High-Quality, Stacked Oil Pay in the Sweet Spot of the North Dakota Bakken TSXV: PSH May 2018
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…
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…
Evolution of PetroShale New strategy & management team Shift from acquisition focus to development phase 36,737 mboe May 2018 Nov 2013 Significant Experienced management production 31,450 mboe team appointed. New strategy increase…
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…
Recent Corporate Accomplishments Production growth to over 6,000 boe/d following execution of successful first quarter 2018 capital program Closed US75MM strategic financing in January 2018 with First Reserve; Brooks Shughart…
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…
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 =…
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…
Acreage Quality Validated by Recent Drilling Results Antelope 11
Acreage Quality Validated by Recent Drilling Results South Berthold 12
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 over 6,000 boepd in May 2018 Continued to add high-quality…
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
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…
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…
Advisory Statements FORWARD-LOOKING STATEMENTS Certain information set forth in this presentation, including (among other things): PetroShale's proposed development opportunities, business plans and intentions, expectations for realizing…
Advisory Statements, Contd ANALOGOUS INFORMATION: In this presentation, PetroShale has provided certain information on the production rate of a well on properties adjacent to the Company's acreage which is analogous information as defined…
Advisory Statements, Contd RESERVES DISCLOSURES. Estimates pertaining to the Companys reserves and the net present value of future net revenue attributable thereto are based upon the independent engineering evaluation of the crude oil,…
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