Explore. Find. Develop. Consolidate. GROW. Petroamerica in Volatile Oil Markets August 26, 2015 1 TSX-V: PTA
Presentation Outline PTA Snapshot Impact of Current Oil Price What are we doing What else is needed to maintain competitiveness Concluding Remarks 2 2 TSX-V: PTA
Petroamerica: A Snapshot Operations Production 1st Half 2015 Average Production 4,108 boepd1 Reserves 2P Petroamerica Year-End 2014 8.1 MMboe2 Reserves 2P PetroNova Year-End 2014 6.3 MMbbls2 Capital Structure Market…
Significant Income Reduction / Short - Mid Term at 100 Brent oil 3X 2X at 80 Brent oil at 60 Brent oil 2014 2015 2016 2017 Growth Delayed Difficult to access equity/debt Investment community has less appetite for…
WHAT ARE WE DOING PETROAMERICA in Volatile Oil Markets Preserve Balance Sheet and Reduce Cost Focus on capital preservation with an eye on flexibility Control the crude oil marketing Expand and Optimize the Asset base Farm out High…
Controlling Costs 40 8,000 Production Production (BOEPD) (BOEPD) 30 6,000 Production (BOEPD) Transportation Costs Expenses (/bbl) Transportation Costs 20 4,000 10 2,000 G&A G&A Suroco Suroco Acquisition…
Focus on capital preservation with an eye on flexibility 2015 Wells 2016 Wells Exploration 1 2 Appraisal 0 1 Development 0 25 Total 1 5 If current oil price prevails, the full year capex budget is estimated to be 8.5 million…
Control the Crude Oil Marketing Crude Marketing Llanos Diversified markets Coveas Cao Limon 240,000 bopd &60% Transport Bicentennial 450,000 bopd of sales linked to Brent, 40% to Phase 3 Vasconia Phase 2 Phase1 Crude…
Opportunity taken the PetroNova Acquisition 2P reserves WI (before royalty) of 6.3 MMbbls2 (after royalty 3.5 MMbbls) with before-tax NPV (discounted at 10%) of 67.2 million. PetroNova has exposure to 1.3 million gross acres in…
Petroamerica after the PetroNova Acquisition PTA consolidated its position in the Putumayo and Llanos basins with the PetroNova acquisition 15 blocks with over 2.2 million gross acres split between the Llanos and Putumayo basins…
Mid-Long Term Growth Potential Putumayo Upside Putumayo Upside Dominating the N Sand Play N Sand play is a repeatable, seismically driven amplitude play PUT-2 Quinde East discovery proved pure ALEA 1947 stratigraphic trapping…
What else is needed Junior Companies like PTA are doing whatever is in their control to survive in this oil price environment, however there are some other initiatives needed to assure their competitiveness Flexible terms to…
Concluding Remarks The Company has maintained an adequate financial capacity by: Reducing operating expenses Reducing transportation costs Controlling the oil marketing Preserving the capital, concentrating on opportunities with…
Abbreviations bbl: barrel MMcfd: millions of cubic feet per day bfpd: barrels of fluid per day Pmean: the average value over the entire probability range boepd: barrels of oil equivalent per day. Using conversion rate of: 6 weighted…
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