Business Combination of Petroamerica Oil Corp. and PetroNova Inc. June 15, 2015 0
Complementary Asset Base PetroNovas portfolio is highly complementary to Petroamericas existing asset base, bringing reserves, near-term reserve growth LLA-10 potential, operatorship (of two blocks) and significant exploration EL PORTON…
Acquisition Summary Acquisition to be completed by way of Plan of Arrangement (the 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 The acquisition results in significant strategic, financial and operational benefits, as well as medium to long-term growth potential for all shareholders. PetroNova operates and holds a 75% and 40% W.I. in…
Strategic Benefits for PetroNova Shareholders PetroNova Shareholders are well-positioned in a stronger, more liquid company which has the ability to capitalize on the combined asset base. PetroNovas blocks come with minimal near-term…
Petroamerica - Colombia Focus 12 blocks with over 1 million gross acres equally split LLA-10 between the Llanos and Putumayo basins o Several new discoveries and EL PORTON LOS exceptional OCARROS exploration upside LLA-19 El…
Petroamerica Langur A promising New Discovery Low-side Fault LLA-19 (50% WI)8 Closure Play Langur-1X discovery December 2014 A A o 14.5 feet of net pay o Stabilized flow rate of 760 bopd of 24 API oil with a steadily declining…
Petroamerica Putumayo Upside - Dominating the N Sand Play N Sand play is a repeatable, seismically driven amplitude play Initially proved in Ecuador (1990s), not pursued in Colombia due to security PUT-2 situation ALEA 1947 Play…
Petroamerica Llanos Fields-Development Activity Las Maracas (50% WI) Gacheta LM-8 Fully Developed LM-1 W LM-3 Stacked reservoirs Une, Gacheta & Mirador LM-2ST1 LM-4 LM-9 Light 29-37 API oil LM-11 LM-5 LM-10 LM-13 LM-16 LM-12…
Petroamerica Putumayo Fields Development Activity Suroriente (15.8% WI) PUT-7 SURORIENTE Cohembi Field 125 MMbls of Oil-in-Place11 Expected ultimate recovery factor 24%11 (2P) Successful waterflood Santa Maria Deferral of development…
PetroNova Tinigua Block Summary Operated by PetroNova with 40% W.I., ANH Mirador Depth Structural Map contract with a 0% X factor Pacific Rubiales farmed in for 50% and will carry Caimo Lead the well costs for up to 4 wells for up to…
PetroNova - PUT-2 Block Summary PUT-2 block is operated by PetroNova with Canelo 75% W.I., ANH contract with a 1% X factor 5 km Trend Acquisition consolidates Petroamericas W.I. Halcon Negro to 100% 10 prospects identified on…
PetroNova CPO-13 and CPO-7 Blocks PetroNova holds a 20% W.I. in Ocelote both the CPO13 and CPO7 15 Mbbl/d at 20133 Blocks (Operator: Tecpetrol 80% Caracara 40 MMbbl 2P Reserves22; Sabanero W.I.) 18.4 Mbbl/d as at 20133 20 MMBoe…
PetroNova CPO-13 Block Summary Pendare Discovery and Trend o Producing 147 bopd, 13.6 API, to PNAs W.I. (May 2015) o 2P reserves of 5.3 MMbbls1 o 2D/3D seismic, results of Pendare6 and Cao Sur block to the east suggest larger…
PetroNova CPO-7 Block Summary Atarraya Discovery A o Producing 157 bopd, 23 API, to PNAs CPO-7 Block W.I. from 2 wells (May 2015) E o 2P reserves of 1.1 MMbbls1 o Complete 3D seismic interpretation of Caracara Ocelote Field the…
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 MMBO:…
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