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January 2018 Corporate Presentation – Petroshale Inc.

Petroshale Inc. · Jan 26, 2018 · 18 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. January 2018 Corporate Presentation – Petroshale Inc. – slide 1
    High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken TSXV: PSH January 2018
  2. January 2018 Corporate Presentation – Petroshale Inc. – slide 2
    About PetroShale 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 Market & Capitalization CAD unless otherwise indicated PSH LAND BASE Trading…
  3. January 2018 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. January 2018 Corporate Presentation – Petroshale Inc. – slide 4
    Evolution of PetroShale Shift from acquisition focus to Previous strategy & management team New strategy & management team development phase Jan 2018: US75MM 31,450 mboe financing with First Reserve Nov 2013: Experienced…
  5. January 2018 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. January 2018 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 (total 2014 (total proved) 14-16 2014 proved) 14-16 2015 2015 2016 2016 400 31.5 Demonstration…
  7. January 2018 Corporate Presentation – Petroshale Inc. – slide 7
    Recent Accomplishments Closed US75MM strategic financing in January 2018 with First Reserve; Brooks Shughart appointed to board of directors Commenced PetroShale operated 4-well drilling program at Antelope & South Berthold in Q3,…
  8. January 2018 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 Assumes 660 Area Spacing Spacing Antelope Antelope 25.5 34.1 South Berthold 23.8 33.0 South Mountrail 2.0…
  9. January 2018 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. January 2018 Corporate Presentation – Petroshale Inc. – slide 10
    Fort Berthold Type Curves Strong Economics EVEN WITH LOW OIL PRICES Antelope Type Well Rate of Return / Oil Price Sensitivities Drilling & Completion Costs (US) 8.0 MM 140% 1 Year Cum (Mboe) 370.0 EUR (Mboe) 1,250 Antelope 120% 30…
  11. January 2018 Corporate Presentation – Petroshale Inc. – slide 11
    Acreage Quality Validated by Recent Drilling Results Antelope 11
  12. January 2018 Corporate Presentation – Petroshale Inc. – slide 12
    Acreage Quality Validated by Recent Drilling Results South Berthold 12
  13. January 2018 Corporate Presentation – Petroshale Inc. – slide 13
    Recent Strong Results from 1 Mile Lateral Wells EOG-Operated Enerplus-Operated Days on: 721 Days on: 60 Peak 30-day BOEPD rate: 3,580 Peak 30-day BOEPD rate: 1,141 Slawson-Operated Enerplus-Operated Days on: 825 Days on: 59…
  14. January 2018 Corporate Presentation – Petroshale Inc. – slide 14
    Near Term Development Outlook Operated Units: Measured Drilling Completing 4 (3.7 net) wells; 2 net at Horse Camp & 1.7 net at Primus Complete with high intensity fracs Average cost per well expected at US8MM to US8.5MM / well (2 mile…
  15. January 2018 Corporate Presentation – Petroshale Inc. – slide 15
    PetroShale Marketing & Risk Management Bakken region takeaway capacity 000s bbls/d Source: IHS Energy PetroShale has 1,500 Bopd hedged for calendar 2018 Avg floor / ceiling: US45.67 per Bbl / US56.48 per Bbl 15
  16. January 2018 Corporate Presentation – Petroshale Inc. – slide 16
    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 Recent completion activity on 4.5 net wells in…
  17. January 2018 Corporate Presentation – Petroshale Inc. – slide 17
    Contact Information CALGARY OFFICE STOCK EXCHANGE LISTING: PetroShale Inc. TSX Venture: PSH 3230, 421 7th Ave. S.W. Calgary, AB T2P 4K9 LEGAL COUNSEL: Phone: 403.266.1717 Burnet, Duckworth & Palmer LLP, Calgary Bryan Cave,…
  18. January 2018 Corporate Presentation – Petroshale Inc. – slide 18
    Preferred Share Financing Details US75MM preferred share financing Convertible into common shares at C2.40 / sh, 22% premium to 30-day volume-weighted average price of the PSH common shares and a 167% increase over the April 2017…

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