Barclay Hambrook, President and CEO TD Securities London Energy Conference Broadening Energy Horizons Symbol: BOE Monday, Jan. 14, 2013 - Wednesday, Jan. 16, 2013 Grosvenor House, Marriott Hotel Park, London
Americas Petrogas in the Neuqun Basin Operator 15 large blocks Very Large Land Portfolio Growing Production & Cash Flow Vaca Muerta, Los Molles, Agrio Shales and Tight oil and gas in Quintuco, Mulichinco, Tordillo Potential for…
Pipeline Infrastructure 4
In 2013 and Onwards Flexibility in Capex Vaca Muerta, Los Molles , Agrio shale oil, shale gas and condensates Tight oil and gas (7.75/mcf) Conventional Appraisal, Development and Exploration drilling--light oil and gas Continue…
Financial Highlights as of Q3/2012 Market Capitalization Common Shares Outstanding F.D. 224.6 million Recent Share price Dec., 2012 C2.80+ Market Capitalization approx. C600 million + Long Term Debt 0.00 Cash Flow Operating Netback…
Achievements in 2012 Exploitation Licence for 25 years (Medanito Sur) Los Toldos II Shale Oil Discovery with ExxonMobil IP 800 boepd Drilled 32 wells at Medanito Sur/Rinconada Norte Drilled 4 Shale (Primary Target) Wells Increased…
Very Recent News December 19, 2012 Chevron Joint Venture with YPF: - Amount: 1 billion for 100 wells - Size: 50% of 300 sq. km 74,132 acres) December 28, 2912 Bridas / China National Offshore Oil Company (CNOOC) Joint Venture with…
API in the Neuqun Basin Drilling success in our Los Toldos III,IV Los Toldos II Gobernador Ayala IV Eastern blocks has led to numerous exploitation Rinconada locations as well as Loma Ranqueles Norte additional exploration Huacalera…
Production Growth Combined Medanito Sur & Rinconada Norte Conventional Oil Production New Production Record 13
Medanito Sur & Rinconada Norte Development Upside 500 Wells 14
Comparison of API with US Shale Acreage Holders 15
South American Shale Gas Resources Others Chile 64 Tcf Paraguay 62 Tcf Bolivia 48 Tcf Uruguay 21 Tcf Colombia 19 Tcf Venezuela 11 Tcf 16
Top Acreage Holders in the Neuqun Basin 1.37MM net acres Argentina has fewer companies with larger acreage positions *Acreages are approximate and may not reflect recent acquisitions 17
Review- Shale Plays Generally Size Matters large acreage position minimizes risks First Mover choice property (Timing is Everything) Operatorship manage capital and control destiny Rock is Generally Consistent in Neuquen Basin over…
Opportunity in the Neuqun Basin The Neuqun has approx. 20x the shale gas Resources of Neuqun Eagle Ford 407 Tcf Technically Recoverable* Eagle Ford 21 Tcf Technically Recoverable** *EIA World Shale Gas Resources: An Initial…
Vaca Muerta Continuous Oil Filled Porosity Predictable lateral thickness Data from 360 Vaca Muerta well penetrations 800 MM barrels potential recoverable Source: Apache Investor Day (June 14, 2012) 22
Current and Near Term Shale Drilling Activity 24
Neuqun Basin Shales Key Source Rocks and the Conventional/Unconventional Plays 25
Vaca Muerta Shale Trends Key Areas 1. Neuqun Embayment 2. Huacalera Low 3. Picun Leufu Sub Basin Shale sub-basin Base of Vaca Muerta Seismic Depth Map 26
Americas Petrogas Drilling 2012-2013 Los Toldos II Loma Ranqueles - LTE.x-1 Initial Results released - Preparing Coordinates - Second Well, ADA.x-1, Near TD - Americas Petrogas: 90% WI - Partner Huacalera HUA.x-1 - Long Term…
API Shale Well Formation Thicknesses 28
Shale Oil Discovery API Press Release-Nov. 29, 2012 Los Toldos II, LTE.x-1 well Initial flow rate 797 boepd (694 bopd of high quality 40 degree light sweet oil) Average 30 day rate: 309 boepd (82% oil) Vaca Muerta: 343 meters…
API Operated Shale well at Los Toldos II LTE.x-1Hydraulic Stimulation 30
Some Comments on our Discovery Quotations from some of our very knowledgeable followers : Many congrats on the great news -- and your conviction and perseverance .DY I can only imagine the IP once you expand to a nice 16 stage…
North American Learning Curve: Continuous Improvement 32
Los Toldos Blocks Unconventional Potential VM Shale OIL and GAS, CONDENSATE Agrio Shale OIL Conventional Potential Numerous Targets and Tight Oil and Gas in Tordillo, Mulichincho et al ADA.x-1 Completed Drilling LTE.x-1 Oil…
Loma Ranqueles N S W E TOP LOWER TRONCOSO LR.x-1 TOP MULICHINCO TOP TORDILLO TOP CUYO Mulichinco Prospect Tordillo Prospect Pmean Area: 52 Km2 Pmean Area: 24 Km2 Top Mulichinco Fm. Top Tordillo Fm. Time…
Exploration & Production Team Managers Argentina Office 37
Americas Petrogas Advantages in Argentina 2,000,000+ Gross Acres Rapidly Well Growing Funded, Production Operator Zero Debt Neuqun Basin of 15 Blocks Partnered Technical with Expertise in Neuquen 38
Some Recent Travels and Events Asia and China Investor & Analyst Field Trip to Neuqeun & AAPG Event Buenos Aires 39
Why Invest in Americas Petrogas Strong Management and Technical Team Operatorship on most of Our BlocksControl and Timing Growing Production and Cash FlowSustainability Experience Managing Risks in Latin America Excellent local…
API Medanito Sur 6,300 BOPD Treatment Facilities 41
API Medanito Sur Trucking Terminal 42
Contact Information: Corporate Office: Canada 3911 Trasimene Cr. S.W. Calgary, Alberta, Canada T3E 7J6 Phone: (403) 685 1888 Fax: (403) 685 1880 www.americaspetrogas.com Buenos Aires Office: Tucumn 1 - Piso 8 Ciudad Autonoma Buenos Aires…