Focused on stacked pay oil opportunities in the Bakken core TSXV: PSH OTCQX: PSHIF January, 2017 Corporate Presentation
PetroShale Inc. High-quality land base focused in the core of the prolific, stacked pay North Dakota Bakken / Three Forks and demonstrated by recent well results: PetroShale completed its first operated well (8H - 73% WI) immediately…
Profile - TSXV:PSH / OTCQX: PSHIF Financial Total Shares Outstanding 34.2 MM Management Holdings 43% Market Cap ( C0.93 / share) US24.3 MM / C31.8 MM Senior Debt(1) US22.4 MM / C29.3 MM Total Debt(1) US90.4 MM / C117.3 MM…
Management and Directors Combined Calgary & Denver team brings decades of technical, financial and capital markets expertise Track record of building and growing companies; Denver-based deal team with experience in North Dakota…
Evolution of PetroShale Previous strategy & management team New strategy & management team 3.25 Nov 2013: 3.00 March 2012: Experienced management team 25,483 mboe Completed reorg to form PetroShale appointed. New strategy focused 2.75…
Demonstration of Value Creation US Gross Reserves Increase(1) US Btax NPV10 Increase(1) (mmboe) (US millions) 2013 2013 2014 +3,700% 2014 +2,200% 2015 increase 13-15 2015 increase 13-15 25.5 308.7 249.5 19.5 161.5 10.3 121.0…
Strategy: Focus on Acreage Quality Our acquisitions have been limited to the heart of the play, avoiding the fringe We have been successful in acquiring lands and drilling opportunities in the bullseye, in more complex land ownership…
PetroShale Land Base Focused land base in the heart of the North Dakota Bakken 4,136 net acres in North Dakota Including 2,716 net acres in Antelope, South Berthold and South Mountrail 49 net internal drilling locations 10
Targeting the Bullseye PetroShales strategy is to acquire leases in the most prolific core of the play Target projects with one year cumulative production 200,000 barrels of oil (BO) & EURs 800,000 BO Of the 12,440 horizontal…
Record Antelope High Density Completion PetroShale has an 18.75% working interest in EOG Resources Riverview drilling spacing unit in which EOG drilled and completed an industry record Bakken well 30 day initial production of 115,000…
Exposure to Significant Drill Bit Growth DOWNSPACING / INCREASING WELL DENSITY Industry Leading PetroShale Basin Operators = OPPORTUNITY Booked 6 (1) Some testing 28 4.5x PSHs currently locations per DSU locations per DSU…
Density is Key Increasing density to 880 spacing equates to 462 gross (48.9 net) high-quality drilling locations; other operators in the basin are testing 660 spacing and the third bench Three Forks 14
Fort Berthold Type Wells Strong Economics EVEN WITH LOW OIL PRICES Rate of Return / Oil Price Sensitivities Antelope Type Well Drilling & Completion Costs (US) 8.0 MM 140% 30 Day Cum (Mbbl) 38.5 Antelope EUR (Mboe) 1,250 120%…
High Quality Well Locations in the Heart of the Core PetroShale Locations PSH Future Net PSH Future Gross Assumes 880 Spacing % of MB TF1 TF2 TF3 Total MB TF1 TF2 TF3 Total total Antelope 66 70 79 2 217 8.1 8.6 9.2 0.4 26.3 54%…
Investment Opportunity Land base is very focused only in the core of the prolific, stacked pay North Dakota Bakken / Three Forks Significant increase in production (estimated at 4,000 boe/d at Jan 2017) following first operated well…
Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 350 7th Ave SW, Suite 3900 OTCQX: PSHIF Calgary, AB T2P 3N9 Phone: +1.403.266.1717 LEGAL COUNSEL: Burnet, Duckworth & Palmer, Calgary…
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