Petromanas Energy Inc. Canaccord Global Energy Conference October 12, 2011 TSX-V: PMI www.petromanas.com 1
Agenda Albania Overview Technical Overview Prospects and Drilling Plans Joint Venture Process and Terms Business Development New Opportunities Timeline, Goals, Summary Appendix 3
Albania Overview Hydrocarbon Rich Largest onshore oil field in Europe Multiple active oil fields Location Excellent access to European markets Stable Political Environment Constitutional democracy since 1991 Member of WTO,…
Albania Overview Infrastructure Current oilfields, ports and pipelines are in located in SW Albania Domestic refineries include Ballshi (20,000 bbl/d) and Fier (10,000 bbl/d) Existing producer is building a pipeline to Vlore with…
Albania Overview Export Destinations 6
Albania Overview Assets 3 Production sharing contracts (PSCs) 6 Onshore Blocks covered by the PSCs Jubani A 100% Working interest in Blocks A&B, D&E and 2&3 D B D 1.4 Million acres E Papri Kilometres of 2D seismic…
Technical Overview GLJ Resource Report July 2011 Prospective Resource Assessment Summary Unrisked Petroleum Unrisked Prospective Resources Initially in Place (PIIP) Pmean Pmean Block Prospect Oil MMstb Gas BCF MMBOE Oil MMstb Gas…
Prospects and Drilling Plans Drill Ready Prospects Jubani Blocks A&B Jubani (Spud Q1) West Gjurica Blocks 2&3 Shpiragu (Spud Q2) Papri Molishti Blocks D&E Shpiragu Papri (Spud Q4) West Rova Additional leads are under…
Prospects and Drilling Plans Jubani 4375000 4380000 4385000 4390000 Four way dip closed anticline in the Eocene-Cretaceous -1300 Carbonates of the Kruja Zone -1400 N -1500 Maximum closure is 30km 4660000 -1600 Low (P90) -1700…
Prospects and Drilling Plans Jubani SW 08DWM-A-01 Jubani-1 NE Dajci-1s Pulaj-1 Barbullush-1 Sea Level Oligocene Krasta Zone Flysch Flysch Max OWC -2000m -4000m -6000m -8000m Jurassic Triassic -10000m Basement…
Prospects and Drilling Plans Shpiragu Shpiragu is a ramp anticline in the Cretaceous-Eocene Ionian Zone Carbonates Prospect lies beneath carbonates of the Berati sheet which outcrops at the surface The Shpiragu-1 well is the only…
Prospects and Drilling Plans Papri 4405000 4410000 4415000 4420000 Four way dip closed anticline in the Eocene-Cretaceous Carbonates of the Ionian Zone N 4560000 Maximum closure is 32km Maximum structural relief is 1,150m Previous…
Prospects and Drilling Plans Papri Papri SW Prospect NE Pequini-2 Paper-4 Konjat-1 Kozan-8 Ophiolite Zone Aquitanian U Olig U Olig L Olig Sea Level M Olig U Olig Krasta Zone U Olig L Olig -2000m U Olig M Olig M Olig…
Joint Venture Process and Terms Timeline Aug 22 Overview Memorandum (OM) Aug 29 Confidential Memorandum (CM) Sept 6 Data room open (10 companies signed CAs) Nov 15 Bids due Preferred Terms JV all three PSCs Require a promote Well…
Business Development Exploration Opportunities Sub-thrust carbonate play: Blocks B,E,3 Three additional ready to drill prospects: West Gjurica, West Rova, Molishti Plus minimum three additional leads Shallow Clastic play: Blocks…
Business Development Regional Diversification Pursue production / low risk development acquisition opportunities in the region 21
2011 / 2012 Goals Secure partner for Albania acreage joint-venture Drill three commitment wells (one on each PSC) Jubani (Q1), Shpiragu (Q2), Papri (Q4) Capture lower-risk opportunity balance PMI growth strategy and asset…
Summary Significant oil resource potential in producing basin World Class Surrounds largest onshore oilfield in continental Europe Resource 1.4 million acres six onshore Blocks Compiled extensive 2D seismic database integrated with…
APPENDIX 25
Management Team Mr. McNamara has over 30 years of oil and gas exploration and production experience in Canada, the USA, South America, and the Asia Pacific region. He received his MBA from the University of Calgary in Glenn McNamara…
Board of Directors Mr. Johnson was CEO and Director of a number of independent oil companies in Canada including ELAN Energy, Verne Johnson Chairman of Fort Chicago Energy Partners, director of Gran Tierra, Excelsior Energy, as well as…
Albania Team Mr. Nuri has 16 years experience in the hydrocarbon industry in Albania. He has held positions with the Malfor Nuri Ministry of Industry, Mineral Resources and Energy, and OMV AG. With OMV, Mr. Nuri managed several General…
Favourable Fiscal Terms Each licensed block is a negotiated PSC (terms may vary with agreement) Once work commitments are completed, the operator earns 100% working interest in all oil and gas production from the PSC less a…
Albanian Terrain and Geology Top left: Shpiragu prospect well location Top right: Jubani prospect well location Bottom left: Block 3 fractured carbonate live oil seep (Berati thrust sheet) 30
Capitalization Snapshot Exchange TSX Venture Symbol PMI Current Share Price (Sept 23, 2011) C0.13 Market Capitalization C82 million Basic Shares Outstanding 630 million Warrants1 202 million Options2 33 million Performance…
Contact Information: Petromanas Energy Inc. Investor Relations Suite 1720, Life Plaza The Equicom Group 734 7th Avenue SW Nick Hurst Calgary, Alberta Canada Phone: +1 (403) 218 2835 T2P 3P8 Email: nhurstequicomgroup.com Phone: +1 (403)…
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