ARGENTINA OIL & GAS EXPLORATION AND PRODUCTION September 2017 Argentina Office: MADALENA ENERGY ARGENTINA S.R.L. Lola Mora 421, 13th Floor Buenos Aires, ARG C1107DDA Madalena Canada Office: MADALENA ENERGY INC. e n e r g y Suite…
ARGENTINA: Macro Outlook After many years of under-investment, the Argentine government has begun implementing key reforms to encourage energy investment Argentina faces a large energy deficit and is a net importer of oil and gas.…
MADALENA ENERGY: Compelling Investment Opportunity Exposure to Argentinas Vaca Muerta & Lower Agrio shale plays and scalable conventional and tight rock resource developments Cash flow positive conventional oil & gas assets in…
MADALENA ENERGY: Company Strategy Balanced Portfolio Madalena will execute a two pronged strategy targeting unconventional and conventional assets Exposure to two asset profiles to capture best risk/return weighted opportunity…
MADALENA ENERGY: Three-year Strategic Plan1 2017 Restructure to Gain Efficiencies Proof of Concept Vaca Muerta Focus on completing new management restructuring plan Additional Vaca Muerta investment in Coiron Amargo through JV with…
MADALENA ENERGY: Management Team & Directors Jose D. Penafiel CEO- Mr. Penafiel previously managed Hispania Petroleum and its predecessor for 10 years. He has held positions as director of Permtotineft, Hispania's joint venture with…
MADALENA ENERGY: Management Team & Directors Barry Larson Director - Chief Executive Officer of Frontera Energy Inc. (Frontera) since February 2017. Director of Frontera from October 2016 to February 2017. Previously, Vice President,…
Company Overview Financial and Assets Summary Madalena e n e r g y inc.
MADALENA ENERGY: Company Snapshot Trading Symbol: TSXV MVN OTCQX MDLNF NOROESTE BASIN Share Price (CDN/sh) 0.18 Diluted Shares Outstanding (MM) 543.78 Market Capitalization (CDNMM) 97.8 June 30, 2017 Long Term Debt (USMM)…
MADALENA ENERGY: Multiple Blocks in Two Basins NOROESTE BASIN Block Summary Block W.I. Operator Net Acres Province/Basin Valle Morado1 97% Madalena 47,425 Salta/Noroeste Santa Victoria1 100% Madalena 516,846 Salta/Noroeste El…
Unconventional Assets Concessions and Play Summary Madalena e n e r g y inc.
VACA MUERTA: One of the Largest Shale Plays Outside of North America1 Thickness generally ranging from 100 metres to 500+ metres Progressively deeper & thicker from east to west in the basin The Vaca Muerta is oil prone at Coiron…
VACA MUERTA SHALE: Recent Developments Chevron Chihuido de la Sierra Negra; Sept. 2015 (Chevron website) -US140MM JV with YPF -9 wells in 2 phases (2 horizontals) ExxonMobil Bajo el Choique & La Invernada; Dec. 14, 2015 (Platts)…
VACA MUERTA SHALE: Sweet Spot Acreage Position Wintershall -Aguada Federal; Dec. 23, 2015 (Wintershall website) -Increases WI to 90% in JV with GyP -2 vertical VM wells drilled in 2015 -Contingency of 6 horizontal VM wells…
COIRON AMARGO: Vaca Muerta Offset Activity Vaca Muerta Hz Production History (Wells on map) Shell - Cruz de Lorena 10000 2014 First Hz well -CdL.x-1(h) SHE.Nq.CdL.x-1(h) SHE.Nq.SB.x-1005(h) Onstream Mar 2014, IP(30) April 2014 SHE.…
CURAMHUELE: Exploration Block Stacked Resource Pays Operated 90% W.I. in 56,216 gross (50,595 net) acres Exploration concession Filo Morado Opportunities: Ch.x-1 El Trapial Lower Agrio shale Light oil Yp.x-1 &Yp.x-1001 Mulichinco…
CURAMHUELE: Promising Results Lower Agrio Verticals Madalenas recent drilling results at Yp.x-1001 supports the regional isopach mapping. The well encountered 270 metres of continuous oil and gas shows in the over- pressured Lower…
CURAMHUELE: Lower Agrio Vaca Muerta Comparison CURAMHUELE LOMA CAMPANA YPF/CHEVRON Development Area SJ.Nq.Yp.x-1 YPF.Nq.AnN.x-1 This well is representative of the YPF successes in the Vaca Muerta at Loma Campana Log character of…
VACA MUERTA SHALE: Play Trends Rising Production Non-conventional production Oil Natural Gas +33,6% +42.3% 2016 vs 2015 Non-conventional production % of Total 15000 12000 Thousand m3 9000 6000 3000…
Corion Amargo Resource Report Summary Madalena e n e r g y inc.
COIRON AMARGO: Resource Report Summary1 Avg Net Daily Production (Mbbl/d) (Target) Net Annual Free Cash Flow (USMM) (Target) Note: 1) Unrisked Recoverable Contingent Resources and type curve are as per the Best case of GLJ…
Conventional Assets Concessions Summary Madalena e n e r g y inc.
COIRON AMARGO NORTE: Sierras Blancas Light Oil Conventional Light Oil Production Asset Coiron Amargo Norte (108 km2) converted to 25-year exploitation license (MVN 35% W.I. -Non-Op) Seven horizontal oil wells on production (current…
NOROESTE BASIN: Conventional Production with Upside Operated (Exploration) Bolivia Operated (Exploitation) Non-operated (Exploitation) Santa Victoria Paraguay PALMAR LARGO Palmar La Palmar Largo rgo (Balbuena Este) Palmar…
APPENDIX 1: Argentinas Shale Potential June 2013 EIA Released Updated World Shale Oil & Gas Assessment Argentina has 4th largest technically recoverable shale oil resource in the world Behind only Russia, USA & China 3X greater…
APPENDIX 2: Vaca Muerta - US Shale Comparison m 0 250 500 Shale Thickness 750 1,000 Oil Shales Gas Shales Vaca Muerta Shale Madalenas Coiron Shale Comparisons Amargo Area Eagle Ford Bakken Barnett Haynesville…
READER ADVISORIES Barrels of Oil Equivalent All calculations converting natural gas to barrels of oil equivalent (boe) have been made using a conversion ratio of six thousand cubic feet (six Mcf) of natural gas to one barrel of oil,…
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