Outstanding Debt1 Common Shares Outstanding (assuming Suroco closing) 831,981,282 Warrants Trading Symbol Price Expiry Private Placement n/a 1.25 4-Nov-14 28,600,000 Private Placement PTA.WT 0.75 8-Oct-14…
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