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: Overview FOCUSED ON DELINEATING SHALE AND UNCONVENTIONAL RESOURCES IN ARGENTINA Trading Symbol: TSXV MVN OTCQX MDLNF NOROESTE BASIN Share Price (CDN/sh) 0.19 Diluted Shares Outstanding (MM) 542.1 Market…
MADALENA ENERGY: Investment Thesis Pure play exposure to Argentinas Vaca Muerta & Lower Agrio shale plays and scalable conventional and tight rock resource developments Good torque on oil & gas in Argentina with Vaca Muerta upside…
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 US67.50 per barrel Gas…
MADALENA ENERGY: Reserves By Property PROVED PROVED + PROBABLE OIL GAS BOE OIL GAS BOE % of (Mstb) (MMcf) (MBoe) (Mstb) (MMcf) (MBoe) Total Puesto Morales2 2,125 2,066 2,469 3,872 4,855 4,681 44% Surubi 1,402 - 1,402 1,905 -…
MADALENA ENERGY: 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%…
FOCUS: Delineating Strategic Resources in the Neuqun Basin Focused on Horizontal Multi-frac Operations CURAMHUELE Lower Agrio shale oil delineation with horizontal multi-frac well(s) Vaca Muerta oil & gas/NGL appraisal Seeking…
MADALENA ENERGY: Three-year Strategic Plan 2016 Focused Operations Raise capital to commence Vaca Muerta shale Hz delineation at Coiron Amargo and Loma Montosa Hz development drilling at Puesto Morales Seek strategic partner to…
VACA MUERTA SHALE: One of the Largest Shale Plays Outside of North America1 Thickness generally ranging from 100 metres to 500+ metres Progressively deeper & thicker from east to west in the basin The Vaca Muerta is oil prone at…
VACA MUERTA SHALE: Recent Developments Chevron Chihuido de la Sierra Negra; Sept. 2015 (Chevron website) -US140MM JV with YPF -9 wells in 2 phases (2 horizontals) ExxonMobil Bajo el Choique & La Invernada; Dec. 14, 2015 (Platts)…
COIRON AMARGO: Sweet Spot Acreage in the Vaca Muerta 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 Boe/d Vaca Muerta Hz Production History (Wells Annotated on map) 1,000 2014 Shell First Hz at Cruz De Lorena CdL.x-1(h) Onstream Mar 2014, IP(30) April 2014 CdL.x-1(h) 417…
COIRON AMARGO: Vaca Muerta Shale Economics VACA MUERTA HORIZONTAL TYPE CURVES VACA MUERTA NPV 10% per Well vs Oil Price 10,000 30 26.7 High Estimate High 25 Best 21.4 Best Estimate Low NPV 10% (USMM) 20 Assumes Flat Oil…
COIRON AMARGO NORTH: Sierras Blancas Light Oil Applying North American Horizontal Technology to Conventional Light Oil Development Coiron Amargo Norte (108 km2) converted to 25-year exploitation license (MVN 35% W.I. -Non-Op) Seven…
PUESTO MORALES: Loma Montosa Scalable Oil Resource Play Applying North American Horizontal Multi Frac Technology in a Tight Oil Reservoir Light Oil Resource Play at Puesto Morales field MVN is operator with 100% W.I. Tight…
PUESTO MORALES: Loma Montosa Economics Loma Montosa Horizontal Puesto Morales 2P Loma Montosa Horizontals Boe/d Production (Boe/d) by Month NPV10% per Well vs Oil Price 1,000 8 Management with 20% Capex reduction 6.8 7 Management…
PUESTO MORALES: Facilities & Pipelines 100% Operated Supports additional horizontal development of Loma Montosa Oil Resource Play Quick cycle time to production for new horizontal developments Q4 2015 Oil 832 Bbl/d Capacity…
CURAMHUELE: Multiple Resource Plays Operated 90% W.I. in 56,216 gross (50,595 net) acres Exploration concession with no further work Filo Morado commitments until expiry in Sept. 2016 Ch.x-1 Madalena is pursuing its option for a…
CURAMHUELE: Lower Agrio Shale Vertical Exploration Success Madalenas recent drilling results at Yp.x-1001 supports the regional isopach mapping. The well encountered 270 metres of continuous oil and gas shows in the over- pressured…
CURAMHUELE: Lower Agrio vs Vaca Muerta Shales CURAMHUELE LOMA CAMPANA YPF/CHEVRON Development Area 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…
NOROESTE BASIN: Conventional Light Oil Production with Exploration & Development Upside Operated (Exploration) Bolivia Operated (Exploitation) Non-operated (Exploitation) Santa Victoria Paraguay PALMAR LARGO Palmar La Palmar…
APPENDIX 1: Management & Board of Directors MANAGEMENT TEAM BOARD OF DIRECTORS Steven Sharpe - Interim President & CEO Gus Halas Former Chairman & Interim CEO of Longview Oil Corp. (acquired by Surge Director of Triangle Petroleum…
APPENDIX 2: 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…
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…
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