August 2017 PetroShare Corp. (OTCQB:PRHR) Corporate Presentation
Focused Core Wattenberg Operator 33,000 gross acres /9,600 net core acres in a proven pay Focused on a Proven Recipe for Success 3
Corporate Highlights Focused operations in one of North Americas most economic oil and liquids rich plays 33,000 gross acres /9,600 net acres representing 250 gross and 96 net horizontal Niobrara / Codell locations Wattenberg Focused…
Management Team Technical Experience to Execute on Growth Bill Conrad, Chairman Over 20 years of experience as an executive or director of oil and gas companies Former director of Synergy Resources Corporation a publicly traded oil…
Corporate Timeline: Track Record of Execution Since Entering the DJ Basin in May 2015 Secured strong technical team with track record of execution Grown footprint to 9,600 net acre focused in the core Wattenberg Field Established…
Production Growth & Execution Asset Quality and Pad Development Driving Returns Driven Growth Path 3000 2,500 BOE/D* 2500 2000 BOEP/D 1500 1,302 BOE/D 1000 900 BOE/D 500 440 BOE/D 72 BOE/D 0 Q4 2016 Q1 2017 Q2…
Asset Overview
Focus Area Southern Wattenberg Sweet Spot* Primary Horizontal Targets Niobrara A Chalk Niobrara B Chalk Niobrara C Chalk Codell SS Primary Targets D&J sand vertical wells Horizontal development potential is under evaluation…
Stacked Pay and Pad Development The Wattenberg Field in the DJ Basin has emerged as one of the premier horizontal shale plays in the US 33,000 gross acres /9,600 net acres representing 250 gross and 96 net horizontal Niobrara /…
Todd Creek Farms Focus Area Southern Core Area 4,512 gross (1,526 net) acres Robust Operated and Non-operated Horizontal Drilling and Permitting Activity Approx. 116 Gross Non-Op WI Locations are Fully Permitted or in the Final…
South Brighton Focus Area Southern Core Area 5,015 gross (2,030 net) acres Increasing Horizontal Development and Permitting Activity Kerr McGee PetroShares Operated (Anadarko) Brighton Lakes Pad 20 Well Pad 26% WI Permits Pending 8…
Northern Wattenberg Focus Area Approx. 640 Net Acres with up to 32 potential Horizontal Niobrara & Codell Locations (based on 12 wells per XRL drilling spacing unit*) Actively Developing Area by major Wattenberg Operators, including…
Runway Focus Area Southern Core Area Approx. 40 Gross (14 net) Vertical D&J Sand Locations Identified Extensive Hydrocarbon Saturation in Tight Sand Reservoirs Access to New 3D Seismic Data to Determine Additional Low Risk…
Rates of Return and Capital Expenditures
Improving on Completions Expanding on the naturally occurring fracture systems creates more effective and economical completions Conventional Completion: Design Based Upon Assumption That Equal Spaced Entry Points Will Be…
Team Focused on Sensitivity to Service Price & CAPEX Escalation PetroShare Area Horizontal Wells - ROR vs NYMEX Oil 200 180 Potential IRR Stagnation 160 50 to 58/bbl Oil < 50/bbl WTI Oil 50/bbl (20% increase in costs) SRL = 3.0…
Economic Metrics 2017 Estimated Finding and Development Costs Mono-bores and Longer Laterals are Key to Improving F&D Standard-Range Mid-Range Extended-Range Laterals Laterals Laterals (2 (1 Mile) (1.5 miles) miles) Target Zone…
Capital Expenditures and Growth Activities 2017* Q1 2017 Production began on 14 gross (2.5 net) non-operated mid-range horizontal wells on Jacobucci Pad PetroShare non-op working interest ranging from approx. 8% to 27% Q2 2017…
Key Summary Highlights Wattenberg Focused Company with Significant Upside Attractive, Low-Risk Growth Opportunities Long-Standing Partnerships Provide Leasing Advantages Supportive Capital Sponsor and Conservative Financial…
Appendix
Management Team Bill Conrad, Chairman Over 20 years of experience as an executive or director of oil and gas companies Former director of Synergy Resources Corporation, a publicly traded oil and gas company, with securities listed on…
Management Team Paul Maniscalco, CFO Over 20 years of senior management experience in auditing, accounting and financial reporting Former interim Chief Financial Officer of Earthstone Energy Inc. and former interim Chief Financial…
Key Strategic Relationship - Providence Energy Providence Energy Operators and its affiliates, based out of Dallas, TX (Providence), is a 600 MM pension fund-backed energy investment firm which focuses on acquiring operated and…
Loading...
