Noosa Mining and Exploration Conference David Casey, Managing Director 17th & 18th July 2014 1
Petrel Energys Diversified Global Portfolio Petrel Energys objective is to create shareholder wealth through the acquisition, exploration, appraisal and development of a diversified portfolio of substantial oil and gas projects…
Corporate Profile Capital Structure Board & Management Cash: 8.6m (March 2014) Stephen Mitchell* Chairman Issued Cap: 443.2m Shares David Casey* Managing Director & CEO Market Cap: 80m (at 0.18) Alexander Sundich* NonExecutive…
Share Performance 0.16 ResourceInvest - AOGR Report - 22 May 2014 Petrel best performing ASX oil & gas company by share price for 2013 5
URUGUAY 6
Uruguay Background Stable democracy, population 3 million and ranked among the least corrupt countries in the world Increasing international attention turning to Uruguay after recent successful offshore licencing round with companies…
Uruguay Ideal Operating Environment Ready local market for oil and gas at international prices Uruguay currently imports 40,000 bopd into La Teja Refinery in Montevideo Attractive PSC terms. ANCAP (Energy Ministry) involved in…
Uruguay Corehole Success Corehole results confirm existence of an active petroleum system Multiple mature source rocks identified Free oil identified across majority of Piedra Sola block Uruguay Corehole Achar E1; Oil leaching…
Uruguay Corehole Success Corehole Results Piedra Sola ANCAP SEI Cerro SEI Cardozo SEI Parameter Caada Padilla E1 Chico E1 Achar E1 Charrua E2 TOC Max. 4.5% * 11.60% 2.5% 9% TOC average TBC 3.30% 1.5% 2.8% Amorphous…
Uruguay How does the Norte Basin Compare Bakken Analogue Currently producing more than 800,000 bopd and anticipated to increase to more than 12 MM bopd by 2020 USGS estimates 7.4 billion bbls recoverable oil potential Current…
Uruguay How does the Norte Basin Compare Uruguay Argentina USA (ND) USA (PA - NY) Cordobes San Gregorio Mangrullo Vaca Muerta Bakken Marcellus Hydrocarbon Type Oil Oil Oil Oil Oil Gas Depth, feet 1000' - 10,000' 1500' - 8000'…
SPAIN 13
Spain Background Two contiguous license areas total 38,000ha (94,000 acres), Cadiz province, southern Spain License contains 1956 Almarchal1, which flowed gas from stacked porous & permeable conventional sandstones at shallow depths…
Spain Highlights Prospective Resource of up to 3TCF certified by Netherland, Sewell & Associates, Inc. (NSAI) Detailed formation evaluation suggests upwards of 500m of net pay Exhaustive data compilation and analysis of the…
CANADA 16
Canada Background In March 2013 Petrel acquired a 40% interest in 5,120 gross acres and a producing well in the Lochend Cardium immediately west of Calgary Unconventional tight oil play targeting siltstone and sandstone…
The last 12 months 2012-13 2013-14 Share price - 0.045 to 0.08 Share price 0.16 (high of 0.265) Market cap 12.2m to 35m Market cap 71m (high of 117m) New strategic direction to build a portfolio of high Corehole programme confirms…
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