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France Albania Ger and Ledeuix Permits Blocks 2 and 3 WI: 100% WI: 25% (Shell 75%) Gross Acres: 170,000 Gross Acres: 638,000 Aquitaine Basin: 11 Tcf1 World class exploration produced to date acreage Tcf gas exploration 2014…
More than 60% of global proven oil reserves and 40% of gas reserves are trapped in fractured carbonate reservoirs Fractures in carbonates are the primary pathways for fluids migration Hydraulic fracturing (fracking) is not required…
ALBANIA PETROMANAS IS BUILDING ON A HISTORY OF OIL AND GAS PRODUCTION IN ALBANIA, EXPLORING HIGHLY PROSPECTIVE SUBTHRUST CARBONATES IN THE SOUTH OF THE COUNTRY.
Shallow sandstone reservoirs discovered late 1920s Patos Marinza field discovered 1928: largest onshore oil field in Europe (OIIP 5 billion bbls1) Current exploration focus on deeper subthrust carbonates; lighter oil Foreign…
Oil Infrastructure Current pipeline from Patos Marinza field to Fier hub Highway from Fier hub to Vlore; trucking capability of 30,000 bpd Planned 70,000 bpd (Bankers Petroleum) pipeline connecting Fier hub to Vlore port Petrolifera…
Production Sharing Contract (PSC): Blocks 2-3 Operator: Petromanas 25% WI Shpirag-1 Partner: Shpirag-2 Shell 75% WI Shpirag-3 Gross Acreage: 638,000 acres Discovery Well Planned or Molisht-1 Currently Seismic: Drilling…
Well Year Operator Total Depth Reservoir/Gravity Test / Status 400 bopd, Shpirag-1 37o API 2001 Occidental (OXY) 5,055 mMD GOR 2,000 5,000 scf/bbl1 Discovery Light Oil Shpirag-2 5,547 mMD 35-37o API 800 1,300 bopd, 2013…
A B Shpirag B A Drilled Planned 11
C D Molisht-1 Drilled 12 Planned
A Source: Petromanas, 2015; Schematic not to scale B Val dAgri (Italy) Patos-Marinza (Albania) Discovery 1988 Europes largest oil field WI: ENI 61%, Shell 39% Discovery 1926 Recoverable reserves: 718 mmbo & 805 Bcf1 WI: Bankers…
Val dAgri and Tempa Rossa Petromanas Prospects Large areal extent 100 km2 Large areal extent 100 km2 Thick hydrocarbon pay column 500 m Thick hydrocarbon pay column 500 m Schematic Cross-Section through Val DAgri Oil Play Target depths:…
FRANCE FRENCH ASSETS IN THE PRODUCING AQUITAINE BASIN WITH EASY ACCESS TO INFRASTRUCTURE AND FAVORABLE FISCAL TERMS IN THE SECOND LARGEST ECONOMY IN EUROPE.
Second largest economy in Europe; fifth largest GDP in the world Limited domestic production and declining existing fields Imports most of the oil and gas supply Strong pricing environment for natural gas in the range of US10/Mcf…
Southern Aquitaine Basin (Ledeuix Vicinity) A Nine major discoveries 1949 1990 Cumulative production 70 million bbls; 11.4 Tcf 1 Wells do not require hydraulic fracturing (fracking) Multi-zone reservoirs associated with fractured…
Operator: Petromanas (100% WI) Saucde Prospect Undiscovered Petroleum Initially In Place Gross Acreage: 97,000 UPIIP Low Estimate Best Estimate High Estimate Pmean (P90) (P50) (P10) Received government approval for second Saucde…
AUSTRALIA SIGNIFICANT ACREAGE POSITION IN THE UNDEREXPLORED ONSHORE CANNING BASIN. AUSTRALIA IS A NET IMPORTER OF OIL WITH WELL DEVELOPED INTERNAL DISTRIBUTION INFRASTRUCTURE FOR BOTH OIL AND GAS.
Two active Exploration Permits in the Canning Basin of NW Australia (EP 464 and EP 486) Operator: Petromanas (100% WI) Net Acreage: 1.6 million Regional gravity/magnetics analysis completed in 2014 EP 464 work commitment…
2014 2014 2015 2015 1st Half 2nd Half 1st Half 2nd Half Announced Molisht-1 suspension Financing/ Albania Blocks 2-3 EIA Shpirag-2 discovery monetization process Rig release Q4 New rig arrival Q4 Shpirag-2 test New rig negotiations…
World class resource potential in large European market Established presence in stable democracies known to support international oil and gas development Best estimate PIIP of 950 million boe (Albania and Ledeuix) Albania risk…
Exchange TSX Venture Symbol PMI 52 Week Range C0.05 - 0.40 Stock Price (May 21, 2015) C0.08 Market Capitalization C55 million Basic Shares Outstanding1 694 million Options2 40 million Performance Shares4 50 million Total 784 million…
MANAGEMENT TEAM Glenn McNamara Bill Cummins Stephen Farner Peter Sider Chief Executive Officer Chief Financial Officer Vice President, Exploration Vice President, Engineering, Operations & Business Development DIRECTORS Verne…
Petromanas Energy Inc. (Alberta, Canada) Gallic Lux 1 Exceed Energy (Australia) Pty Ltd. Petromanas Albania GmbH (Australia) (Albania) Gallic Lux 2 EP 464 EP 486 Petromanas Energy Blocks 2-3 Permit Permit France SAS 25%…
Petromanas prospects in Albania and France share many similarities: France (Aquitaine Basin) 1. Principal source and reservoir rocks are Albania (Ionian Basin) shelf and basinal deposits associated with the Tethys Ocean a. Principal…
Albania Stratigraphic Column Aquitaine Basin Stratigraphic Column Source: Modified from Albpetrol, 1992 Source: Serrano et al, 2006 Continued from previous page 29
Albania is in a tectonically active area There is a complex history of extensional and compressional tectonics in the region This results in a complex horizontal and vertical fracture network Fracturing is a key element of this…
Well rates are maximized through fracture connectivity/deviated wells Fracture studies are underway to optimize well bore placement to maximize 300 m flow rates Major fracture corridor North Deviated wellbore Minor fractures…
Italy: Areal Extent of Val dAgri and Tempa Rossa Feilds Albania: Top of Reservoir Structure Map Block 2 Molassi Shpirag Block 3 Molisht Golemaj 32 10km
Cerro Falcone Monte Enoc Tempa Rossa Val dAgri Monte Alpi Monte Alpi Discovery Const. begins on three processing trains (FID) Source: Wood Mackenzie, 2014 Monte Enoc Discovery/Long Term Development drilling, PT at Monte Alpi…
60 '000 b/d 250 mmcfd 50 200 Cerro Falcone 40 Tempa Monte Enoc 150 Rossa 30 Val dAgri 100 20 Monte Alpi 50 10 0 0 Tempa Rossa Source WoodSource: Mackenzie, 2014 Wood Mackenzie, 2014 Tempa Rossa Discovery Well Regulatory…
Val D'Agri1 Tempa Rossa1 Albania / Shpirag Unit complex geology, fractured limestone extremely heterogeneous in both the Reservoir and dolomite and extensive fracture vertical and horizontal directions, in systems terms of fracture and…
Blocks 2-3 Prospective Resource Assessment Summary Unrisked Petroleum Unrisked Prospective Resources Initially in Place (PIIP) Pmean Pmean Block Prospect Oil MMstb Gas BCF MMBOE Oil MMstb Gas BCF MMBOE 2-3 Shpiragu 614 1,455…
Saucde Area, Ledeuix Permit Gas Resouces (Unrisked) Structure Formation Unrisked UPIIP (BCF) Low Best Mean High A-2 Jurassic 41 223 438 1,011 Lower Cretaceous 18 76 130 302 A-3 Jurassic 8 42 72 171 A-4 Jurassic 14 66 111 261…
Ger Permit Gas Resouces (Unrisked) Area Formation Unrisked UPIIP (BCF) Low Best Mean High Ossun Flysch/Eocene 69 177 247 506 Eocene 7 45 82 195 Azereix/Ger Aptian 56 162 270 598 Barremian 31 128 187 419 Source: GLJ…
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