Head Office: MADALENA ENERGY INC. Suite 3200, 500 - 4th Avenue SW Calgary, Alberta, Canada T2P 2V6 Argentina Office: MADALENA ENERGY S.A. Madalena 421 Lola Mora, 13th Floor Buenos Aires, ARG C1011ABE e n e r g y inc.…
MADALENA ENERGY INC.: Overview FOCUSED ON DELINEATING SHALE AND UNCONVENTIONAL RESOURCES IN ARGENTINA Trading Symbol: TSXV MVN OTCQX MDLNF Total Issued and Outstanding Shares 542.1 million Market Capitalization (0.26/share) 140.0…
MADALENA ENERGY: Reserves Growth in Argentina Conventional Reserves Provide Value Backstop Unconventional & Shale Asset Upside Not Included in Data Below (see slide 6) Growth 2015 vs. 2014 8% increase in Proved + Probable Reserves in…
RESOURCES: Independent Reports (Summary) Contingent and Prospective Resources as evaluated by GLJ and Ryder Scott effective Sept. 30, 2015 Contingent Resources include: Prospective Resources include: Vaca Muerta shale at Coiron…
ARGENTINA OIL PRICING: Regulated Premium to Brent Maintained In Argentina, oil prices are set by the government for product sold into the domestic oil market 2016 current (Medanito) posted oil price set at USD 67.50 per barrel Gas…
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%…
GROWTH STRATEGY: Delineating Unconventional Resources in the Neuquen Basin 2016 Operations: Vertical & Horizontal Activities Continue to Delineate Four Unconventional Resource Plays MULICHINCO RESOURCE PLAY (Liquids-rich Gas)…
VACA MUERTA: One of Largest Shale Plays Outside of N. America1 Thickness of 100 metres to 500+ metres Progressively deeper & thicker from east to west in the basin The Vaca Muerta is oil prone at Coiron Amargo Madalena expects the…
VACA MUERTA: Recent Developments Chevron Chihuido de la Sierra Negra; Sept. 2015 (Chevron website) -140 Million JV with YPF -9 wells in 2 phases (2 horizontals) ExxonMobil Bajo el Choique & La Invernada; Dec. 14, 2015 (Platts)…
COIRON AMARGO: In the Vaca Muerta Activity Sweet Spot Wintershall -Aguada Federal; Dec. 23, 2015 (Wintershall website) -Increases WI to 90% in JV with GyP -2 vertical VM wells drilled in 2015 -Contingency of 6 horizontal VM…
COIRON AMARGO: Offsetting Vaca Muerta Production Increases 2014 Shell First Hz at Cruz De Lorena CdL.x-1(h) YPF/Chevron Onstream Mar 2014, IP(30) April 2014 Loma Campana 417 Bbls/d, 220 Mcf/d, 13% wcut, 514 Boe/d July 15 (17 mon…
COIRON AMARGO: Vaca Muerta Economics vs Oil Price NPV10% per Well vs Oil Price 30 26.7 Low 25 21.4 Best NPV10% (US MM) 20 High 16.1 13.7 15 10.9 10.2 10 6.7 5.8 3.3 3.4 5 1.1 -1.3 0 40 50 60 67.50 70 80 90 -5 OIL…
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) Six…
CURAMHUELE: Multiple Resource Plays Exploration Concession Operated 90% W.I. in 56,216 gross Filo Morado (50,595 net) acres El Trapial High-impact Plays : Lower Agrio shale Light oil Mulichinco tight sand Gas and liquids Loma…
CURAMHUELE: Lower Agrio Shale Vertical Delineation Well Madalenas recent drilling results at Yp.x-1001 supports CURAMHUELE Yp.x-1, Yp.x-1st the regional isopach mapping. The well encountered & Yp.x-1001 270 metres of continuous…
CURAMHUELE: Lower Agrio vs Vaca Muerta Shales CURAMHUELE LOMA CAMPANA SJ.Nq.Yp.x-1 YPF.Nq.AnN.x-1 This well is representative of the YPF successes in the Vaca Muerta at Loma Campana Log character of the L. Agrio at Curamhuele…
CURAMHUELE: Lower Agrio & Vaca Muerta Shale Resources Best Estimate Prospective Resources as evaluated by GLJ and Ryder Scott effective Sept. 30, 2015 LOWER AGRIO SHALE VACA MUERTA SHALE None Booked as of Dec. 31, 2015 None Booked…
PUESTO MORALES: Loma Montosa Scalable Oil Resource Play 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 depths with TVD 1350…
PUESTO MORALES: Loma Montosa Scalable Oil Resource Play Implementing North American Horizontal Multi Frac Technology in Argentina Loma Montosa Hz MF Drilling Inventory Dec 31, 2015 Reserve Report has 12 Loma Montosa Hz Undeveloped…
PUESTO MORALES: Facilities 100% Operated Original cost US40 MM to build Plant & Infrastructure Supports Additional Horizontal Development of Q3 - 2015 Oil Loma Montosa Oil Resource Play 959 Bbl/d Capacity 12,000 Bbls/d Q3 -…
NOROESTE BASIN: Conventional Light Oil Production with Exploration & Development Upside Bolivia Operated (Exploration) Valle Morado Gas Project Best Estimate Contingent Resources Operated (Exploitation) Non-operated…
SUMMARY: Argentina Focused Plan Active Argentina Program in 2016 Advancing Four Key Resource Plays Loma Montosa oil at Puesto Morales -Initial Success Lower Agrio shale oil at Curamhuele -Initial Success Mulichinco liquids-rich…
APPENDIX 1: Argentinas 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 3X greater…