High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken Aug. 16, 2017 TSXV: PSH OTCQX: PSHIF EnerCom - The Oil & Gas Conference
About PetroShale High-growth, light oil company focused in the heart of North Dakota Bakken / Three Forks with deep inventory of operated and non-op drilling locations PetroShale Asset Base Partnered with several large operators in…
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 key advantages Land…
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…
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…
High Quality Well Locations and Acreage in 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 196 25.5 278 34.1…
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…
Recent Accomplishments First operated well drilled at Antelope (73.4% W.I.) in late 2016 with IP30 of 1,617 boe/d(1) Participated in 3 non-operated wells (24.7% WI) in Dec., 2016 which produced an average of 2,200 boe/d per well…
Near Term Development Outlook Operated Units: Measured Drilling Drill and complete 4 (3.5 net) wells; 2 net at Horse Camp & 1.5 net at Primus Complete with high intensity fracs Costs expected at US8-8.5MM / well (2 mile lateral)…
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% 1 Year Cum (Mboe) 370.0 Antelope EUR (Mboe) 1,250 120%…
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 Planned drilling activity in next 6-8 months includes 5.2 net wells in…
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…
Loading...
