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April 2018 Corporate Presentation – Petroshale Inc.

Petroshale Inc. · Apr 25, 2018 · 17 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. April 2018 Corporate Presentation – Petroshale Inc. – slide 1
    High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken TSXV: PSH April 2018
  2. April 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. April 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) horizontal drilling opportunities…
  4. April 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 April 2018 36,737 mboe Announces significant land Nov 2013 31,450 mboe acquisition…
  5. April 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. April 2018 Corporate Presentation – Petroshale Inc. – slide 6
    Reserve Quality & Concentration of Operatorship Gross Reserves(1) (MMboe) Before Tax NPV10(1) (USMM) +44% increase +60% increase 2015 (Gross Reserves P+P) 15-17 2015 (Gross Reserves P+P) 15-17 2016 2016 2017 36.7 2017 493…
  7. April 2018 Corporate Presentation – Petroshale Inc. – slide 7
    Recent Corporate Accomplishments Closed US75MM strategic financing in January 2018 with First Reserve; Brooks Shughart appointed to board of directors Additional high-quality acreage positions acquired in core area Two acquisitions…
  8. April 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 23.3 32.1 South Berthold 29.0 40.0 South Mountrail 1.3…
  9. April 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 2017 independent reserve report spacing =…
  10. April 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 200% 1 Year Cum (Mboe) 370.0 Antelope 180% EUR (Mboe) 1,250…
  11. April 2018 Corporate Presentation – Petroshale Inc. – slide 11
    Acreage Quality Validated by Recent Drilling Results Antelope 11
  12. April 2018 Corporate Presentation – Petroshale Inc. – slide 12
    Acreage Quality Validated by Recent Drilling Results South Berthold 12
  13. April 2018 Corporate Presentation – Petroshale Inc. – slide 13
    2018 Development Year to Date & Outlook Completed four (3.7) net operated wells and participated in four (0.7) net non-operated wells, resulting in a production increase to 5,300 boepd in March 2018 Continued to add high-quality…
  14. April 2018 Corporate Presentation – Petroshale Inc. – slide 14
    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 14
  15. April 2018 Corporate Presentation – Petroshale Inc. – slide 15
    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…
  16. April 2018 Corporate Presentation – Petroshale Inc. – slide 16
    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,…
  17. April 2018 Corporate Presentation – Petroshale Inc. – slide 17
    Preferred Share Financing Details US75MM preferred share financing Convertible into common shares at C2.40 / share, 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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