TSX.V : CWV Exploration and Production Growth in Argentina CORPORATE PRESENTATION July 2015
Why Argentina Revitalized petroleum industry Underexplored and underexploited resources Net importer of oil and gas Government encouraging new Neuqun Basin (Cerro de Los Leones) development and exploration Favorable New Gas…
High Potential Asset Base Austral Basin (Tierra del Fuego) 25.78% working interest Core producing asset (Q1 2015 average production of 1,499 boepd; 126,000 net acres (489,000 gross) Strong inventory of 3D seismically defined Neuqun…
Our Growth Platform Tierra del Fuego Conventional generate repeatable growth from our core Neuqun Basin (Cerro de Los Cerro de Los Leones Leones) Conventional upside high impact exploration Consolidation/acquisition…
Tierra del Fuego Las Violetas Concession Extensive drilling inventory Recent well IP90 rates 1 to 3 Rio Cullen mmcf/d plus liquids* Drilling depths: 1,700 - 2,300 m US 3.54 million (gross) per well to drill, case, complete, frac…
Tierra del Fuego Development Strategy Goals Focus on low risk in fill and step out drilling on established producing pools, pursue exploration upside Generate higher revenues: increase gas production qualifying Rio Chico Gas…
Building Reserves and Cash Flow 14-Well Tierra del Fuego Drilling Program Rio Cullen 8 development (8 complete, 4 on production) 4 re-completion (4 complete, 2 on production) 2 exploration (2 complete, 1 on production, 1 on long…
Building Reserves and Cash Flow Q2 2015 Seismic Acquisition Program Rio Cullen Total of approximately 210 km2 completed Rio Cullen Concession: 58 km2 Angostura Concession: 49 km2 Las Violetas Concession (Los Flamencos gas pool,…
Building Production Prospective Springhill Formation Fairway Rio Chico Gas Facility Los Flamencos Rio Grande Town Site San Luis SLx-1004 San Luis New Pool Discovery San Luis Gas Plant 11
Las Violetas Block Fields Puesto Quince Discovery Prospective area approximately 50 km2 Analogous to Los Flamencos and Las Violetas Oil Pool Los Patos pools* Las Violetas LV-112 Gas Pool PQ x-1001 well is located 5 km from Crown…
Exploration Wells San Luis SL x-1003 drilled on a separate fault block adjacent to San Luis Springhill gas pool Well is a new pool discovery; tied-in to San Luis Gas Plant and placed on production end- 2014 Rio Grande Town Site…
La Marina Compression Plant Turbo Compressor La Marina Compression Plant Control Panel House Capable of 105 mmcf/d to San Martin pipeline Owned by JV (CWV working interest 25.78%) 14
Cerro de Los Leones Targeting Conventional Oil and Gas 15
Cerro de Los Leones (100%WI) North Neuqun Basin High impact exploration Proven productive region with excellent access Unconventional shale resource Cerro de Los Leones Pampa Palauco potential in the Vaca Muerta while Cajn de…
Cerro de Los Leones Exploration Potential 3-D seismic has been reprocessed and La Hoyada data is being integrated into ongoing reinterpretation Puesto Rojas 23 mmbbls of oil produced to date Llancanelo Capital plans Q3 and Q4…
Capitalization As at July 29, 2015 Closing price 0.13 Shares outstanding 164 million Market cap Cdn 21.4 million As at March 30, 2015 Working capital(1)(2) US .8 million Debt (Argentine Peso denominated) (1)(2) US 4.2 million…
Investment Highlights Operating in Argentinas revitalized petroleum industry Favorable New Gas Subsidy Program Foreign investment incentives Production growth supported by extensive infrastructure Growing conventional production…