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May 2019 Corporate Presentation – Petroshale Inc.

Petroshale Inc. · May 30, 2019 · 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. May 2019 Corporate Presentation – Petroshale Inc. – slide 1
    High Growth, Oil-Focused US Bakken Operator TSXV: PSH May 2019
  2. May 2019 Corporate Presentation – Petroshale Inc. – slide 2
    About PetroShale Emerging, pure-play North Dakota Bakken light oil producer whose core assets are in the heart of prolific parts of the play Market & Capitalization CAD unless otherwise indicated PSH LAND BASE Trading symbol (TSX-V)…
  3. May 2019 Corporate Presentation – Petroshale Inc. – slide 3
    Investment Opportunity Pure-play North Dakota Bakken producer focused on top-tier acreage quality Bakken Basin features ample take-away capacity, attractive differentials and abundant service providers High torque to WTI oil prices…
  4. May 2019 Corporate Presentation – Petroshale Inc. – slide 4
    Q1 2019 Highlights Q1 2019 average production of 5,036 boe/d (84% liquids), up 52% over Q1 2018 and on a per share basis (fully diluted) grew 29% over Q1 2018 Invested 44.6MM in drilling, completions, pads, facilities and artificial…
  5. May 2019 Corporate Presentation – Petroshale Inc. – slide 5
    2018 Reserves Highlights Reserves NPV10 PDP: +122% to 12.3 MMboe +125% to 208MM TP: +61% to 49.2 MMboe +53% to 655MM 5.14 P+P NAV / basic share(1) P+P: +71% to 62.8 MMboe +73% to 851MM TP reserves per share (weighted average fully…
  6. May 2019 Corporate Presentation – Petroshale Inc. – slide 6
    Evolution of PetroShale New strategy and management team Shift from acquisition focus to acquisition and operated development phase 62,796 mboe Aug 2018 Dec 2015 Asset acquisition and Nov 2013 Significant land acquisitions…
  7. May 2019 Corporate Presentation – Petroshale Inc. – slide 7
    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…
  8. May 2019 Corporate Presentation – Petroshale Inc. – slide 8
    Reserve Quality & Concentration of Operatorship Gross Reserves(1) (MMboe) Before Tax NPV10(1) (USMM) +100% increase +100% increase 2016 (Gross Reserves P+P) 16-18 2016 (Gross Reserves P+P) 16-18 2017 2017 2018 2018 851 62.8…
  9. May 2019 Corporate Presentation – Petroshale Inc. – slide 9
    Significant Drill Bit Growth With Increased Well Density PetroShales Proved + Probable (2P) booked locations = 53.1 net PetroShales 2P booked locations by reservoir = 45% Middle Bakken, 42% Three Forks 1 and 12% Three Forks 2…
  10. May 2019 Corporate Presentation – Petroshale Inc. – slide 10
    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 23.2 31.9 South Berthold 50.8 72.3 South Mountrail 1.0 1.4…
  11. May 2019 Corporate Presentation – Petroshale Inc. – slide 11
    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 1 Year Cum (Mboe) 370 300% Antelope EUR (Mboe) 1,250 30 Day…
  12. May 2019 Corporate Presentation – Petroshale Inc. – slide 12
    Acreage Quality Validated by Recent Drilling Results Antelope 12
  13. May 2019 Corporate Presentation – Petroshale Inc. – slide 13
    Acreage Quality Validated by Recent Drilling Results South Berthold 13
  14. May 2019 Corporate Presentation – Petroshale Inc. – slide 14
    Operations Update and 2019 Outlook Operations Update Current production is approximately 6,200 boe/d; in line with guidance of 5,000-6,000 boe/d on average during the first half of 2019 Continuous drilling and completions program…
  15. May 2019 Corporate Presentation – Petroshale Inc. – slide 15
    PetroShale Marketing & Risk Management MARKETING PetroShales production is not subject to egress issues which are currently impacting Canadian operators Commissioning of the Dakota Access Pipeline (DAPL) in 2017 has eliminated the…
  16. May 2019 Corporate Presentation – Petroshale Inc. – slide 16
    Investment Summary Pure-play North Dakota Bakken light oil producer with a continuous drilling and development program Large number of high quality drilling locations with plans to execute high intensity fracs to provide material…
  17. May 2019 Corporate Presentation – Petroshale Inc. – slide 17
    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, Denver…

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