TSX.V : CWV Argentina Opportunity An Undersupplied Energy Market CORPORATE PRESENTATION MAY 2016
Argentina - Recent Changes New Argentine Government targets Energy Self Sufficiency Resolved Debt Default and paid restructuring holdouts with proceeds of a US16.5 billion bond sale Neuqun Basin Implementing Free Market Reforms…
Why Argentina An undersupplied domestic natural gas market Strong and persistent demand for domestic natural gas production High domestic oil and natural gas prices (compared to other global Neuqun Basin (Cerro de Los Leones)…
High Potential Asset Base Austral Basin (Tierra del Fuego) 25.78% working interest Core producing asset (Q4 2015 sales production of 1,416 boepd); 85% gas weighted1 126,000 net acres (489,000 gross) Strong inventory of 3D…
Our Growth Platform Tierra del Fuego Conventional generate repeatable growth from our core area Potential Springhill Tight Gas Resource Play Consolidation Opportunities Neuqun Basin (Cerro de Los Leones) Cerro de Los Leones…
Tierra del Fuego Drilling depths: 1,700 - 2,300 m Rio Cullen US 3.54 million (gross) per well to drill, case, complete, frac and tie-in Extensive 3-D coverage: +1100 km2 210 km2 of new 3-D Seismic on the Angostura Rio Cullen,…
Tierra del Fuego Development Strategy Goals Generate higher rates of production and Rio Cullen revenues: benefit from rising natural gas prices Prove up Reserve Potential with new wells at Las Violetas, Puesto Quince and on the Rio…
Tierra del Fuego Building Reserves and Cash Flow 2016 Capital Program Rio Cullen 2 - 3 new well drilling program Multi well fracture stimulation program Completed the Puesto Quince x-1001 production test in Q1 2016 The well is…
Building Production Prospective Springhill Formation Fairway Rio Chico Los Patos Los Flamencos Rio Chico Gas Facility Los Flamencos Rio Grande Town Site Potential Springhill San Luis New San Luis Pool Discovery…
Las Violetas Block Fields Puesto Quince Discovery PQ x-1001 producing oil well - new pool discovery Prospective pool area is approximately 50 km2 Las Violetas Oil Pool Analogous to Los Flamencos and Las Violetas Gas LV-112 Los…
Las Violetas San Luis 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 Non-productive wells…
La Marina Compression Plant Turbo Compressor La Marina Compression Plant Control Panel House Capable of injecting up to 105 mmcf/d into 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) Neuqun Basin 16
Cerro de Los Leones (100%WI) North Neuqun Basin High impact exploration license with proven oil production Proven productive region with excellent access Cerro de Los Leones Pampa Palauco Unconventional shale resource Cajn de los…
Cerro de Los Leones Operation Update Successful Q4 2015 Re-Entry Program: Successfully re-entered and re-completed Puesto Rojas the Vega del Sol X1 well in the Chachao 23 mmbbls of oil formation. During swabbing the well had a…
Vega del Sol x-1 Productive Fractured Intrusive Vega del Sol x-1 Productive Fractured Intrusive area 1 Km2 Vega del Sol e-2 Untested Fractured Intrusive 1 Km2 Vega del Sol e-2 Vega del Sol x-3 Neuqun Group Area of Seismically…
Capitalization As at April 27, 2016 Closing price 0.055 Shares outstanding 164 million Market cap Cdn 9.5 million As at December 31, 2015 Working capital(1)(2)(3) US 0.64 million Debt (Argentine Peso denominated) (1)(2)(3) US 2.4…
Reserves Reserves NPV 10% BT As at December 31, 2015 (USD M) MBOE USD Proved Developed Producing1 2,440 28.6 million Total Proved1 3,763 43.2 million Proved Plus Probable1 4,918 55.9 million Valuation as at December 31, 20151…
Management Murray D. McCartney Marisa Tormakh President & CEO, Director Vice President Finance & CFO More than 34 years petroleum industry 30 years of experience in the Argentine financial and experience in both public and private…
Board of Directors Gordon Kettleson Non-Executive Chairman Pablo Bernardo Peralta Founding Director and previous CEO of More than 30 years of experience in financial Crown Point services and activities CEO of Interwest Enterprises…
Investment Highlights Resolved Debt Default -Re-integrated with International Capital Markets Undersupplied Domestic Natural Gas Market New Argentine Government targets Energy Self Sufficiency Implementing Free Market Reforms and…