Americas Petrogas Inc. . Annual General Meeting Presentation July 8, 2014 TSXV: BOE 1
Market Overview In USA, the non-conventional is becoming conventional and this is starting to happen in Argentina due to the country need for import replacement of hydrocarbons Resource Capture has become a priority for super…
Investment Summary and Opportunities Conventional Opportunities--multi-year drilling inventory 962,000 Net Acres over 12 Blocks-Huge Running Room Strong Operator 10 blocks Diverse play types-High Degree operational control Portfolio…
Financial Highlights Market Capitalization Common Shares Outstanding 232 million Management and closely held approx. 22% Recent Share Price July 6, 2014 C0.88 Market Capitalization approx. C200 million Current and Long Term Debt (Feb…
Strategy Unlock value of resources Proof of ConceptHigh Impact Why Size of the Prize in perhaps best shale play Alternatives and Strategic Process Continue focus on disciplined capital program 7
Execution of Strategy Active Strategic M&A process (joint ventures, farmouts, sale) Executed on construction and startup of oil gathering and processing facility Executed on gas re-injection program to enhance oil recovery (EOR) &…
Evolution of Americas Petrogas Vaca Muerta Shale Activities 2011 2012 2013 2014 Increased Working LTE.x-1 announced LHo.x-1 Vaca Muerta ADA.x-1 Vaca Muerta Shale Interest to 39% in discovery in Vaca Muerta Shale discovery discovery…
Americas Petrogas Vaca Muerta Shale Discoveries Totoral Los Toldos I Los Toldos II Huacalera Hua.x-1 LHo.x-1 ALL.x-1 LTE.x-1 ADA.x-1 HUA.x-1 Light Oil Gas/Condensate Light Oil Light Oil/Gas Gas Discovery Discovery Discovery…
NET Reserves and Resources Reserves Estimated by Chapman Reserves Petroleum Engineering Ltd. With an (Proved + Probable) (Possible) effective date of December 31, 2013. Gas Light Oil Gas Light Oil Heavy Oil Chapman Petroleum…
Americas Petrogas Inc. - Overview Production, Cash Flow, Reserves and Resources Conventional Oil & Gas, Tight Oil & Gas, & Unconventional Shale Oil and Gas 7.6 Billion BOE P50 Best Case Unrisked Prospective (Recoverable) Shale…
Americas Petrogas Reserves in the Neuqun Basin Company Reserves Summary (Net to Americas Petrogas) Proven + Proven + Probable Proven (mmboe) Probable + Possible (mmboe) (mmboe) 2013 1.72 8.84 56.63 As Of December 31, 2013…
Americas Petrogas Net Resources in the Neuqun Basin as Estimated By Ryder Scott Company Resource Estimates reference the news release dated August 22, 2013: Americas Petrogas Completes Independent Evaluation of its Unconventional…
Americas Petrogas Net Prospective Resources by Block P50 Best Case Unrisked Prospective (Recoverable) Shale Resources - (Net to Americas Petrogas) Working Acres Block Name Partner Oil/Condensate Gas Total Operator Interest…
Neuqun Basin - Overview Base of Vaca Muerta Seismic Structure Map Los Toldos III Los Toldos IV Los Toldos II Los Toldos I Loma Ranquelles Argentina Producing Hydrocarbon Basins Medanito Sur Super-Majors Near Americas…
Vaca Muerta Shale Transactions Chevron/YPF Narambuena Americas Petrogas Net Acres - 54 Million, 34,320 net acres Block Los Toldos I 44,235 Shell/Total Rincn de la Ceniza / la Escalonada - 300 Million, 48,645 net acres Los Toldos II…
References for Vaca Muerta Shale Transactions Chevron/YPF Loma La Lata/Loma Campana http://www.chevron.com/chevron/pressreleases/article/07162013_chevronargentinasypfsignaccordtodevelopva camuertashale.news Chevron/YPF Narambuena…
Main Basin Stacked Pay Potential All of Americas Petrogas blocks in Neuqun province have additional targets besides the shale source rocks. The Mulichinco, Quintuco and Tordillo Formations are likely charged over our acreage based on oil…
Basin Pipeline Infrastructure Source: http://sig.se.gob.ar/visor/visorsig.phpt=4 [accessed Mar 28, 2014] 20
Loma Ranqueles Potential Conventional and Tight Sands Potential: Base of Vaca Muerta Seismic Time Structure Map - Block located in the vicinity of large conventional gas fields, and Loma Ranqueles Block directly west of Los Toldos I…
Loma Ranqueles Shale Gas & Tight Gas Location is Prepared, Plan to Drill in 2014 The Surface Location has been prepared and the Company is working to secure the rig and needed rental equipment for drilling and testing the well. An…
Medanito Sur Infrastructure Processing Plant, Power Generators running on produced gas can power up to 400 pumpjacks, Gas compression pilot project, two oil batteries, and a L.A.C.T. station 50km away to transfer oil to a regional…
Medanito Sur Infrastructure - New Projects Power Generation + Gas Reinjection As of March 31, 2014 the gas reinjection program began full operation, injecting approximately 1 million scf/d into El Tordillo formation, at the top of the El…
Medanito Sur/Rinconada Norte- Development Opportunity 500+ Drilling Locations The Conventional Opportunity - Total Potential Locations Numerous drilling opportunities exist in the Medanito Sur and Rinconada Norte blocks Opportunities…
Seismic Reprocessing and Workflow on Medanito Sur & Rinconada Norte Americas Petrogas has begun a new workflow for the Medanito Sur and Rinconada Norte Blocks. As part of the efforts to improve imaging of the conventional targets…
2013-2014 Operations Highlights Discovered Oil on operated LHo.x-1 Vaca Muerta shale well on Totoral Block (90% Working Interest) Discovered Gas & Natural Gas Liquids at operated ALL.x-1 Vaca Muerta shale well on Los Toldos I…
Los Toldos I Potential Unconventional Potential: Base of Vaca Muerta Seismic Time Structure Map Vaca Muerta Shale Los Toldos I Block - One well drilled (ALL.x-1), gas/condensate discovery ALL.x-1 Well - Thickness: 1,800 ft (560 m)…
Los Toldos II Potential Unconventional Potential: Base of Vaca Muerta Seismic Time Structure Map Vaca Muerta Shale Los Toldos II Block - Two wells drilled (LTE.x-1), oil with associated gas discovery, Americas Petrogas Wells…
Los Toldos III/IV Potential Conventional and Tight Sands Potential: Base of Vaca Muerta Seismic Time Structure Map - Mulichinco & Tordillo Formations Unconventional Potential: Los Toldos III/IV Blocks Conventional Gas Fields Vaca…
Huacalera Potential Operator: YPF Base of Vaca Muerta Seismic Time Structure Map Unconventional Potential: Huacalera Block HUA.x-1 Well Vaca Muerta Shale Conventional Gas - Thickness: 1,700 ft (530 m) Fields - Depths to top of…
Achieving Balance Capital Requirements Asset Rich - Leading position in World Class Vaca Muerta resource play plus Agrio, Los Molles Capital Resources Lowly Leveraged Plan for 2014 considering leverage in due time Achieve…
Summary Demonstrated VM shale well exploration drilling, completion and testing - 5 new Discoveries Resource study completed and updated by Ryder Scott Houston Completed financing of 17.25 million Conventional multi-year drilling…
Advisors Auditors: PricewaterhouseCoopers LLP Banker: HSBC Bank Canada Evaluation Engineers: - Chapman Petroleum Engineering Ltd. - Ryder Scott Company LLC Legal Counsel: Borden Ladner Gervais LLP Transfer Agent: Computershare…
Contact Information: Corporate Offices: Canada: 3911 Trasimene Cr. S.W. Calgary, Alberta, Canada T3E 7J6 Phone: (403) 685 1888 www.americaspetrogas.com Buenos Aires: Tucumn 1 - Piso 8 Ciudad Autonoma Buenos Aires (C1049AAA)…
Base Vaca Muerta Seismic Time Structure Map Development Trending NW from Loma Campana Main Basin Americas Development Trending Petrogas NW from Shale Wells YPF/Chevrons Loma Americas Petrogas Campana Development Blocks Area…
Increasing Activity Near Los Toldos Blocks Americas Petrogas Narambuena Shale Wells Chevron 4 well drilling and hydraulic Historical Wells Block YPF fracturing program at El Trapial Americas Petrogas Blocks Chevron JV. YPFs Next…
Shell Farms into TOTAL next to Los Toldos I Shell acquires 42.5% each of La Escalonada and Rincon de las Cenizas Blocks from Total According to an article on TAU.Nq.LEsc.x-1 (2012) rionegro.com.ar, Shell paid around 300 million for…
Annual Oil Sales and Netbacks Operating netback is a Non-GAAP Measure. Non-GAAP measures do not have any standardized meaning prescribed by IFRS. It is unlikely for non-GAAP measures to be comparable to similar measures presented by…
Continued... Annual Oil Sales and Netbacks (net) Cumulative Net Oil Sales as of December 31, 2013: 1,785,791 barrels Gross profit - The term gross profit is an additional GAAP measure because it is presented in the…
Argentina Oil & Gas Oil Price Exports Oil Price Oil exports are subject to an export tax regime Realized Oil price for Exports is 70 when WTI 80 Domestic Oil Price Oil sold in the domestic market is priced at a discount Current…
Argentina Oil & Gas Oil Plus Oil Plus Program launched in December 2008 Tax incentives to promote increase of production and reserves from 2008 levels Tax credits for Incremental Production: 55% of export tax Requirement: Reserves…
Recent Argentina Developments Argentinas Congress agrees to 5 Billion Compensation for Ypf http://www.bbc.com/news/world-latin-america-27141955 Helmerich & Payne Announces Contract Awards in Argentina…
References for Increasing Activity Near Los Toldos Blocks Chevron Trapial wells & locations http://www.energianeuquen.gov.ar/mapas.aspx: pozosexploratorios2012 map & pozosexploratorios2013 map Chevron & YPF Exploration program at…
Definitions of Oil and Gas Reserves and Resources The following definitions are based from those given in the Canadian Oil and Gas Evaluation Handbook Reserves are estimated remaining quantities of oil and natural gas and related…
Abbreviations/Definitions Oil and Natural Gas Liquids Natural Gas bbl barrel of oil mcf thousand cubic feet bbls barrels of oil mmcf Million cubic feet bopd barrels of oil per day mcfd thousand cubic feet per day boe barrels of oil…
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