TSX.V : PRD www.prdenergy.ca Corporate Overview Fall 2014 Applying North American Technology and Processes to Germany 1
Corporate Overview PRD is a Canadian publicly listed company TSX-V symbol PRD Shares outstanding 143.9 million Share price 0.81 Cash 20.5 million Insider holdings: Basic 21% Fully diluted 27% Long term debt 0 Market…
Investment Highlights Exceptionally well positioned in one of the last underdeveloped basins Germany Large land base (2.4M acres net) Extensive relationships Established production base Near term development prospects Management…
Management Team Board of Directors Michael G. Greenwood, Chairman, CEO and Grant B. Fagerheim Director President, CEO, Director, Whitecap 30 years of finance/executive experience Resources Inc. Former President Canaccord Capital…
Business Strategy PRDs fundamental belief is that technologies and processes developed in North America have the ability to materially impact the economics of re-development opportunities in basins with significant known resources, but…
Momentum for Growth 2015 2014 2013 2012 Drill additional Boerger wells 4+ 2011 Drill Volkensen Follow up wells at development play Volkensen (6+) 2009/ (2) wells Commence testing Drilled well at Volkensen Boerger on 3D…
Areas of Interest - Germany Natural Gas fields Oil Fields Gettorf Prasdorf PRD Licences VET Acquisition Ostrohe North Sea Bramstedt Elmshorn Wittmund Schwarzenbek Hamburg Sittensen Volkensen Netherlands Uelzen Brger farm…
PRD Licences By State Exploration Net Acreage Oil Production to Date Production Net Oil Production Licences Within Boundary (bbls) Licences Acreage Before 1& 2 Abandonment Lower Saxony (bbls)1 Steinhorst 169,000 62,100,000 Lower…
Growth Opportunity PRDs strategy is to continue to develop drilling inventory as we move down the cost curve 10
Industry Dynamics / Technological Applications 11
Comparative Economics Oil Play German Well German Well German operations PRD Cost Model* Additional 20% compared to Cost Saving* Canadian Peers Benchmark oil price (CDN) 115 / bbl 115 / bbl Differential per bbl (5 / bbl) (5 / bbl)…
Benchmark AFE Oil Play Near Term Medium Long Term Actions to achieve target Target Term Target Target Days drilling/cementing 30 25 20 Rig, bit and mud optimization Drilling Costs 2,100,000 1,750,000 1,400,000 Lease preparation…
Horizontal Drilling Application in NW Germany Horizontal wells allow the Company flexibility in site location while still accessing areas of reservoir that were previously inaccessible due to surface restrictions In constructing…
Seismic Reprocessing PRD has some legacy 2D and 3D seismic over its concessions By bringing seismic to current processing standards, both imaging and resolution can be significantly improved Improved resolution allows for better…
Sittensen / Volkensen 16
Executive Summary The Sittensen project consists of multiple opportunities which surround the Volkensen Salt Diapir. These opportunities range from the re-development of an old (low recovery) oil pool, multiple conventional targets and…
Sittensen Opportunities and 3D Seismic Program *PRD has initiated a 91 sq km 3D seismic program, encompassing the entire Sittensen Trough around the Volkensen Diapir. North Volkensen West Volkensen Only Lower Garantianen 300 m…
Volkensen 9 and Follow-up Horizontal Well Phase 1 *Assessment* Potential Phase 2 Potential Waterflood Model and optimize water injection well scheme Area of peat bogs, unable to be drilled with verticals due to surface…
Sittensen West Reservoir Analogue 58 KM 1=Oberkeuper, 2=Posidonia, 3=Dogger Delta, 4=Dogger Epsilon, 5=Oxfordian, 6=Kimmeridge, 7=Obermalm 1 and 2, 8=Wealden, 9=Valanginian The Eilte Oil Pool produces from the exact same…
Sittensen West Reservoir Analogue Volkensen 4 Wells Prod. = 880 Mbbls Discovered 1961 -2600m German production philosophy from 1946 to 1961 varied significantly Prod. = 24.4 MMbbls Prod. = 6.3 MMbbls Eilte 28 Wells Prod. =…
East Opportunity - Posidonia Potential Volk 4 **The Volkensen 4 vertical Posidonia well produced about 15,000 2297 m barrels of oil, un-stimulated, from the Posidonia oil shale, which appears to sit on the up-thrown side of a…
North Trap - Test Results VO-N1 Water line VO_N_1 (1971) projected from south pool Core: bleeding oil 12-17 % porosity 5-20 md air perm Unconformity Seismic reprocessing has indicated about 200 m of additional space between…
Boerger 24
Boerger Operations to Date Boerger field produced 950,000 bbls of oil prior to being suspended in 2003 Boerger 7A is the first reactivation of an oilfield in Germany using horizontal technology Drill rig released on November 24, 2013…
Boerger-Werlte Follow-up Potential With minimal investment in site modifications the Boerger 7 eco- pad could accommodate up to 6 additional wells A second eco-pad is currently planned with 3 follow-up locations With minimal…
Posidonia 27
PRD Posidonia Potential Exploration Vitrinite Potential Thickness Production Vitrinite Potential Thickness Licences Reflectance Area (m) Licences Reflectance Area (m) (%Ro) (acres) (%Ro) (acres) Bramstedt 0.22 to 0.76 84,200 45 to 80…
Posidonia Potential Game Changer Posidonia - Germany Duvernay - Canada Eagle Ford - USA Posidonia compares favorably against North Kerogene Kerogene Type 2 Kerogene Type 2 Kerogene Type 2 American peers PRD has 450,000 acres of…
First Mover Advantage Land PRD has locked up available geologically prospective concessions Balance of land primarily held by small group of majors Once production is established, land is held for 50 years Data Data tightly held by…
Summary We expect to drill a further 2 wells in Germany during 2014 2015 planning for additional Boerger wells (6+) + Volkensen development (2 to 4 wells) and 3 high impact exploration plays PRD Energy is exceptionally well positioned…
TSX.V : PRD www.prdenergy.ca Corporate Overview Fall 2014 Applying North American Technology and Processes to Germany 32
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