PARAGUAY THE DELRAY PROSPECTS PIRITY CONCESSION PARAGUAY BUENOS AIRES JUNE 2019 Slide 1
ARGENTINA Analog Cretaceous Basin NW Argentina Oil Production by Formation Palmar Largo Field has accumulated over 48 million bbls of oil primarily from Yacoraite age Volcanics 3
ARGENTINA Analog Palmar Largo Proa: Examples of Production from Volcanic Fields The best recent discovery is the PROA field, part of the main Palmar Largo Structure. After drilling the PROA2 well, with an Initial Production Test…
ARGENTINA Analog Palmar Largo & Proa: High Rate and Long Life Production 500 3,000 BOPD IP Potential, Long Life Wells 21 Years 5
ARGENTINA Analog SOURCE Thickness of Puesto Guardian Mbr (source), Yacoraite Fm. No well Penetrations Delray Main Imperial Delray West Prospect Prospect Prospect Palmar Largo Contour: Depth to Top Yacoraite PROA Field…
ARGENTINA Analog MIGRATION Long Distance Migration exists Los Blancos Discovery 2019, Salta Province, Argentina % TOC Contour map* 0.5% Isopach Net Source Rock 1.0% 1.0% 0.5% *Internal Basin Modelling report prepared…
ARGENTINA PARAGUAY Comparison of Delray Prospects with Palmar Largo Palmar Largo vs. Delray Time Structure at top Yacoraite (ZC) Time Structure of Palmar Largo and Delray Structure Maps at same horizontal scale Delray Main P05…
PARAGUAY Cross Section through the Delray Main Cones Spill 3420m Seismic Time Section from 3d through the Delray Prospects Note dim/bright areas in volcanic section 9
PARAGUAY Cross Section through the Delray Prospects Cones = enhanced facies Crest 3390m Olmedo top Salt Onlapping lower Yacoraite Structural Spill 3420m Top Volcanic complex Top Volcanic complex Base of high amplitude…
PARAGUAY Internal Resource estimate Delray Complex 230 MMBO Pmean Unrisked Resources (OOIP) P50 GRV 3400m SS P05 GRV 3420m SS P50 GRV 3400m SS P01 GRV 3420m SS Depth Structure Map Top LechoVolcanics P50 GRV 3380m…