Colombia FOCUS 12 blocks with over 1 million gross acres LLA-10 equally split between the Llanos and Putumayo basins EL PORTON LOS o Several new discoveries and exceptional OCARROS exploration upside LLA-19 Llanos low-side fault…
Petroamerica A SNAPSHOT Operations Production 2014 Average Production 6,250 boepd1 Petroamerica Year-End 2013 Llanos Reserves 4.9 MMboe2 Reserves 2P Acquired Suroco Mid-Year 2014 Putumayo Reserves 5.9 MMboe3 Capital Structure…
Suroco Acquisition July 15, 2014 Why acquire Suroco Diversify PTA production and asset base Suroco Acquisition Petroamerica 2014 Bid Round (PUT-31) into the Putumayo Basin Oil Field PUT-2 Increase corporate reserve life index…
2014 Expanding & Optimizing the Asset Base New Play Entry Suroco acquisition established a dominant position in the potentially prolific emerging N Sand play Consolidated N Sand acreage position by adding PUT-31 with Gran Tierra…
2015 Guidance - 6 months to June 30, 2015 H1 2015 Average Production 5,400 bopd Wells Capex (Net million) Drilling, Facilities Seismic Total Gross Net Completions & Workovers Exploration 2.0 1.0 6.4 0.0 0.0 6.4 Appraisal 1.0…
Langur A promising New Discovery Low-side Fault LLA-19 (50% WI)6 Closure Play Langur-1X discovery December 2014 A A 14.5 feet of net pay Stabilized flow rate of 760 bopd of 24 API oil with a steadily declining water cut (26% at…
Near Term Drilling 2015 Llanos Low-side Closure Play LLA-10 LLA-19 (50%WI)6 Garza Roja-1 Langur-2 Appraisal (Q1 2015) LLA-10 (50% WI) Garza Roja-1 (Q1 2015) PTA paying 5.5% of the well, retaining 50% WI High impact targeting…
Putumayo Upside - Dominating the N Sand Play N Sand play is a repeatable, seismically driven amplitude play Initially proved in Ecuador (1990s), not pursued in Colombia due to security situation Play extension into Colombia proved…
Llanos Fields Development Activity Las Maracas (50% WI) Gacheta LM-8 Fully Developed LM-1 W LM-3 Stacked reservoirs Une, Gacheta & LM-2ST1 LM-4 LM-9 Mirador LM-11 LM-10 Light 29-37 API oil LM-13 LM-5 LM-16 LM-12 Managing…
Putumayo Fields Development Activity Suroriente (15.8% WI) PUT-7 SURORIENTE Cohembi Field 125 MMbls of Oil-in-Place3 Expected ultimate recovery factor 24%3 (2P) Successful waterflood Deferral of development drilling pending oil…
Petroamerica in a Volatile Oil Market Stable production base (5,500 boepd1) even after delaying investments Focus on capital preservation with an eye on flexibility Flexible capital program permits a deceleration or acceleration of…
Executive Management & Board of Directors Executive Management Board of Directors Jeffrey S. Boyce Lead Executive Director Jeffrey S. Boyce Lead Director Senior oil and gas executive with over 35 years of domestic and Michael E.…
Capital & Debt Structure at December 31, 2014 Common Shares Outstanding 872.5 million Price Expiry Dilution Warrants 0.20 19-Apr-15 1% 8.4 million Contingent Value Rights 1% 8.8 million Options 7% 63.0 million Fully Diluted…
CrudeOil Marketing Crude Marketing Llanos Coveas Cao Limon 240,000 bopd & Transport Diversified markets 60% of sales linked to Brent, 40% to Bicentennial 450,000 bopd Phase 3 Vasconia Phase 2 Crude currently transported to:…
Block Summary PTA Working Gross Additional Basin Block Operator Net Acres Interest Acres Royalty Balay Perenco 15% 1,776 266 0% El Edn Parex 40% 99,633 39,853 0% Exploration - Parex 50% 98,754 49,377 El Portn 0% Llanos Curiara…
Abbreviations and footnotes bopd: barrels of oil per day boepd: barrels of oil equivalent per day. Using conversion rate of: 6 thousand cubic feet of gas equal to 1 barrel of oil bfpd: barrels of fluid per day bbl: barrel MMbbls:…