Ltd. A Growing Pure Play Peruvian E&P Independent Investor Presentation August 2018
Investment Highlights Bretaa (100% WI) oil field is a low risk, high impact oil field Commissioning oil facilities began June 2018; fiscalized to date 40 MBO to Iquitos Refinery. Developing Bretaas Water handling equipment expected…
Corporate Overview Peru focused independent E&P company listed on the TSX-V Blocks 123/129 Talara Refinery Focused on acquisition, development and Maran Basin exploration of material oil assets in Peru Block 95 Production…
Asset Overview Current portfolio consists of high quality development & exploration assets Bretaa Oil Production Forecast(3) Bretaa (Block 95) oil development located in the Maraon basin along the Ucayali river 39.8 MMBO 2P…
Bretaa: Large Undeveloped Oil Field Large Oil Field Close to First Production 330 MMBO of OOIP(1) First production well tested 3,095 bopd, 18.5o API, from horizontal sidetrack in 2013 285MM previously invested anticipated 24.5MM…
Bretaa Field: Well Defined Low Risk Development Modern 3D seismic acquired in 2014 Simple 4 way closing anticline Good velocity control for depth conversion Five wells define structure and continuity of reservoir Consistent…
Bretaas Analog Fields Indicate Higher Recoveries Bretaa estimated recovery factor of 12% is based on data set of three wells & one core Every analog field in country has achieved 12% recovery factor (ranging from 19.1% to 41.6%(1))…
Bretaa Facilities - Going Full Circle February 2015 March 2017 May 2018 July 2018 7 Figures in US
Accelerating Opening of Existing Horizontal Well The Bretaa oil well expected to initially produce 100% crude oil, so oil production facilities were installed first to be able to open the well in June 1st at 1,000 bopd. Currently, we…
Bretaa LTT Phase: 25% Estimated Capex Savings Progress Budget Expected ACTIVITY To Date (US) (US) (%) Engineering 100% 500,000 462,200 Base Camp Maintenance and Related Construction 100% 1,500,000 1,067,300 Logistics, IT Support…
Early Production Confirmed for Iquitos Refinery Pump Station 1 Iquitos Talara Refinery San Jos de Refinery 1 4 Saramuro 2 B Bayvar Block 95 3 Bretaa Export Route 1 Initial 1,000 bbl/d being sold at Iquitos Refinery 2…
Bretaa LTT Timeline Convert 2C First production Drill second oil Commence full Close resources to 2P from existing oil development field transaction reserves well ready well development Early Oil Production (50% incremental…
Osheki Prospect Review and Marketing Progress Completed Los Angeles: 4,000 STRUCTURE MAP BOPD LTT o Have reviewed original and all processed TOP VIVIAN Fm. B 133 seismic data with help of G&G consultants SAN MATIAS Spill Point…
Corporate Summary 2-3 Year Term 5 Year Term 1. Bring Bretaa fully online in Q4 2018 1. Demonstrate Bretaas ability to achieve higher recovery factors 2. Secure WI partner and drill Osheki Prospect 2. Fully develop Bretaa oil field 3.…
Peru: Country Overview Talara Refinery: Key Market for Bretaa Oil Stable & Growing Pro-Business Country 5.9% average GDP growth over the past decade Projected 3.8% average over next two years Democratic, investment grade government…
Experienced Leadership and Board Management Board of Directors Manolo Ziga - Chief Executive Officer and Director Gary Guidry Native Peruvian with 30 years of experience in petroleum engineering President & CEO of Gran Tierra with 35…
Disclaimers Forward-Looking Information Certain information included in this presentation constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with…
Disclaimers (continued) Oil and Gas Advisories Reserves Disclosure. The reserve estimates contained herein are estimates only and there is no guarantee that the estimated reserves will be recovered. Volumes of reserves have been presented…
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