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Operational Update – Petronova Inc.

Petronova Inc. · Sep 18, 2014 · 31 slides

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Slides

  1. Operational Update – Petronova Inc. – slide 1
    Operational Update Operational Update September 2014 September 2014 0
  2. Operational Update – Petronova Inc. – slide 2
    Company Highlights Producing 280 bbls/d net to W.I. from 2 discoveries in the Llanos Basin1,2 2P reserves of 2 9 mmbbls1,3 2P reserves of 2.9 mmbbls , Cagun C Putumayo Basin i Best estimate W.I. unrisked prospective Tinigua…
  3. Operational Update – Petronova Inc. – slide 3
    Llanos Basin: CPO7 & CPO13 Total 1,094,689 gross acres Operator: Tecpecol; PNA 20% W.I. ANH contracts, X factors: CPO7: 47% CPO13: 32% 3
  4. Operational Update – Petronova Inc. – slide 4
    CPO13 & CPO7 Blocks Located in one of the most prolific areas in the Llanos Basin Caracara PNA holds a 20% W.I. in both the 0 15 30 45 km 40 MMbbl 2P Reserves1; 18.4 Mbbl/d as at 20132 CPO13 and CPO7 Blocks Source: 1 CEPSA, Nota…
  5. Operational Update – Petronova Inc. – slide 5
    CPO13: One Discovery and Extraordinary Potential Carbonera Basal Sands Paleozoic Isochrone Map Appraising the Quifa/Rubiales Trend J Prospect Best prospective ARENOSO (J) Resources PNA W.I 1.0 MMBbl Oil doesnt stop at borders il d…
  6. Operational Update – Petronova Inc. – slide 6
    CPO13 Block In the Heart of the Heavy Oil Belt Pendare Discovery Pendare W.I. Production (bbls/d)1 Producing 90 bbls/d net to PNAs W.I. from two wells as at August 20141 2P reserves of 1.7 mmbbls2 2D seismic and results of the…
  7. Operational Update – Petronova Inc. – slide 7
    CPO13: Next Steps 1240000 1260000 1280000 940000 940000 Pendare Discovery Complete interpretation of the 3D seismic J M QUIFA Initiate a fourwell drilling campaign to d li t th P d delineate the Pendare di…
  8. Operational Update – Petronova Inc. – slide 8
    CPO7: Atarraya Discovery CPO7 Highlights PetroNova holds a 20% W.I. (Operator: Tecpecol) Atarraya Discovery Best estimate prospective resources of 11.6 B i i f 11 6 mmbbl net to PNAs W.I.2 Atarraya Discovery Producing…
  9. Operational Update – Petronova Inc. – slide 9
    CPO07: Next Steps A Complete 3D seismic interpretation of the Atarraya E discovery Ocelote Field Complete 2D seismic Complete 2D seismic Caracara Atarraya interpretation on the rest of the Field Field Block 9 Identify step…
  10. Operational Update – Petronova Inc. – slide 10
    CagunPutumayo Basin: Tinigua 105,471 gross acres Operator: PetroNova, 40% W.I. ANH contract (no X factor) 63 mmbl net prospective resources 63 mmbl net prospective resources 10
  11. Operational Update – Petronova Inc. – slide 11
    Tinigua Block LLANOS BASIN LLANOS BASIN Transition Zone (Mirador & Upper Cretaceous) MMBO BOPD API () A Cupiagua 700 24,863 4246 A B Cusiana 700 8,267 4344 C Apiay 445 13,596 917;24.6 B D Chichimene 77 43,477 911; 1724.2 E Castilla…
  12. Operational Update – Petronova Inc. – slide 12
    Tinigua Block Tinigua Caimo Operated by PetroNova (40% W.I.) Prospect Lead 105,471 gross acres, no X factor % Tinigua prospect identified after reprocessing prospect identified after reprocessing and interpreting the 294 km 2D…
  13. Operational Update – Petronova Inc. – slide 13
    Tinigua: Operational Update & Next Steps 109 km2 of 3D seismic completed in May 2012; preliminary well location selected Obtained environmental license to drill up to 20 exploratory wells from 5 different locations Socialization…
  14. Operational Update – Petronova Inc. – slide 14
    CagunPutumayo Basin: PUT2 96,666 gross acres Operator: PetroNova, 75% W.I. Operator: PetroNova, 75% W.I. ANH contract (1% X factor) 42 mmbl net prospective resources 14
  15. Operational Update – Petronova Inc. – slide 15
    PUT2 Block Operated by PetroNova (75% W.I.) 96,666 gross acres, X factor: 1% Putumayo is the northern extension of Putumayo is the northern extension of Oriente Basin and one of Colombias most prolific basins; neighbors include…
  16. Operational Update – Petronova Inc. – slide 16
    PUT2 Prospects Time Structural Map PNA WI Unrisked Prospective Resources Upper U Sand Villeta Formation Prospect (mmbbl) LOW BEST HIGH CANELO NORTE1 0.56 1.97 5.37 Canelo Norte CANELO SUR1 CANELO SUR1 1 55 1.55 4 82 4.82 11…
  17. Operational Update – Petronova Inc. – slide 17
    PUT2: Operational Update & Next Steps Canelo Sur2 prospect was drilled to TD of 9,970 ft. targeting the Villeta formation o mud log data indicated 45 ft. of lower U sand with fairquality oil shows o logs interpreted sand as oil…
  18. Operational Update – Petronova Inc. – slide 18
    Timeline 2014 2015 Q3 Q4 Q1 Q2 Q3 Q4 PUT2 Seismic Reprocessing TINIGUA Tinigua Exploration Well CPO07 Atarraya Well CPO13 g Exploration El Tigre p Wells Pendare Appraisal Wells 18
  19. Operational Update – Petronova Inc. – slide 19
    Financial Highlights Current Assets (as of June 30 2014)1: 16.7 mm Current Assets (as of June 30, 2014) : 16 7 mm Financial Debt (as of June 30, 2014): 2.3 mm Selected figures as of June 30, 2014: Cash and cash equivalents 9.4…
  20. Operational Update – Petronova Inc. – slide 20
    Capitalization PNAs shares began trading on the TSX Venture Exchange on December 21, 2010 20.0 mm funded by insiders and business associates in 2009 10.0 mm through private placement in June 2010 65.4 mm through an IPO in December…
  21. Operational Update – Petronova Inc. – slide 21
    Social Responsibility SOCIAL INVESTMENT GUIDELINES Concerted process (community, authorities Local & company) & company) Authorities Communityy Authorities Local communities need to be educated Projects have to improve local…
  22. Operational Update – Petronova Inc. – slide 22
    Disciplined Path Towards Growth Outlook Complete 2D seismic interpretation in CPO7 Complete 3D seismic interpretation in Atarraya & Pendare Continue extended tests in CPO7 & CPO13 Begin drilling Pendare prospects in CPO13 in Q4…
  23. Operational Update – Petronova Inc. – slide 23
    The Opportunity Extensive and diversified exploration portfolio covering more than 1.29 Extensive and diversified exploration portfolio covering more than 1.29 million acres Blocks with significant growth potential located on…
  24. Operational Update – Petronova Inc. – slide 24
    Management, Directors & Corporate Information Management Team Board of Directors Corporate Information Antonio J. Vincentelli, Judy Stripling Ernst & Young LLP President & CEO Former CFO Pace Oil & Gas Ltd. Auditors Former President,…
  25. Operational Update – Petronova Inc. – slide 25
    PetroNova Colombia Calle 99 N 9 45, Piso 6 Bogot D.C. Colombia Tel: +57 1 642 8677 Tel: +57 1 642 8677 Fax: +57 1 642 0639 Investor Relations: Equicom 403-218-2887 Abby Garfunkel agarfunkeltmxequicom.com www.petronova.com 25
  26. Operational Update – Petronova Inc. – slide 26
    Appendix 26
  27. Operational Update – Petronova Inc. – slide 27
    Reserve and Resource Summary Reserves PNA WI RESERVES GROSS PROVED + NET PROVED + BLOCK / RESERVOIR PROBABLES PROBABLES (MBBLS) (MBBLS) CPO-7 / Atarraya 1,181 576 CPO-13 / Pendare 1,694 1,083 TOTAL 2,875 1,659 Source: Petrotech…
  28. Operational Update – Petronova Inc. – slide 28
    Tinigua Block 20102011 Summary TOTAL GROSS SAND: 1,160 Feet 2D Seismic Interpretation Uribe 1970 Survey 2D S i i I t t ti U ib 1970 S Mirador Sandstones URIBE1 (TVD) Time Structural Map 962000 964000 966000 968000 970000 972000…
  29. Operational Update – Petronova Inc. – slide 29
    Tinigua Geological Interpretation PNA WI Unrisked Prospective Prospect Resources (mmbbl) 109 km23D seismic confirms a large fault LOW BEST HIGH Mirador 11.98 29,20 53,59 propagation fold structure, with an areal extension Macarena…
  30. Operational Update – Petronova Inc. – slide 30
    Surface Geochemistry Evaluation Surface Geochemical sampling program strongly suggests subsurface light oil and oil/condensate source potential Ethane Compositional Dot Contour Map Ethane Magnitude Contour Map Sample Collection…
  31. Operational Update – Petronova Inc. – slide 31
    Seismic Attribute Analysis Flat Spots Identified in Tinigua Prospect InLine 83 InLine 170 A A B B Flat Spots: Possible Fluid Contacts Mirador Mirador Macarena Flat Spot: Macarena Possible Oil Oil--Water…

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