Complimentary Asset Base PetroNovas portfolio is highly complimentary to our existing asset base, bringing reserves, near-term reserve growth potential, LLA-10 operatorship (of two blocks) and significant exploration upside,…
Acquisition Summary Acquisition to be completed by way of Plan of Arrangement (Arrangement) 0.85 Petroamerica Shares offered for each PetroNova Share Based on Petroamericas closing price of CDN0.115 per share on June 12, 2015, the…
Key Attributes of PetroNova This acquisition ticks a number of boxes for Petroamerica, delivering significant strategic, financial and operational benefits, as well as medium to long-term growth potential for both the Company and…
Tinigua Block Summary Mirador Depth Structural Map Operated by PetroNova with 40% W.I., ANH contract with a 0% X factor Pacific Rubiales farmed in for 50% and will carry the Caimo Lead well costs for up to 4 wells for up to 33 MM…
PUT-2 Block Summary Canelo 5 km Trend PUT-2 block is operated by PetroNova with 75% W.I., ANH contract with a 1% X factor Halcon Negro Acquisition consolidates Petroamericas W.I. to 100% Central area Cedrillo 10 prospects…
CPO-13 and CPO-7 Blocks PetroNova holds a 20% W.I. in Ocelote 15 Mbbl/d at 20133 both the CPO13 and CPO7 Caracara 40 MMbbl 2P Reserves22; Sabanero Blocks (Operator: Tecpetrol 80% 18.4 Mbbl/d as at 20133 CPO-1 20 MMBoe W.I.) CPO-7…
CPO-13 Block Summary Pendare Discovery and Trend Producing 147 bopd, 13.6 API, to PNAs W.I. (May 2015) 2P reserves of 5.3 MMbbls1 2D/3D seismic, results of Pendare6 and Cao Sur block to the east suggest larger trend. Upgrade…
CPO-7 Block Summary Atarraya Discovery Producing 157 bopd, 23 API, to PNAs W.I. CPO-7 Block A from 2 wells (May 2015) 2P reserves of 1.1 MMbbls1 Complete 3D seismic interpretation of the E Atarraya discovery Complete 2D seismic…
Benefits of the Transaction Operatorship PetroNova operates both the Tinigua and PUT-2 blocks Adds a Material Catalyst The first well in the Tinigua block is expected to spud in the first half of 2016 targeting a high impact prospect…
Abbreviations bbl: barrel bfpd: barrels of fluid per day boepd: barrels of oil equivalent per day. Using conversion rate of: 6 thousand cubic feet of gas equal to 1 barrel of oil bopd: barrels of oil per day MMbbls: million barrels…