Focused on stacked pay oil opportunities in the Bakken core TSXV: PSH OTCQX: PSHIF EnerCom - The Oil & Gas Conference August, 2015
PetroShale Inc. Land base is very focused only in the core of the prolific, stacked pay North Dakota Bakken / Three Forks Our land is less than 15% drilled using internal reserves estimates Partnered with top tier, experienced and…
Management and Directors Combined Calgary & Denver team brings decades of technical, financial and capital markets expertise Track record of building and growing companies; Denver-based deal team with experience in North Dakota…
Evolution of PetroShale Previous strategy & management team New strategy & management team Nov 2014: March 2012: Nov 2013: US13.3MM in strategic acquisitions + Completed reorg to form PetroShale Experienced management team increase…
Demonstration of Value Creation US Reserves Increase (Gross) Btax NPV10 Increase December 31, 2013 (1) December 31, 2013 (1) December 31, 2014 (2) December 31, 2014 (2) +1,688% +1,235% +1,031% 161.5 +1,469% 11.8 121.0 8.0 10.7…
Strategy: Focus on Acreage Quality Our acquisitions have been limited to the heart of the play, avoiding the fringe We have been successful in acquiring lands and drilling opportunities in the bullseye, in more complex land ownership…
Targeting the Bullseye PetroShales strategy is to acquire leases in the most prolific core of the play Target projects with IP30s 800 boepd and EURs 800,000 BOE Majority of our lands situated within and adjacent to some of the…
Record Antelope High Density Completion PetroShale has an 18.75% WI in Riverview well drilled & completed by large, experienced operator Industry record 30-day rate Bakken well 82,000 bbls of oil produced in first 30 days on…
Exposure to Significant Drill Bit Growth DOWNSPACING / INCREASING WELL DENSITY Industry Leading PetroShale Basin Operators = OPPORTUNITY Booked 4.5 (1) Booked 8 but some testing 5x PSHs currently locations per DSU 24 locations…
Density is Key Increasing density to 880 spacing, equates to 423 gross (38.5 net) high-quality drilling locations (1) (1) Reflects PSH Total Proved wells booked per DSU as per NSAI 13
Strong Well Economics EVEN WITH LOW OIL PRICES Fort Berthold Fort Berthold IRR 100% Drilling & Completion Costs (US) 8.5MM 90% IP30 Rates (Boepd) 1,180 80% 70% EUR (Mboe) 890 60% Payout (years) 1.8 IRR 50% ROR% 47%…
High Quality Well Locations in the Heart of the Core Antelope & Ft. Berthold Antelope / Ft. Berthold Locations NSAI PUD + Prob PSH 880ft-spacing Locations Locations(1) Gross Net Gross Net MB 54 6.1 84 10.9 TF1 55 6.2 88 10.8…
Investment Opportunity Land base is very focused only in the core of the prolific, stacked pay North Dakota Bakken / Three Forks Our land is less than 15% drilled using internal Production Growth 2,000 reserves estimates (boe/d,…
Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 350 7th Ave SW, Suite 3900 OTCQX: PSHIF Calgary, AB T2P 3N9 Phone: +1.403.266.1717 LEGAL COUNSEL: Burnet, Duckworth & Palmer, Calgary…
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