High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken TSXV: PSH September 2017
About PetroShale PetroShale Asset Base Emerging, pure-play North Dakota Bakken light oil producer whose core assets are situated in the heart of the most prolific parts of the play Antelope Key Statistics TSXV:PSH Total Shares…
Investment Opportunity Pure-play North Dakota Bakken producer focused on top- tier acreage quality Stacked oil pay provides key advantages Land base provides significant (US 500 MM in capital) Hz drilling opportunities across as…
Management and Directors Experienced management team with a track record of value creation Combined Calgary & Denver team brings significant 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 Nov 2013: Experienced management team March 2012: 31,450 mboe appointed. New strategy focused Completed reorg to form PetroShale and in heart…
Recent Accomplishments First operated well (8H; 73.4% WI) drilled at Antelope in late 2016 with IP30 of 1,617 boe/d(1) Closed C110 MM (US85 MM) over-subscribed equity offering Increased borrowing capacity under senior credit…
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 Net(1) Gross Net(1) Antelope Antelope 196 25.5 278 34.1 South…
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…
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 to US8.5MM / well (2 mile lateral)…
Fort Berthold Type Curves 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%…
000s bbls/d Improvements to Takeaway Capacity and Differentials Source: IHS Energy 16
Investment Summary Canadian listed, pure play North Dakota Bakken producer Large number of high quality drilling locations, with plans to execute high intensity fracs over as many as four oil zones Planned drilling activity in…
Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 350 7th Ave SW, Suite 3900 Calgary, AB T2P 3N9 Phone: 403.266.1717 LEGAL COUNSEL: Burnet, Duckworth & Palmer LLP, Calgary DENVER OFFICE Bryan…
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