Investment Highlights 1.4 million gross acres six onshore Blocks in Albania World Class Significant oil resource potential in producing basin; oil discovery on Block 2-3 Resource Analogous to Val D Agri / Tempa Rossa fields in south…
Albania Overview Stable Political Environment Constitutional democracy - 1991 Member of WTO, European trade organizations NATO member Visa free travel in Europe Jan 1, 2011 EU membership application Foreign Direct Investment…
Albania Overview: Infrastructure Infrastructure near oil fields PMI Land Prospects Oil pipeline from Patos Marinza with Patos Marinaz expansion capability --- TAP Gas Pipeline Port facilities - storage and tanker Refinery…
Albania Overview: Regional Geology Italy Albania Val DAgri field operated by Eni producing 88,000 bbl/d (25 wells) Tempa Rossa field operated by Total phase 1 in 2015 producing 50,000 bbl/d (6 wells)) 7
Albania Overview: Assets 3 Production sharing contracts (PSCs) 6 Onshore Blocks covered by the PSCs 100% 605,000 gross acres Blocks A-B & D-E A 50% 852,000 gross acres Blocks 2-3 B D E 1.4 Million gross acres 2…
Albania Overview: Active Petroleum System Oil Fields Existing oil fields located in Blocks Gas Fields 2-3, both clastic and carbonate Prospects Leads Carbonate fields (Cakran, Ballsh, PMI Land Gorisht) on the NW-SE Kurveleshi…
Forward Plans: Shpirag-2 Drilling (50%) Patos-Marinza Oil Shpirag-2 Field (Clastics) Well Shpirag-1 (tested oil ) Sea Level -2500m Current depth Berati Thrust Sheet -5000m Jurassic carbonate -7500m Triassic Evaporite…
Forward Plans: Proposed 2D seismic (50%) 500-600 km 2D seismic acquisition planned for 2012/2013 Q4 2012 test lines to finalize design parameters Total program estimated gross cost 35-45 million (carry 20 million, net 8-12…
Forward Plans: Juban-1 Spud Q4 2012 (100%) SW 08DWM-A-01 Juban-1 NE Dajci-1s Pulaj-1 Barbullush-1 Sea Level Oligocene Krasta Zone Flysch Flysch -2000m -4000m -6000m -8000m Jurassic Triassic -10000m Basement -12000m…
Forward Plans: Paper-1E (100%) SW Paper-1E 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 Aquitanian -4000m…
Timeline 2010 2011 2012 2013 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Activity TSX-V Management team JV Technical signed Drilling spud PSCs A-B,D-E Data room team dates 2nd Expl period JV bids Govt GLJ due approval GLC…
Gallic Acquisition Deal Terms PMI to acquire 100% of the Gallic issued class A shares each Gallic share receives 0.3736 of a PMI share issuing 62.7 million common shares for deemed purchase price 10 million Expected close Q4 2012…
2012 Goals Satisfy PSC well commitments Initiate Block 2-3 seismic Exploration spend: 58 million gross, 26 million PMI net Complete assessment of additional onshore exploration potential Complete Gallic acquisition closing…
Capitalization Snapshot Exchange TSX Venture Symbol PMI 52 Week Range 0.09 - 0.39 Stock Price (October 11, 2012) 0.19 Market Capitalization 120 million Basic Shares Outstanding 631 million Warrants1 108 million Options2 44…
APPENDIX 19
Management Team Mr. McNamara has over 30 years of oil and gas exploration and production experience in Canada, the USA, South Glenn McNamara America, and the Asia Pacific region. He received his MBA from the University of Calgary in…
Board of Directors Mr. Johnson received his engineering degree from the University of Manitoba. He worked for Imperial Oil and Exxon until the early 1980's and then went into the independent oil business. Mr. Johnson has been…
Board of Directors Contd Gerard Protti is Chairman of the Board of FT Services, and is Vice-Chair of Alberta Innovates Technology Futures and the Energy Policy Institute of Canada. He is also on the Board of SAIT Polytechnic. Mr.…
Albania Overview: Well Site Locations Shpirag-2 location Juban-1 construction 23
Albania Geology Overview Block 3 fractured carbonate live oil Fractured rock seep (Berati thrust sheet) 24
Albania Overview: Onshore / Offshore Blocks Offshore Licensed Areas Offshore Under Negotiations Onshore Licensed Areas Free Onshore Areas PMI PMI PMI ILDC PMI ILDC Sky San Leon ILDC PMI BNK PMI Sky Cairn…
Albania Overview: Seismic Coverage Over 1,400 km of 2D seismic re-processed and over 300 km acquired by PMI since 2007 26
Albania Overview: Export Destinations 27
Joint Venture: Terms Timeline August 22 Overview Memorandum (OM); Confidential Memorandum (CM) September 6 Data room opened November 17 Bids received February 9 PSC Blocks 2-3 farm out to Shell May 8 Regulatory approval and farm out…
PSC: 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 government…
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 BCF MMBOE A Jubani…
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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