TSX.V : CWV Exploration and Production Growth in Argentina CORPORATE PRESENTATION April 2015
Why Argentina Revitalized petroleum industry Underexplored and underexploited resources Net importer of oil and gas Government encouraging new Neuqun Basin (Cerro de Los Leones) development and exploration Favorable New Gas…
High Potential Asset Base Austral Basin (Tierra del Fuego) 25.78% working interest Core producing asset (Q3 2014 average production of 1,281 boepd; estimated to have increased to 1,393 boepd in Q4 2014) 126,000 net acres (489,000…
Our Growth Platform Tierra del Fuego Conventional generate repeatable growth from our core Neuqun Basin (Cerro de Los Cerro de Los Leones Leones) Conventional upside high impact exploration Consolidation/acquisition…
Tierra del Fuego Las Violetas Concession Extensive drilling inventory Rio Cullen Recent well IP90 rates 1 to 3 mmcf/d plus liquids* Drilling depths: 1,700 - 2,300 m US 3.54 million (gross) per well to Angostura drill, case,…
Tierra del Fuego Development Strategy Goals Focus on low risk in fill and step out drilling on established producing pools, pursue exploration upside Generate higher revenues: increase gas production qualifying for higher unit…
Building Reserves and Cash Flow 14-Well Tierra del Fuego Drilling Rio Cullen Program 8 development (8 complete, 4 on production) 4 re-completion (4 complete, 2 on production) 2 exploration (2 complete, 1 on production)…
Building Reserves and Cash Flow Q2 2015 Seismic Acquisition Program Rio Cullen Total of approximately 220 km2 Rio Cullen Concession: 50 km2 Angostura Concession: 50 km2 Las Violetas Concession (Los Flamencos gas Angostura pool,…
Building Production Prospective Springhill Formation Fairway Rio Chico Gas Facility Los Flamencos Rio Grande Town Site San Luis San Luis New Pool Discovery San Luis Gas Plant 11
Las Violetas Block Fields Puesto Quince Discovery Prospective area approximately 50 km2 Las Violetas Oil Pool Analogous to Los Flamencos and Las Violetas Los Patos pools* Gas Pool Planned drilling location PQ x-1001 well is…
Exploration Wells San Luis SL x-1003 drilled on a separate fault block adjacent to San Luis Springhill gas pool Well is a new pool discovery; tied-in to San Rio Grande Luis Gas Plant and placed on production end- Town Site 2014…
La Marina Compression Plant Turbo Compressor La Marina Compression Plant Control Panel House Capable of 105 mmcf/d to San Martin pipeline Owned by JV (CWV working interest 25.78%) 14
High Impact Exploration Targeting Conventional and Non-Conventional 15
Cerro de Los Leones (100%WI) North Neuqun Basin High impact exploration Proven productive region with excellent access Unconventional shale resource potential in the Vaca Muerta while Cerro de Los Leones drilling conventional…
Cerro de Los Leones Exploration Potential La Hoyada x-1 exploration well completed, tested and suspended pending further evaluation Puesto Rojas 23 mmbbls of oil 3-D seismic has been reprocessed produced to date from 6 wells*…
Cerro de Los Leones Vaca Muerta Non-Conventional Resource Potential 90,000 acres modeled as potentially being in the oil generation window Llancanelo crude sourced from Vaca Muerta shale Llancanelo 350 km2 Supports Vaca Muerta…
Capitalization As at April 15, 2015 Closing price 0.165 Shares outstanding(1) 164.5 million Market cap Cdn 27.1 million As at September 30, 2014 Working capital(2)(3) US 2.2 million Debt (Argentine Peso denominated) (2)(3) US…
Management Murray D. McCartney Arthur J.G. Madden President & CEO, Director Vice President Finance & CFO More than 34 years petroleum industry 40 years of petroleum industry experience in both experience in both public and private…
Board of Directors Gordon Kettleson Non-Executive Chairman Keith Turnbull, CA Former member of KPMGs executive Founding Director and previous CEO of Crown Point management committee and former Office Managing Partner for KPMGs…
Investment Highlights Operating in Argentinas revitalized petroleum industry Favorable New Gas Subsidy Program Foreign investment incentives Production growth supported by extensive infrastructure Growing conventional production…