E X P L O R I N G H I G H I M PA C T I N T E R N AT I O N A L O P P O R T U N I T I E S CORPORATE PRESENTATION November 2014 TSX-V: PMI www.petromanas.com
C O R P O R AT E S T R AT E G Y Pursue large acreage positions with a Conduct full technical analysis high working interest at the basin and prospect level Target material resources using good exploration practices Capture and prudent…
ASSET SUMMARY: BASINS WITH PROVEN RESOURCE POTENTIAL Albania France Australia Asset Blocks 2-3 Aquitaine Basin Canning Basin Shpirag discovery, Molishti, Ledeuix: 6 Regional Prospects/Leads Golemaj, Mollassi Ger: 4 Analysis…
C O R P O R AT E T I M E L I N E T O D AT E 2013 2014 and onward Q1 Q2 Q3 Q4 Q1 Q2 Q3 Next Steps Albania Declared Spud Shiprag-3 Shpiragu (Blocks 2-3) 2D Seismic Shell Discovery 75% JV Molisht-1 Shpirag-2 2nd Period France…
ALBANIA Photo: Molisht-1 Wellsite
ALBANIA: INVESTMENT HIGHLIGHTS Over 850,000 gross acres within two onshore blocks World Class Significant oil potential in basin with largest onshore field in Oil Opportunity Europe Shpirag-2 light oil discovery confirms deep…
ALBANIA: ONSHORE GEOLOGY AND FIELDS Existing oil fields are in Blocks 2-3, both clastic and carbonate Carbonate fields on the northwest- southeast Kurveleshi thrust belt, producing since the 1960s, are analogues to prospects on…
ALBANIA: EXISTING INFRASTRUCTURE Oil Infrastructure Pipeline from Patos Marinza field to Fier hub New four lane highway with trucking capability of 30,000 bpd from Fier hub to Vlore 70,000 bpd (Bankers Petroleum) pipeline approved…
A L B A N I A : R E G I O N A L A D R I AT I C G E O L O G Y Italy Albania Patos Marinza estimated 5 billion barrels of original oil in place1 Val dAgri operated by Eni (Shell 40%), producing 85,000 bbl/d (30 wells)2 Tempa Rossa…
A L B A N I A : B L O C K S 2 - 3 E X P L O R AT I O N S U M M A R Y Joint Venture partners Shpirag-2 Discovery recognize sub- thrust potential Shpirag-3 Additional six wells in Spud in 2015 drilling inventory Shpirag Molisht-1…
ALBANIA: MOLISHT-1 SUSPENDED Well cased to 4,200 m at the upper Eocene carbonate reservoir Temporarily suspended pending future re-entry and drill to the lower carbonate Depth of lower reservoir is estimated to be 4,700 4,800 m MD…
A L B A N I A : S H P I R A G - 2 C O M P E L L I N G R E S U LT S Three day test (duration restricted due to limited fluid handling capacity/tankage) Well flowed at rates of 1,500 to 2,200 boe/day 800 to 1,300 bpd of 35 to 37…
A L B A N I A : W E L L R AT E S D E P E N D O N F R A C T U R E S Well rates are maximized through fracture connectivity/deviated wells Fracture studies are underway to optimize well bore placement to maximize flow rates 300…
FRANCE
FRANCE: INVESTMENT HIGHLIGHTS 170,000 gross acres in two onshore permits, Ger and Ledeuix Gas Multiple prospective gas reservoirs; Eocene, Lower Cretaceous Opportunity and Jurassic Thrusted anticlines, naturally fractured…
F R A N C E : A Q U I TA I N E B A S I N D I S C O V E R E D R E S E R V E S N L uss ag ne t Tertiary Basin Iz aute A u d ig n o n Cretaceous Basin Lower Cretaceous Basin FCNP Pecorade B as s in B as s in d 'O r th e z d 'A rz…
FRANCE: AQUITAINE BASIN MULTI-HORIZON OPPORTUNITY Age Litho. Recent Oligocene Eocene/Paleocene Potential bypassed gas in Eocene to Lower Cretaceous Upper Cretaceous (conventional gas reservoirs) Lower Cretaceous 600 - 4,000 m…
FRANCE: LEDEUIX RESOURCE ASSESSMENT Saucde Area, Ledeuix Permit Gas Resouces (Unrisked) Structure Formation Unrisked UPIIP (BCF) Low Best Mean High A-2 Jurassic 41 223 438 1011 Lower Cretaceous 18 76 130 302 A-3 Jurassic 8…
FRANCE: AQUITAINE BASIN EXPLORATION SUMMARY Renew licenses for further five years (currently awaiting ministry approval) Completed full technical review of shallow and deep gas potential Completed third party resource…
AUSTRALIA
AUSTRALIA: CANNING BASIN 100% working interest Derby 1.6 million acres Broome PA G E 2 3
AUSTRALIA: CANNING BASIN EP464 AND EP486 PERMITS Derby PPMI Permit Area PA G E 2 4
AUSTRALIA: CANNING BASIN EXPLORATION SUMMARY Completed technical review of play concepts; including regional gravity/magnetics study EP464 work commitment extended one year Opened data room; finalize farm out options…
M O V I N G A H E A D TO 2 0 1 5 Albania Prepare to spud Sphirag-3 France Renewals expected for Ger and Ledeuix permits Deep well permitting and preparations Conclude farm out process Australia Complete 2D seismic…
C A P I TA L I Z AT I O N S N A P S H O T Exchange TSX Venture Symbol PMI 52 Week Range C0.08 - 0.40 Stock Price (November 20, 2014) C0.085 Market Capitalization C59 million Basic Shares Outstanding1 694 million Warrants2 100…
w w w. p e t ro m a n a s . co m Investor Relations TMX Equicom Nick Hurst +1 (403) 218 -2835 nhursttmxequicom.com Petromanas Energy Inc. Suite 1720, Life Plaza 734 - 7th Avenue SW Calgary, AB T2P 3P8 infopetromanas.com +1 (403)…
APPENDIX
C O R P O R AT E S T R U C T U R E Petromanas Energy Inc. (Alberta, Canada) Gallic Lux 1 Exceed Energy (Australia) Pty Ltd. Petromanas Albania GmbH (Australia) (Albania) Gallic Lux 2 EP 464 EP 486 Blocks 2-3 Permit Permit…
ALBANIA: OVERVIEW Stable Political Environment Constitutional democracy - 1991 Member of WTO, European trade organizations NATO member Visa free travel in Europe January 1, 2011 Granted EU candidate status June 2014 Foreign…
ALBANIA: OFFSHORE / ONSHORE BLOCKS Status Blocks Operator Free Onshore Areas A, B, C, D, E, 1,4,5,6,7,8, Panja, Velca, ALBPETROL Dumre Licensed Onshore 2, 3 Petromanas Energy ALBPETROL Areas ALBPETROL F Bankers Petroleum…
A L B A N I A : B L O C K S 2 - 3 FA R M I N J U N E 2 0 1 3 Working interest PMI retains 25% of Blocks 2-3 Joint Venture with Shell Equalize costs Equalization of Blocks 2-3 sunk costs Shpirag-2 well carry to gross 50 million…
ALBANIA: PSC FISCAL TERMS Each licensed block is a negotiated PSC (terms may vary with agreement) Once work commitments are completed, the operator earns 100% working interest in all oil and gas production from the PSC, less a…
ALBANIA: PSC WORK COMMITMENTS Blocks Current Exploration Period Next Exploration Period Second Exploration Period - SEP (two years) Third Exploration Period TEP (two years) Began June 2014 Expected to begin June 2016 Geology and…
A L B A N I A : G L J R E S O U R C E R E P O R T J U LY 2 0 1 1 Prospective Resource Assessment Summary UPIIP Unrisked Prospective Resources Mean Results Mean Results Block Prospect Oil MMstb Gas BCF MMBOE Oil MMstb Gas BCF MMBOE…
FRANCE: GER RESOURCE ASSESSMENT Ger Permit Gas Resouces (Unrisked) Area Formation Unrisked UPIIP (BCF) Low Best Mean High Ossun Flysch/Eocene 69 177 247 506 Eocene 7 45 82 195 Azereix/Ger Aptian 56 162 270 598 Barremian…
FRANCE: INFRASTRUCTURE / FISCAL TERMS Excellent fiscal terms: No royalties on first 10.6 BCF/field/year Then 5% royalty 34% income tax Geographic positioning Exploration opportunities Supply/demand imbalance Major gas pipeline…
www.petromanas.com Investor Relations TMX Equicom Nick Hurst +1 (403) 218 -2835 nhursttmxequicom.com Petromanas Energy Inc. Suite 1720, Life Plaza 734 - 7th Avenue SW Calgary, AB T2P 3P8 infopetromanas.com +1 (403) 457-4400
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