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September 2017 Corporate Presentation – Petroshale Inc.

Petroshale Inc. · Sep 8, 2017 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. September 2017 Corporate Presentation – Petroshale Inc. – slide 1
    High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken TSXV: PSH September 2017
  2. September 2017 Corporate Presentation – Petroshale Inc. – slide 2
    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…
  3. September 2017 Corporate Presentation – Petroshale Inc. – slide 3
    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…
  4. September 2017 Corporate Presentation – Petroshale Inc. – slide 4
    Evolution of PetroShale Shift from acquisition focus Previous strategy & management team New strategy & management team to development phase 31,450 mboe Nov 2013: Q3/Q4 Experienced management team 2017: appointed. New strategy…
  5. September 2017 Corporate Presentation – Petroshale Inc. – slide 5
    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…
  6. September 2017 Corporate Presentation – Petroshale Inc. – slide 6
    Reserve Quality & Concentration of Operatorship Gross Reserves(1) (MMboe) Before tax NPV10(1)(2) (USMM) +283% increase +176% increase 2014 (total proved) 14-16 2014 (total proved) 14-16 2015 2015 2016 2016 400 31.5 Demonstration…
  7. September 2017 Corporate Presentation – Petroshale Inc. – slide 7
    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…
  8. September 2017 Corporate Presentation – Petroshale Inc. – slide 8
    High Quality Well Locations and Acreage in Heart of the Core PetroShale Future Net Drilling Locations(1,2) Assumes 880 Spacing Assumes 660 Spacing Antelope Antelope 25.5 34.1 South Berthold 23.8 33.0 South Mountrail 2.0 2.8…
  9. September 2017 Corporate Presentation – Petroshale Inc. – slide 9
    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 =…
  10. September 2017 Corporate Presentation – Petroshale Inc. – slide 10
    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%…
  11. September 2017 Corporate Presentation – Petroshale Inc. – slide 11
    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 US8MM to US8.5MM / well (2 mile…
  12. September 2017 Corporate Presentation – Petroshale Inc. – slide 12
    Improvements to Takeaway Capacity and Differentials Bakken region takeaway capacity 000s bbls/d Source: IHS Energy 12
  13. September 2017 Corporate Presentation – Petroshale Inc. – slide 13
    Investment Summary 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 next 6-8 months of…
  14. September 2017 Corporate Presentation – Petroshale Inc. – slide 14
    Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 350 7th Ave SW, Suite 3900 Calgary, AB T2P 3N9 LEGAL COUNSEL: Phone: 403.266.1717 Burnet, Duckworth & Palmer LLP, Calgary Bryan Cave, Denver…
  15. September 2017 Corporate Presentation – Petroshale Inc. – slide 15
    PetroShales Operations and Operated Assets PetroShale Operated Horse Camp Wells PetroShales First Operated Well, Primus 8H Construction of PetroShales Primus Pad, July 2017 15

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