Focused on multi-zone oil opportunities in the North Dakota Bakken / Three Forks TSXV: PSH OTCQX: PSHIF Corporate Presentation 2015 AGM
PetroShale Inc. Growth oriented, oil-weighted company focused in prolific, multi-zone North Dakota Bakken / Three Forks Partnered with top tier, experienced and most efficient operators in the basin Exposed to diversified portfolio…
Profile - TSXV:PSH / OTCQX: PSHIF Financial Total Shares Outstanding 34.2MM Management Holdings 43% Market Cap ( 1.25 / share) 42.8MM Net Debt at Mar 31, 2015 79.8MM(1) Enterprise Value 122.6MM Operating netback per boe(2) (gross…
Management and Directors Combined Calgary & Denver team brings decades of technical, financial and capital markets expertise Track record of building and growing companies; Denver-based deal team with experience in North Dakota…
Evolution of PetroShale Previous strategy & management team New strategy & management team Nov 2014: March 2012: Nov 2013: Announced US13.3MM in strategic acquisitions Completed reorg to form Experienced management team and increase…
2014 Highlights Full year demonstrating execution of PetroShales strategy reserves, land and productive capacity growth Executed 24 acquisitions for US32.8 million Realized strong netbacks of 48.13 per boe (61.68 per boe on a net…
2015 Year to Date Achievements Completed numerous acquisitions and pursuing further opportunities Invested US4.8 million in Q2 2015 to acquire additional new leases, mineral and working interests Proforma US proved reserves(1) have…
Advantages of U.S. Bakken EUR (mboe) IP365 (boe/d) 567 440 102 69 Canada US Canada US US Bakken is the full petroleum system with source rock featuring multiple stacked zones accessible for development: Middle Bakken, Three…
Strategy: Keep it Simple GO WHERE THE OIL IS MULTI-ZONE POTENTIAL Lodgepole SUPER GIANT FIELD 000s Barrels of Oil / Day Bakken / Three Forks Bakken Region Oil Production Growth Upper Bakken Shale 1,400 10,900 Middle Bakken…
Focus on Acreage Quality Drilling continues to be economic, even in this environment At WTI 50, operating netback is C25/bbl; C35/bbl net of royalties Our acquisitions have been concentrated in the heart of the play, avoiding the…
Targeting the Bullseye DIVIDE BURKE WARD PetroShale strategy to acquire leases in WILLIAMS the most prolific core of the play MOUNTRAIL Target projects with IP30s of 800 boepd and EURs of 700,000 BOE Majority of our lands…
Exposure to Significant Drill Bit Growth Interests in 43 undrilled / partially drilled DSUs (Drilling Spacing Unit) Booked 11.3 MMBoe of reserves (P+P)(1) 139 gross / 14.6 net drilling locations booked as at December 31, 2014…
Strong Well Economics EVEN WITH LOW OIL PRICES Type I Type II Daily Oil Rate vs. Time Drilling & Completion 10.0 10.0 Costs (USMM) Type I well IP30 Rates (Boepd) 1,180 1,030 Daily Oil Rate EUR (MBOE) 885 725 Type II well…
Upside Potential DOWNSPACING / INCREASING WELL DENSITY Industry Leading PetroShale Basin Operators = OPPORTUNITY Booked 4.5 (1) Booked 8 5x PSHs currently locations per DSU locations per DSU booked locations Some operators…
Density is Key Industry continues to advance completion technologies, increase density and identify additional Three Forks benches which could significantly expand the opportunity (1) (1) Reflects PSH Total Proved wells booked…
Demonstration of Value Creation US Reserves Increase (Gross) Btax NPV10 Increase December 31, 2013 (1) December 31, 2013 (1) December 31, 2014 (2) December 31, 2014 (2) +1,514% +1,200% 11.3 +987% 157.3 +1,420% 7.6 116.3 10.7…
Impact of Low Oil Prices Wells still economic 50 WTI due to top-tier geology Positive cash flows; C25/bbl netbacks / C35/bbl net of royalties Recent completions activity expected to result in near term increases to production…
Pricing Impact on Activity 2014 Actuals 2015 Anticipated Drilling & Land Acquisitions % Completions 44% 56% Land Acquisitions Drilling & Completions % Capital spend 64.5 MM In aggregate As a result of possible price deck…
Investment Opportunity Growth oriented, oil-weighted company focused in prolific, multi-zone North Dakota Bakken / Three Forks Partnered with top tier, experienced and most efficient operators in the basin Exposed to diversified…
Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 350 7th Ave SW, Suite 3900 OTCQX: PSHIF Calgary, AB T2P 3N9 Phone: +1.403.266.1717 LEGAL COUNSEL: Burnet, Duckworth & Palmer, Calgary…
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