High Quality Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken June 2017 TSXV: PSH OTCQX: PSHIF Corporate Presentation
About PetroShale High-growth, light oil company focused in the heart of North Dakota Bakken / PetroShale Asset Base Three Forks with deep inventory of operated and non-op drilling locations Partnered with several large operators in…
PetroShale Investment Opportunity Focused on top-tier acreage quality Significant exposure to a high-quality land base focused in the core of the prolific N. Dakota Bakken / Three Forks Oil play Stacked oil pay provides significant…
Management and Directors Experienced management team with a track record of value creation Combined Calgary & Denver team brings decades of technical, financial and capital markets expertise along with unique experience in oil and gas…
Evolution of PetroShale Previous strategy & management team New strategy & management team 3.25 Nov 2013: Experienced management team 3.00 March 2012: appointed. New strategy focused 31,450 mboe Completed reorg to form PetroShale in…
Strategy: Focus on High Quality Acreage Acquisitions have been focused in the sweet spot of the Bakken oil play Rigorous technical and financial analysis performed before any lease is acquired Successful in acquiring lands and…
Proven History of Value Creation Evolution of PetroShales strategy Since 2013, management focused on acquiring precise land positions in the sweet spot of the Bakken oil play Current inventory and reserves built from scratch through a…
Acreage Targets the Bakken Oil Sweet Spot Acreage concentrated in the core of the North Dakota Bakken, largely situated within and adjacent to some of the highest producing wells that have commenced production since 2012 Target…
Recent Well Results Encouraging PetroShale drilled, completed and tied-in its first well (8H) on its operated DSU (73% WI) (Dec. 31, 2016) 8H well targeted Middle Bakken, completed with 30 high intensity frac stages Production tested…
Significant Drill Bit Growth With Increased Well Density Significant opportunity to add inventory through downspacing / increasing well density on PetroShales stacked pay PetroShales December 2016 independent reserve report spacing = 232…
High Quality Well Locations in the Heart of the Core PetroShale Drilling Locations(2) Assumes 880 Spacing Assumes 660 Spacing Future Future Future Future Gross(1) Net(1) Gross(1) Net(1) Antelope Antelope 217 26.3 298 34.1 South…
Fort Berthold Type Wells Strong Economics EVEN WITH LOW OIL PRICES Rate of Return / Oil Price Sensitivities Antelope Type Well 140% Drilling & Completion Costs (US) 8.0 MM 1 Year Cum (Mboe) 370.0 Antelope 120% EUR (Mboe) 1,250…
Investment Summary Focused land base in North Dakota Land base is focused only in the core of the prolific, stacked North Dakota Bakken / Three Forks oil play Significant recent production increase Currently estimated at 2,800…
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 LLP, Calgary…
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