High Growth, Oil-Focused US Bakken Operator 2019 AGM Presentation TSXV: PSH July 3, 2019
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)…
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…
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…
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…
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…
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…
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…
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…
Acreage Quality Validated by Recent Drilling Results Antelope 11
Acreage Quality Validated by Recent Drilling Results South Berthold 12
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…
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…