August 2018 PetroShare Corp. (OTCQB:PRHR) Corporate Presentation
Forward Looking Statements & Key Statistics PetroShare Corp. (PetroShare) cautions that this presentation (along with oral commentary that accompanies it) may contain certain forward looking-statements that involve substantial risk and…
Asset Overview 3
Core Wattenberg Operator 34,000 gross acres /10,000 net acres in a proven play Executing on a Recipe for Success 4
Stacked Pay and Pad Development The Wattenberg Field in the DJ Basin has emerged as one of the premier horizontal shale plays in the US 34,000 gross acres /10,000 net acres representing 250 gross and 114 net horizontal Niobrara /…
Southern Core - Wattenberg Sweet Spot* Primary Horizontal Targets Niobrara A Chalk Niobrara B Chalk Niobrara C Chalk Codell Sandstone Runway Area Todd Creek Farms Area South Brighton Area Operated Units Gas Gathering…
Operations Update 7
Todd Creek Farms Southern Wattenberg Focus Area 4,000 gross (1,400 net) acres; Robust Horizontal Drilling and Permitting Activity 14 Gross Operated wells (5.75 net) producing/turning in line in Aug/Sept 2018 Approx. 116 Gross Non-Op WI…
Facilities Minimum footprint for Adams County & future neighborhoods Good pipeline and takeaway capacity Sized for 9600 bfpd total Facility design accommodates well level testing and allocation Temporary skid mounted separators for…
South Brighton 3,000 Net Acres In the Southern Wattenberg Core Newly Active Horizontal Area New Midstream Oil PetroShares Operated DSUs, 96 Permits Submitted or in Process, Which Include all 3 Benches of the Niobrara and and Gas…
Runway Area Southern Core Area Over 5,000 Net Acres in the Southern DJ Basin Extensive Hydrocarbon Saturation in Tight Sand Reservoirs Access to New 3D Seismic Data to Determine Additional Locations Approx. 40 Gross (14 net)…
Northern Wattenberg Leasehold Approx. 800 Net Acres in 7N 63W with up to 36 potential gross Horizontal Niobrara & Codell Locations OUTRIGGER GATHERING LINE (based on 12 wells per 1,280 acre XRL drilling spacing unit*) New…
Corporate Highlights and Financial Results 13
Corporate Timeline: Track Record of Execution Successful Growth Reaching 10,000 net acres in the DJ Basin Since IPO in 11/2015, with focus in the Wattenberg Field Q3 2018 Q1 2018 Operated 10/2017 Closed on Horizontal 4.7mm 25mm…
Production History and Forecast 2,800-3,300 3500 BOE/D est.* 3000 2500 BOEP/D 2000 1,300-1,500 BOE/D est.* 1500 1,063 BOE/D 1000 680 BOE/D 500 0 Q1 2018 Q2 2018 Q3 2018 est. Q4 2018 est. *Production estimates…
Economic Metrics 2018 Estimated Finding and Development Costs Mono-bores and Longer Laterals are Key to Improving F&D Standard- Extended- Range Laterals Range Laterals (1 mile) (2miles) Target Zone Exposure (feet) 4,400 9,000…
2017 Year End Proved Reserve Results Summary* 7.9 M BOE at 12/31/17 25% Increase Over 12/31/16 PetroShare Corp. Summary of Proved Reserves as of December 31, 2017 Proved Proved Developed Proved Developed Not Producing Undeveloped…
Summary Highlights DJ Basin Pure Play Company with Focus on High Rate of Return Wattenberg Acreage Attractive, Low-Risk Growth Potential in Areas with New Oil & Gas Pipeline Takeaway Capacity Long-Standing Partnerships Provide…
Appendix 19
Corporate Highlights Focused operations in one of North Americas most economic oil and liquids rich plays 34,000 gross acres /10,000 net acres representing 250 gross and 114 net standard length 1 mile horizontal Niobrara / Wattenberg…
Management Team Bill Conrad, Chairman Over 20 years of experience as an executive or director of oil and gas companies Former director of Synergy Resources Corporation, a publicly traded oil and gas company, with securities listed on…
Management Team Paul Maniscalco, CFO Over 20 years of senior management experience in auditing, accounting and financial reporting Former interim Chief Financial Officer of Earthstone Energy Inc. and former interim Chief Financial…
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