Going Vertical Vertical Drilling Program & Company Update May 2015 OTCBB OTCBB:: PTRC PTRC www.petroriveroil.com 1
Going Vertical Executive Summary The Petro River team is pleased to present a vertical drilling opportunity on our Pearsonia West asset. Vertical Program Highlights Acreage position surrounds and is adjacent to Mississippian fields…
Continue Executing Our Strategy Petro River is focused on Mississippian Lime-development for its E&P business Assemble a team of global energy leaders Outline Attractive Development Program Pioneers in geotechnical and Wanted the…
Executing Our E&P Strategy September November 2013 March 2011 June 2014 2012 Formalizes management January 2014 February 2015 Reverse Acquired Spyglass Re- team adds Luis Vierma, Jonathan Rudney begins as Petro River begins to…
What We Have Delivered 106,500 acres, 50% PTRC Ownership TODAY 2014 Pearsonia West being prepared for Purchased VERTICAL 2013 Pearsonia West development; Formalized Concession; Low drilling & management 106,500 operating…
Assumptions In order to model out our program, we have made some base level assumptions based upon analogous wells, historical EURs and estimated operating costs: Base Single Well Assumptions: Estimated 275,000 - 300,000 range for well…
Drilling Program Our model is based off of single well economics with price sensitivities based upon high, low, and medium case EURs and 45, 60, and 75 oil to illustrate the effects on returns in various scenarios. Internal Rates of…
Analogous Fields Osage County and the Burbank field are one of the largest oilfields historically in the lower 48 states, responsible for the start of many major oil companies. World class oil trend Pearsonia Foraker Structural Complex…
Vertical Mississippian Production Analysis Osage county has the highest vertical average EUR rates that are historically nearly 40% greater than the next greatest producing county in Northeast Oklahoma. OTCBB : PTRC…
3-D Seismic Defined Structures Company acquired 36 miles of proprietary modern 3D seismic. Wells drilled incorporating 3D seismic have distinct advantage in accurately defining vertical drilling opportunities. 3-D Seismic Prospects 36…
The Mississippian Lime Mississippi Lime Play Pearsonia West Concession, Osage County Oklahoma OTCBB : PTRC www.petroriveroil.com 15
The Pearsonia West Concession Petro Rivers core position is the Pearsonia West Concession which contains 106,500 contiguous acres in Osage County, Oklahoma; play is optimally set up for vertical development. Pearsonia West at a Glance…
Pearsonia West Advantages Advantage Details Ubiquitous presence of reservoir and stratigraphic trap Proven hydrocarbon presence throughout reservoir Vertical and Horizontal Potential The play allows for structures that are conducive…
History; Osage County It is important to understand the history of vertical well development in Osage County to gain an understanding for the future potential. Osage Vertical History Cumulative production to date in excess of…
Mississippian Drilling Experience Petro River has assembled a team that collectively has drilled over 200 wells in the Mid- continent region and have 85 years experience successfully drilling wells in the Mississippian and related…