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CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp

Petroamerica Oil Corp · Oct 18, 2012 · 42 slides

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Slides

  1. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 1
    Investing in Petroamerica: An Exciting Colombian Opportunity Canaccord Genuity Global Resources Conference October 18, 2012
  2. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 2
    Petroamerica The Opportunity Experienced management and technical team Internationally and in-country; CEO formerly VP Exploration & Production at Ecopetrol Delivered exploration success, production and portfolio turnaround Two new…
  3. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 3
    Petroamerica Snapshot Colombia light oil focus; High operating netbacks Current production: Working interest 2,700 bopd (2,500 bopd NAR) 2012 guidance: 3,000 bopd NAR exit rate Reserves 2011 year-end; 1P=1.8 MMBbls, 2P=3.0 MMBbls,…
  4. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 4
    Strategic Plan A Road Map Establish Engine to Fund Future Growth; 7,000 to 10,000 bopd target Low risk conventional exploration, appraisal & development targeting light oil in the Llanos Basin; strong cash flows, repeatability from…
  5. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 5
    Production Growth Story Total Company Production (NAR) 3000 3,000 bopd Exit Target 2500 0.60 PTA Share Price 0.50 2000 LM-4 BOPD 0.40 1500 0.30 1000 LM-3 0.20 500 Balay-1 Balay-2 LM-2ST 0.10 0 1/10/ 1/11/…
  6. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 6
    Llanos Basin Core Focus Prolific hydrocarbon province LLA-10 50% AR AU C A 5 % Underexplored using modern methods (i.e. 3D seismic) Attractive risk-cost profile Bicentennial Pipeline EL PORTON 25% LOS OCARROS 50% Short time…
  7. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 7
    2012 Highlights Delivering Results 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 (April,…
  8. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 8
    Drilling Program 2012 Early 2013 9 exploration, appraisal and development wells 4 exploration; 3 remaining this year 5 appraisal/development; 3 remaining this year Working Prize 2012 2013 Well Type Block Well Name POS* Interest…
  9. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 9
    Las Maracas Temporary Production Facility 10
  10. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 10
    Las Maracas Field Core Asset Top Mirador Depth Map PTA 50% Parex 50% (Operator) Area: 110,436 acres (446 km) PTA Net 27,609 acres (111.5 km) Las Maracas Field LM-3 Exploration Phase: 4 LM-1 LM-2ST LM-5 LM-4 Commitment: One…
  11. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 11
    Las Maracas Field Forward Plan Top Mirador Depth Map New Gacheta discovery being evaluated A LM-1 LM-3 for Material Change Reserves Report by LM-2ST GLJ LM-4 LM-5 LM-2 A Las Maracas-5 targeting Mirador LM-6 currently…
  12. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 12
    Balay Field Forward Plan Top Mirador Depth Map PTA 15% Petrobras 45% (Operator) CEPSA 30% Sorgenia 10% Area: Gross 112,009 acres (453km), net 16,801 acres (68km) B-3 Exploration Phase: 4 A B-2ST Commitment: One exploration…
  13. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 13
    Tuscany 109 Rig Drilling Las Maracas-3 14
  14. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 14
    2012 Exploration Work Plan & Prospective Resources Net mean prospective resources targeted = 24 MMBbls unrisked, 10 MMBbls risked Working Interest Prospective Resources (Recoverable) 24 MMBO 25.0 20.0 CPO-1 15.0 10 MMBO El…
  15. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 15
    El Eden La Casona-1 Prospect Summary Top Mirador Depth Map La Casona-1 (40% WI) currently drilling, results expected by end October 2012 A La Casona-1 Prospective Resources (MMBbls Gross 100%) A P90 P50 P10 Mean POS 2.2 5.4 11.1…
  16. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 16
    CPO-1 Altillo Oeste-1 Prospect Summary Top C7 Depth Map Altillo Oeste-1 (50% WI) along prolific Caracara trend, expected to spud late November 2012 A Prospective Resources MMBbls (Gross 100%) Altillo Oeste-1 P90 P50 P10 Mean POS…
  17. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 17
    Production Forecast Exploration Success (Unrisked) 12000 10000 CPO-1 8000 6000 PTA NAR BOPD La Casona Las Maracas 2013 4000 Development Drilling 2,500 bopd 2000 Las Maracas 2012 Development Drilling Balay 0…
  18. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 18
    High Netback Barrels* Company Operating Netback Comparative Netbacks 80.00 71.68 70.00 60.00 Royalty US 9 50.00 45.08 Transport US 25 37.31 37.53 40.00 26.57 26.49 30.00 Operating 20.00 Netback 10.00 US 71 -…
  19. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 19
    2012 Revised Capital Projections MM Exploration Program 23 Appraisal & Development Program 28 Total Exploration, Appraisal & Development Program 51 Cash Position August 31, 2012 32 Estimated Remaining Net Cash Inflow for 2012 13*…
  20. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 20
    Why Invest in Petroamerica Business plan execution Rapid production growth with plenty of running room Established a solid reserves base and still growing Reshaped and strengthened the balance sheet to fund future program…
  21. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 21
    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 with over 32 years of domestic and international…
  22. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 22
    Appendices 23
  23. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 23
    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…
  24. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 24
    Capital Structure Outstanding Debt (1) Common Shares Outstanding 578,331,594 Warrants: Trading Symbol Price Expiry Private Placement n/a 1.25 11/4/2014 28,600,000 Private Placement PTA.W 0.75 10/8/2014 180,000,000 Bought Deal Financing…
  25. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 25
    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…
  26. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 26
    Contracts Summary Arauca Balay CPO-1 El Eden El Porton LLA-10 Los Ocarros Pacific Rubiales Pacific Rubiales Exploration Chiriguaro Structure Operator 95% PetroBras 45% 50% Parex 60% Parex 50% CEPSA 50% Petromont 11% Parex 50%…
  27. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 27
    Colombia Pipeline Infrastructure Bicentennial Pipeline Capacity Phase 3 ODL 170,000 bpd Cao Limon Bicentennial 450,000 bpd (by Dec. 2012) Bicentennial Ocensa 556,000 bpd Phase 2 OAM 103,000 bpd Bicentennial ODC 205,000 bpd…
  28. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 28
    Investing in 3D Seismic 3D seismic is key to reducing exploration risk AR AU C A Significant investment in 3D seismic, more than 2500 LLA-10 km Las Maracas Field EL PORTON All exploration prospects to LOS OCARROS be drilled…
  29. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 29
    Balay Discovery PTA 15% Petrobras 45% (Operator) CEPSA 30% Sorgenia 10% Area: Gross 112,009 acres (453km), net 16,801 acres (68km) Exploration Phase: 4 Commitment: One exploration well Balay-1 discovery announced March 2010…
  30. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 30
    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 Discovery Balay Field Prospect A A Prospect Lead…
  31. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 31
    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…
  32. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 32
    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%…
  33. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 33
    Las Maracas-4 Results Top Mirador Depth Map Reached TD on 12 August LM-3 LM-2ST 34 feet net pay identified in Mirador LM-4 LM-5 37 feet net pay identified in Gacheta LM-2 Las Maracas-4 Shows in Une, logs indicate water;…
  34. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 34
    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…
  35. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 35
    Los Ocarros La Guira-1 Prospect Summary Top Mirador Depth Map Las A Maracas Prospective Resources MMBbls (Gross 100%) P90 P50 P10 Mean POS Total 5.4 8 11.4 8.2 0.45 Estimates of unrisked Prospective Resources are pursuant to the…
  36. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 36
    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…
  37. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 37
    El Edn Exploration & Appraisal Exploration Chiriguaro Discovery PTA 40% PTA 50% Parex 60% (Operator) Parex 50% (Operator) Area: Gross109,249 acres (442.11km) PTA Net 43,700 acres (176.84 km) Exploration Phase: 4 Ramiriqui-1…
  38. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 38
    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…
  39. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 39
    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…
  40. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 40
    LLA-10 Malavar-1 Prospect Summary MIRADOR TIME Top Mirador Time Map A Prospective Resources (MMBbls Gross 100%) P90 P50 P10 Mean POS Total 3.9 10.2 19.7 11.2 0.39 Estimates of unrisked Prospective Resources are pursuant to the…
  41. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 41
    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…
  42. CANACCORD GENUITY 6TH ANNUAL GLOBAL RESOURCES CONFERENCE – Petroamerica Oil Corp – slide 42
    CORPORATE INFORMATION: Petroamerica Oil Corp. Suite 700, 520-5th Avenue S.W. Calgary, Alberta T2P 3R7 Telephone: 403-237-8300 Email: investorrelationspta-oil.com 43

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