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July 2019 AGMP Presentation – Petroshale Inc.

Petroshale Inc. · Jul 5, 2019 · 15 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. July 2019 AGMP Presentation – Petroshale Inc. – slide 1
    High Growth, Oil-Focused US Bakken Operator 2019 AGM Presentation TSXV: PSH July 3, 2019
  2. July 2019 AGMP 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. July 2019 AGMP Presentation – Petroshale Inc. – slide 3
    Operations Update and 2019 Outlook Operations Update Current production of approximately 9,500 boe/d Three Bear Chase wells brought on-line in June and currently flowing back Continuous drilling and completions program with 1…
  4. July 2019 AGMP Presentation – Petroshale Inc. – slide 4
    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…
  5. July 2019 AGMP 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. July 2019 AGMP Presentation – Petroshale Inc. – slide 6
    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…
  7. July 2019 AGMP Presentation – Petroshale Inc. – slide 7
    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…
  8. July 2019 AGMP Presentation – Petroshale Inc. – slide 8
    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…
  9. July 2019 AGMP Presentation – Petroshale Inc. – slide 9
    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…
  10. July 2019 AGMP Presentation – Petroshale Inc. – slide 10
    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…
  11. July 2019 AGMP Presentation – Petroshale Inc. – slide 11
    Acreage Quality Validated by Recent Drilling Results Antelope 11
  12. July 2019 AGMP Presentation – Petroshale Inc. – slide 12
    Acreage Quality Validated by Recent Drilling Results South Berthold 12
  13. July 2019 AGMP Presentation – Petroshale Inc. – slide 13
    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…
  14. July 2019 AGMP Presentation – Petroshale Inc. – slide 14
    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…
  15. July 2019 AGMP Presentation – Petroshale Inc. – slide 15
    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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