Head Office: MADALENA ENERGY INC. Suite 3200, 500 - 4th Avenue SW Madalena Calgary, Alberta, Canada T2P 2V6 Argentina Office: e n e r g y MADALENA ENERGY S.A. 421 Lola Mora, 13th Floor inc. Buenos Aires, ARG C1011ABE…
MADALENA ENERGY INC.: Overview FOCUSED ON WORLD CLASS SHALE AND CONVENTIONAL RESOURCES IN ARGENTINA Trading Symbol: TSXV MVN Total Issued and Outstanding Shares 541 million Market Capitalization (0.30/share) 162 million June 30,…
ARGENTINA OIL PRICING: Current Regulated Premium to Brent In Argentina, oil prices are set by the government monthly for product sold into the domestic oil market Q3 2015 average Argentina oil price set at USD 76 per barrel for…
ARGENTINA: Macro Economic and Fiscal Highlights Fiscal Differences New Hydrocarbon Law (Dec 2014) has improved regulatory and fiscal understanding between Federal and Provincial Governments Regulated oil and gas pricing (September…
ARGENTINA PROPERTIES: Multiple Blocks in Two Basins Block Summary Block W.I. Operator Net Acres Province/Basin Valle Morado1 97% Madalena 47,423 Salta/Noroeste Santa Victoria1 100% Madalena 516,846 Salta/Noroeste El Vinalar 100%…
CORE PROPERTIES: Q2 Sales Volumes Oil + NGL Gas Boe/d % Total Bbls/d Mcf/d 6:1 Puesto Morales/Rinconada 1,113 3,789 1,745 44% Surubi 1,124 1,124 28% Coiron Amargo 437 666 548 14% Sub Total 2,674 4,455 3,417 86% Minor Arg…
GROWTH STRATEGY: Delineating Unconventional Shales & Tight Sand Plays in Neuquen Basin 2015 Budget: Vertical & Horizontal Activities to Delineate Four Unconventional Resource Plays MULICHINCO RESOURCE PLAY (Liquids-rich Gas)…
VACA MUERTA: One of Largest Shale Plays Outside of N. America1 Comparison of Vaca Muerta and US Shale Plays Thickness of 100 metres to 500+ metres Progressively deeper & thicker from east to west in the basin The Vaca Muerta is Oil…
VACA MUERTA: Coiron Amargo in the Activity Sweet Spot Wintershall - Aguada Federal; March 16, 2015 (Wintershall website) -2 vertical VM wells in 2015 -Contingency of 6 horizontal VM wells Petronas La Amarga Chica; Dec 2014…
COIRON AMARGO: Offsetting Significant Production Increases Vaca Muerta Development Positive Results Source: July 2015 Unconventional Resources Technology Conference: 2153944 Paper Sweet Spots in Vaca Muerta: Integration of…
Vaca Muerta Sweet Spot: Horizontal Development Accelerating YPF Loma Campana East Side Ten New Vaca Muerta Hz Wells 2014 Shell First Hz at Cruz De Lorena CdL.x-1(h) Daily Production (Boe/d) Onstream Mar 2014, IP(30) April 2014 417…
COIRON AMARGO NORTH: Sierras Blancas Horizontal Wells Applying N.A. Horizontal Technology to Conventional Light Oil Development Coiron Amargo Norte (108 km2) converted to 25-year exploitation license (MVN 35% W.I. -Non-Op) Four…
COIRON AMARGO NORTH: Strong Conventional Production Results Madalena has a 35% WI Note: Production results up to July 2015. Avg LJE Hz is the average production from seven Sierras Blancas Hz wells in the Loma Jarillosa Este…
CURAMHUELE: Lower Agrio Shale + Mulichinco Tight Gas + Vaca Muerta Shale Exploration Concession Operated 90% W.I. in 56,216 gross (50,595 net) acres Filo Morado High-impact Plays : El Trapial Lower Agrio shale Light oil…
2015 PLAN: Combined Test of Lower Agrio + Mulichinco Plan is to deepen an offset well SJ.Nq.Yp.x-1 7.4 km SJ.Nq.Ch.x-1 (YP.x-1001) by 600 m Multi Frac and commingle the Correlation 0 API 200 0.2 2000 450 US/MT 90 Lower Agrio…
CURAMHUELE: Unconventional Frac Design 400 m (1300 ft) Modelled Frac Wings Lower Agrio Section 250 m (800 ft) Sweet Spot High TOC, Brittle, Mulichinco Tight Sand Four Stage Hydraulic Fracture Designed to Maximize…
PUESTO MORALES : Loma Montosa Oil Play Overview Prospective at Puesto Morales Light Oil Resource Play at Puesto Morales field MVN is operator with 100% W.I. Tight Dolostones with good well control in Loma Montosa zone Shallow drill…
LOMA MONTOSA OIL PLAY: Production Results 1 Note: Management estimated or reference type curve is based on an internal evaluation by a qualified reservoir engineer. The estimated recovery and production forecast is presented to…
LOMA MONTOSA OIL PLAY: Scalable Resource Play Implementing North American Horizontal (Hz) Multi Frac Technology in Argentina Dec 31, 2014 Reserve Report has Eight Loma Montosa Hz Undeveloped wells Proved + Probable Reserves 170…
Puesto Morales Facilities: 100% Operated & Controlled Originally cost approximately USD 40 MM to build Q2 - 2015 Oil Plant & Infrastructure 1,113 bbl/d Room to Grow via Horizontal Development Capacity in Loma Montosa Oil Resource…
NOROESTE BASIN: Conventional Light Oil Production with Exploration Upside Palmar Largo (14% Non-Op) El Chivil 17 wells have cumulative production of 40 MMBbls Palmar Largo Surubi (85% Operated) Proa-2 well has produced 1.1MM…
SUMMARY: Argentina Focused Plan Positive Working Capital Position & Focused Plan Active Argentina Drill Program in 2015 2015 / 2016 Plan: Advance Four Key Resource Plays Loma Montosa Oil play at Puesto Morales - Initial Success at…
APPENDICES OCTOBER 2015 25
APPENDIX 1: Experienced Full-Cycle Operating Team MANAGEMENT TEAM BOARD OF DIRECTORS Kevin Shaw, P. Eng., MBA President & CEO Gus Halas Previously Managing Director & Head of Energy Research at a boutique Director of Triangle…
APPENDIX 2: Argentinas World-Class Shale Potential June 2013 EIA Released Updated World Shale Oil & Gas Assessment Argentina has 4th largest technically recoverable shale oil resource in the world Behind only Russia, USA & China…
APPENDIX 3: Vaca Muerta vs US Shales m 0 250 500 Shale Thickness 750 1,000 Oil Shales Gas Shales Vaca Muerta Shale Vaca Muerta Shale Madalenas Coiron Madalenas Cortadera Shale Comparisons Amargo Area Eagle Ford…
APPENDIX 5: CANADIAN ASSETS - West-Central Alberta ALBERTA EDMONTON CALGARY Greater Paddle River Area (130 Net Sections of Land) GREENCOURT High Working Interest & Primarily Operated Multiple Plays for horizontal…
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