ARAUCA LLA-10 LOS OCARROS EL PORTON Bogot EL EDEN BALAY CPO-1 Executing Growth Peters & Co. 2012 Energy Conference September 13, 2012
Petroamerica The Opportunity Experienced management and technical team Very experienced in-country and worldwide; CEO formerly VP Exploration & Production at Ecopetrol Delivered exploration success, production and portfolio…
Company Snapshot Established Reserves Base Growing Production Aim to exit 2012 producing more than 3,000 bopd (net after royalty) Source: GLJ Reserves Report as of December 31, 2011 Significant Exploration Upside Fully…
A Llanos Basin Focused Company Prolific hydrocarbon basin Underexplored using modern exploration methods (i.e. 3D AR AU C A seismic) LLA-10 Attractive risk-cost profile LOS OCARROS Early production and high EL PORTON value…
2012 Highlights Proven, Probable and Possible reserves assigned by independent auditor GLJ (December 31, 2011) AR AU C A LLA-10 Secured funding by completing 35 Las Maracas Field million debt financing EL PORTON Balay LOS…
2012 Drilling Program Up to 9 exploration, appraisal and development wells 4 exploration 5 appraisal/development Exploration Drilling Timeline 2012 2013 Jul Aug Sept Oct Nov Dec Jan Feb Los Ocarros LM-3 Explo El Eden La…
2012 Exploration Work Plan & Prospective Resources Net mean prospective resources targeted = 24 MMBbls unrisked,10 MMBbls risked Working Interest Prospective Resources (Recoverable) 24 MMBO *Discovery 25.0 20.0 CPO-1 15.0 10…
Las Maracas Drilling Results Top Mirador Depth Map PTA 50% Parex 50% (Operator) Las Maracas-3 Area: 110,436 acres (446 km) PTA Net 27,609 acres (111.5 km) LM-3 Exploration Phase: 4 LM-1 LM-2ST Commitment: One exploratory well…
Las Maracas Field 2012 Forward Plan Top Mirador Depth Map 2011 Year-End Reserves Report (Mirador only) Las Maracas Field 1P 2P 3P Company Working Interest MBbl 1,388 2,193 3,200 A LM-3 LM-1 NPV10% M (before Tax, after Royalty)…
Balay Field Forward Plan Top Mirador Depth Map 2011 Year-End Reserves Report Balay Field 1P 2P 3P Company Working Interest MBbl 389 731 982 B-3 NPV10% M (before Tax, after Royalty) 11,289 19,109 25,010 A B-2ST Source: GLJ Reserves…
2012/2013 Company Production Forecast 2012/13 Most Likely Case PTA NAR Production 8000 2012 2013 7000 6000 PTA Net Oil Rate ( BOPD ) 5000 4000 3000 2000 1000 0 01/01/12 01/02/12 01/03/12 01/04/12 01/05/12…
2012/2013 Production Forecast with Exploration Success (Unrisked) Exploration 1 Exploration Mean + Current Fields on Production Most Likely Case -PTA Net Avg Oil Rate 8000 7000 Exploration 3 6000 Exploration 2 PTA Net Oil Rate…
2012 Revised Capital Projections MM Exploration Program 23 Appraisal & Development Program 28 Total Exploration, Appraisal & Development Program 51 Total Spend to June 30, 2012 (10) Net Remaining Spend 41 Cash Position June 30, 2012…
Petroamerica Investment Opportunity Successfully delivered on promises Portfolio turnaround Fiscal discipline no near-term funding requirements expected Exploration success Las Maracas Mirador & Gacheta discoveries Increasing…
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Executive Management Board of Directors Executive Management Board of Directors Jeffrey S. Boyce - Executive Chairman Jeffrey S. Boyce Calgary based, senior oil and gas executive over 30 years of domestic and international experience…
Technical Team Experienced Technical and Operations Teams Calgary Office Geoscience Manager - David Dolberg, 25+ years with Mobil, Norsk Hydro and Talisman Geology Manager Juan Pablo Collazos, 20+ years with Norcen, UPR, Anadarko and…
Company Financial History & Events o 20 million 0.70 /share Bought deal financing: Bought deal financing: Announced Private Placement Secured Notes: Private placements: o 28.8 million 0.40 /share o 31.6 million 0.20/share o 35.0…
Common Share Structure August 31, 2012 Common Shares Outstanding 578,331,594 Warrants: Price Expiry Private Placement 1.25 11/4/2014 28,600,000 Private Placement 0.75 10/8/2014 180,000,000 Bought Deal Financing 0.60 11/17/2012…
3D Seismic Coverage Significant investment in 3D seismic AR AU C A More than 2500 km LLA-10 All exploration prospects to be drilled are now de-risked Las Maracas Field EL PORTON by 3D seismic LOS OCARROS EL EDEN Balay…
Balay Exploration One exploration well planned for Q1 2013 targeting Balay field look-alike Number of additional prospects & leads identified for future drilling from 3D Seismic BALAY-3 BALAY-2ST1 BALAY-1 Corcel trend to be…
Las Maracas-2ST Discovery PTA 50% Kona 11 mmbbls Parex 50% (Operator) Area: 110,436 acres (446 km) PTA Net 27,609 acres (111.5 km) Trinidad 45 mmbbls Exploration Phase: 4 Commitment: One exploratory well fulfilled by Las…
Las Maracas-3 Appraisal & New Pool Discovery Top Mirador Depth Map Successful appraisal of Mirador discovery, Las Maracas-3 30 feet net pay, 21% average porosity. LM-3 New deeper pool discovery in Gacheta, 29 LM-2ST feet net pay, 24%…
Las Maracas-4 Results Top Mirador Depth Map Reached TD on 12 August LM-3 34 feet net pay identified in Mirador LM-2ST LM-4 37 feet net pay identified in Gacheta LM-5 LM-2 Shows in Une, logs indicate water; decision LM-6 Las…
Los Ocarros Exploration Las Maracas-3 well was a successful appraisal of Mirador discovery and a new deeper pool discovery in Gacheta Exploratory well planned Q1 2013 to test separate prospect on trend with Las Maracas discovery…
Los Ocarros Las Maracas-3 Exploration Upside Top Une Depth Map Drilling Timeline LM-1 2012 2013 A Q1 Q2 Q3 Q4 Q1 Q2 Permitting (PMA) LM-3 Civil Works Drilling LM-2 A Prospective Resources MMBbls (Gross 100%) P90 P50 P10 Mean…
Los Ocarros La Guira-1 Prospect Summary A Top Mirador Depth Map Las Maracas Drilling Timeline 2012 2013 Q1 Q2 Q3 Q4 Q1 Q2 Permitting (PMA) Civil Works Drilling La Guira-1 Prospective Resources MMBbls (Gross 100%) A P90 P50…
CPO-1 Exploration PTA 50% Pacfic Rubiales 50% (Operator) Area: Gross152,652 acres (617.76 km) PTA Net 76,326 acres (308.88 km) Exploration Phase: 1 Commitment: One exploratory well Lead Caracara, Ocelote Field Analogues Lead…
El Porton Curiara-1 Prospect El Porton PTA 25% CEPSA 50% (Operator) Talisman 25% Area: Gross109,476 acres (443.03 km) PTA Net 27,369 acres (110.76 km) Exploration Phase: 4 Curiara-1 El Porton Commitment: One exploratory well…
El Eden La Casona-1 Prospect Summary Top Mirador Depth Map Drilling Timeline 2012 2013 Q1 Q2 Q3 Q4 Q1 Q2 Permitting (PMA) A Civil Works Drilling La Casona-1 Prospective Resources (MMBbls Gross 100%) A P90 P50 P10 Mean Ps (%)…
LLA-10 Exploration PTA 50% Canacol 39% Petromont 11% (Operator) A A Area: Gross 189,536 acres (767 km) PTA Net 94,768 acres (384 km) LLA-10 Exploration Phase: 1 Commitment: One exploratory well Lead Fault 20 km 3D Seismic…
LLA-10 Malavar-1 Prospect Summary MIRADOR TIME Top Mirador Time Map Drilling Timeline A 2012 2013 Q1 Q2 Q3 Q4 Q1 Q2 Permitting (EIA & PMA) Civil Works Drilling Delayed Malavar-1 Prospective Resources (MMBbls Gross 100%) P90 P50…
Arauca Exploration Cao Limn Arauca 1.0 billion barrels cumulative (29o API) PTA 5% carried interest up to first oil Pacific Rubiales 95% (Operator) Area: Gross 428,935 acres (1735 km) PTA Net 21,447acres (86 km) Exploration Phase: 2…
CORPORATE INFORMATION: Petroamerica Oil Corp. Suite 700, 520-5th Avenue S.W. Calgary, Alberta T2P 3R7 Telephone: 403-237-8300 Email: investorrelationspta-oil.com 40