Good Oil Conference David Casey Managing Director 9th & 10th September 2014 1
Petrel Energys Portfolio Petrel Energys objective is to create shareholder wealth through the acquisition, exploration, appraisal and development of substantial oil and gas projects Norte Basin Uruguay Targeting unconventional and…
Corporate Profile Capital Structure Board & Management Cash: 7.9m (June 2014) Stephen Mitchell* Chairman Issued Cap: 443.2m Shares David Casey* Managing Director & CEO Alexander Sundich* Non-Executive Director Market Cap: 71m (at…
Share Performance ResourceInvest - AOGR Report 27 Aug 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 E-1; Oil leaching…
Uruguay Corehole Success Corehole Results Piedra SEI Cerro SEI Cardozo SEI ANCAP Caada Sola Parameter Padilla E-1 Chico E-1 Achar E-1 Charrua E-2 TOC Max. 4.5% * 11.60% 2.5% 9% TOC average TBC 3.30% 1.5% 2.8% Amorphous 70%…
Uruguay 2014 Seismic Program 204 km of 580km 2D seismic completed as of 4th Sept. Excellent quality early data Clearly identifiable structuring evident. Salto Piedra Sola Salto Salto Proposed seismic programme (red) Roads…
Uruguay How does the Norte Basin Compare Bakken Analogue Currently producing more than 800,000 bopd and anticipated to increase to more than 1-2 MM bopd by 2020 USGS estimates 7.4 billion bbls recoverable oil potential Current areal…
SPAIN 13
Spain Background Two contiguous license areas total 38,000ha (94,000 acres), Cadiz province, southern Spain License contains 1956 Almarchal-1, 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 0.11 Share price 0.15 (high of 0.265) Market cap 12.2m to 45m Market cap 67m (high of 117m) New strategic direction to build a portfolio of high Corehole programme confirms…
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