Energy Oil and Gas Conference Sydney David Casey, Managing Director 17th 18th March 2015
Company Information Key Information Board & Management Major assets in Uruguay and Spain Alexander Sundich* Chairman Completed largest onshore programme in David Casey* Managing Director & CEO Uruguay in the last 30 years Russell…
Backgroundlast 12 months 2013 2014 2015 Share price low of 0.045 Share price 0.25.5 Share price 0.10 Market cap 12.2m Market cap 113m Market cap 46.3m New strategic direction to Outperformed the ASX Energy First independently…
Portfolio Betic Alps, Spain Norte Basin, Uruguay Betic Alps Spain Lochend Cardium, Alberta, Canada Targeting conventional and Targeting conventional sandstone gas Targeting tight oil in siltstone and unconventional oil targets in…
Uruguay Energy Oil and Gas, Sydney I March 2015 6
Concessions Brazil 0 50 100 kilometres Concession Map, Uruguay How does it compare Petrel holds largest onshore tenements, totalling 14000km2 (3.5million acres) Energy Oil and Gas, Sydney I March 2015 7
Seismic Success Line 5 Multiple large shallow conventional targets identified ranging from 2 241 MMBBL Energy Oil and Gas, Sydney I March 2015 9
Independently Certified Resource First onshore resource certification for Uruguay Netherland, Sewell and Associates have independently certified unrisked Prospective Resource in the Salto and Piedra Sola concessions of up to 902…
Spain Energy Oil and Gas, Sydney I March 2015 11
Spain View of Africa from southern tip of Spain Two contiguous license areas totalling 94,000 acres License contains Almarchal-1 drilled in 1956/57 which flowed gas to surface Energy Oil and Gas, Sydney I March 2015 12
Spain Potential multi TCF resource Access to 40 gas pipeline with excess capacity located 3km from proposed well site with access to high priced European gas markets Subject to final farm-out and JV discussions plan redrill of…
In Summarywhy buy Petrel PRL Share Price versus Equal Weighted Index of 20 Company PRL Peer Group by Market Capitalisation 1 Nov 2012 = 100 Excellent Corehole Results & Delays with Seismic Programme and Resource Certification for…
and relative to broader Market Petrel (Oil & Gas Market Cap: 100m 1000m) (Oil & Gas Market Cap: 10m - 100m) Resource Invest: Australian Oil & Gas Research, February 2015 Energy Oil and Gas, Sydney I March 2015 15