Head Office: MADALENA ENERGY INC. Suite 3200, 500 - 4th Avenue SW Calgary, Alberta, Canada T2P 2V6 Argentina Office: MADALENA ENERGY S.A. Madalena 421 Lola Mora, 13th Floor Buenos Aires, ARG C1011ABE e n e r g y inc.…
MADALENA ENERGY INC.: Argentina Focused Presentation Outline Madalena Overview and Yearly Growth Comparison Argentina Commodity Prices Summary of Key Properties Surubi Conventional oil production Cash Cow Coiron Amargo…
MADALENA ENERGY INC.: Overview UPSTREAM OIL AND GAS COMPANY FOCUSED ON THE DELINEATION OF SHALE AND UNCONVENTIONAL RESOURCES IN ARGENTINA Trading Symbol: TSXV MVN Total Issued and Outstanding Shares 541 million Market…
MADALENA ENERGY INC.: Conventional Growth Year to Year Madalena Consolidated Reserves Madalena Consolidated MBoe Proved + Probable MBoe Boe/000 shares Boe/d Production boe/d Boe/MM shares 12,000 23.00 3,500 6.00 Argentina Argentina…
ARGENTINA OIL PRICING: Current Regulated Premium to Brent In Argentina, oil prices are set by the government monthly for product sold into the domestic oil market Regulators in Argentina set April & May 2015 oil pricing at…
ARGENTINA PROPERTIES: Multiple Blocks in Two Basins Block Summary Block W.I. Operator Net Acres Province/Basin Valle Morado1 97% Madalena 47,423 Salta/Noroeste Santa Victoria1 100% Madalena 516,846 Salta/Noroeste El Vinalar 100%…
CORE PROPERTIES: Q1 Production Oil Gas Boe/d % Total Puesto Morales/Rinconada 895 3,859 1,538 47% Surubi 926 926 28% Coiron Amargo 370 425 441 13% Sub Total 2,191 4,284 2,905 88% Minor Properties 397 - 397 12% Total 2,588 4,284…
Northern Properties: Surubi, Chivil and Palmar Largo UU SS AA JJ AA MM DD OO M M Santo Domingo F PALMAR LARGO (BALBUENA ESTE) WI:14 % Paraguay Surubi Mature stable production platform PALMAR LARGO WI: 14% PI High…
NOROESTE BASIN: Conventional Light Oil Production with Exploration Upside Palmar Largo (14% Non-Op) El Chivil 17 wells have cum. production of 40 MMBbls Palmar Largo Surubi (85% Operated) Proa-2 well has produced 1.1MM Bbls in…
PRIMARY STRATEGY: Delineating Unconventional Shales & Tight Sands Plays in Neuquen Basin 2015 Budget: Vertical & Horizontal Activities to Delineate Four Unconventional Resource Plays MULICHINCO RESOURCE PLAY (Liquids-rich Gas)…
COIRON AMARGO: Recent Offsetting Vaca Muerta Operations Aguada Federal -Wintershall; March 16, 2015 (Wintershall website) -2 vertical VM wells in 2015 -Contingency of 6 horizontal VM wells La Amarga Chica -Petronas; May 2014…
CURAMHUELE: Recent Offsetting Activities Lower Agrio Shale & Vaca Muerta Shale Offsetting activity by international EL TRAPIAL (CHEVRON) August 14, 2014 YPF operators including ExxonMobil, YPF, announces very important -ET.x-2006…
VACA MUERTA SHALE PLAY: Overview Prospective at Coiron Amargo, Curamhuele and Cortadera Thickness 500m Progressively deeper & thicker from east to west in the basin Thickness 1000m with the inclusion of the overlying Quintuco…
LOWER AGRIO SHALE PLAY: Overview Prospective at Curamhuele and Cortadera The Lower Agrio cycle began with a marine flooding event that created good oil source rock in the centre of the basin Lower Agrio flowed 75 bbl/d oil…
MULICHINCO LIQUIDS-RICH GAS RESOURCE PLAY: Overview Prospective at Curamhuele and Cortadera Liquids-rich gas bearing tight sand play Rapid thickening ( 200 m ) of the Mulichinco on the Curamhuele and Cortadera blocks…
PUESTO MORALES : Loma Montosa Oil Play Overview Prospective at Puesto Morales Light Oil Resource Play at Puesto Morales field MVN is operator with 100% W.I. Tight Dolostones with good well control in Loma Montosa zone Shallow drill…
LOMA MONTOSA OIL PLAY: Applying N.A Horizontal Technology in Argentina PMS-1135(h): Longer Hz, More Stages & Bigger Fracs Providing Solid Results To Date 1,000 PMS-1135 TARGET Boe/d 30 day IP 570 Boe/d 300 MBoe Type Curve PMN-1117…
LOMA MONTOSA OIL PLAY: Applying N.A Horizontal Technology in Argentina PMS-1135 (h) LM-93/96 LM-100 Horiz.Well Best Reservoir a-4 1011 PHIE Net thickness Res3-4-5 thickness JUNE 2015 19
Puesto Morales Facilities: Madalena Operated & Controlled Q4 Oil Originally cost approximately USD 40 MM to build 968 bbl/d Plant & Infrastructure Capacity Room to Grow via Horizontal Development 12,000 bbls/d in Loma Montosa Oil…
COIRON AMARGO NORTH: Sierras Blancas Horizontals Applying N.A. Horizontal Technology to Conventional Light Oil Development Coiron Amargo Norte (108 km2) converted to 25-year exploitation license (MVN 35% W.I. -Non-Op) Recently placed…
COIRON AMARGO NORTH: Sierras Blancas Horizontal Prod Average Daily Oil Prod Coiron Hz Well v Offset Sierras Blancas Hz 728 761 693 662 624 547 CAN.xr-2(h) - Cum 254 Mbbls in 17 months 524 516 520 465 491 490 442 460 451 432…
MADALENA ENERGY: Argentina Focused Plan Entering 2015 with No Debt & Focused Plan Active Argentina Focused Drill Program in 2015 2015 / 2016 Plan: Advance Four Key Resource Plays Loma Montosa Oil resource play at Puesto Morales -…
APPENDICES JUNE 2015 24
APPENDIX 1: Experienced Full-Cycle Operating Team MANAGEMENT TEAM BOARD OF DIRECTORS Kevin Shaw, P. Eng., MBA President & CEO Barry Larson Previously Managing Director & Head of Energy Research at a boutique VP Operations & COO, Parex…
APPENDIX 2: Argentinas World-Class Shale Potential June 2013 EIA Released Updated World Shale Oil & Gas Assessment Argentina has 4th largest technically recoverable shale oil resource in the world Behind only Russia, USA & China…
APPENDIX 3: Vaca Muerta vs US Shales m 0 250 500 Shale Thickness 750 1,000 Oil Shales Gas Shales Vaca Muerta Shale Vaca Muerta Shale Madalenas Coiron Madalenas Cortadera Shale Comparisons Amargo Area Eagle Ford…
APPENDIX 4: ARGENTINA VS. CANADA Higher Risk = Larger Rewards Potential to unlock much bigger value in Argentina makes the challenges of operating there worthwhile, but effort and patience are required to achieve success Fiscal…
APPENDIX 5: CANADIAN ASSETS - West-Central Alberta ALBERTA EDMONTON CALGARY Greater Paddle River Core Area (150 Net Sections of Land) High Working Interest & Primarily Operated Multiple Plays for horizontal multi-stage…
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