Investor Presentation August 2019 A Peru Focused Oil Company Delivering production growth and high impact exploration Ticker TSXV: TAL AIM: PTAL 0
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PetroTalOil Company With Production Growth A balanced portfolio with ongoing production growth & high impact exploration London AIM and TSX-V listed Peruvian oil company Company Overview Ecuador Colombia Strong balance sheet with no…
Peru: Country Overview Talara Refinery: Key Market for Bretaa Oil Stable & Growing Pro-Business Country 5.9% average GDP growth over the past decade Projected 3.8% average over next two years Democratic, investment grade government…
Portfolio Overview A balanced portfolio with ongoing production growth & high impact exploration Bretaa (Block 95) (100% WI) 17.9 MMBO 1P reserves(1) from OOIP of 199 MMBO (9% RF) 39.4 MMBO 2P reserves(1) from OOIP of 330 MMBO (12%…
Bretaa: Large Oil Field Under Development Large oil field with production growth ongoing 100% oil production with nominal gas First production as of June 2018, ahead of schedule and under budget Full field EIA approved for continued…
Bretaa Processing Capacity Phases for 2P Case LTT 5KBOPD & 9KBWPD CURRENT CPF1 10KBOPD & 40KBWPD TO BE INSTALLED DECEMBER 2019 CPF2 20KBOPD & 80KBWPD TO BE INSTALLED LATE 2020 CPF3 20KBOPD & 120KBWPD 6
Bretaas Development From One Location 7
Bretaa Field: Limited Number of Wells Needed(2) Seven wells now define structure and continuity of reservoir Consistent correlations across the field No variation in petrophysical properties Latest 2XD well net pay of 18.7 meters,…
Schematic Structural Cross Section Bretaa Field Bretaa Oilfield is 15 km long Envidia Prospect with 5.6 MMBO(2) of Mean Prospective Resources Bretaas OOIP (*) OOIP NSAI (1) 1P 199 MMBO 2P 329 MMBO 3P 500 MMBO (*) OOIP =…
Bretaa Detailed Structural Cross Section NW BN-3D BN-2XD BN-1 BN-1XD B SUR-1X SE 400 m 717 m 785 m 6437 m OWC -2609 m Cross Section Shows Continuity of Vivian Formation and Excellent Oil Sands in 1WD Well 10
Optimum Bretaa Production Plan 12,000 Commissioning 3WD Expected Well Completion Third Week Nov All Wells CPF1 2XD: mid-April 3D: mid-June 10,000 2WD: mid-July 2XD-ST+4H+1XD 1WD(wo): August 4H: October 2XD-ST: mid-November…
Bretaas Analog Fields Point to Higher Recoveries Bretaa estimated 2P recovery factor of 12% is based on data set of three wells & one core drilled by the previous operator Analog field in region have achieved 12% recovery factor…
Export Route Optionality for Bretaa Oil 1. Iquitos Refinery (1,200 bopd): barging with delivery in 3 days. Ecuador Colombia 2. Bayovar Port (20,000 bopd, to reach Talara Refinery, La Pampilla Refinery in Lima, or export markets): a.…
Operating Netbacks are Robust at Current Prices At current production of 5,000 bopd Assumes Brent at: 60 Less quality discount: 7 Less Royalty 5 percent: 2.50 Less Opex/transport + lifting cost: 22 OPERATING NETBACK: 28.50…
Block 107 - Osheki Prospect Farm Out Process Ongoing Potential Resource Osheki Structure is a sub-thrust play similar to Cusiana complex in the Llanos Foothills of Colombia Mean Estimate Unrisked prospective resources of 534 MMBO 2-D…
Committed to Developing the Communities We Serve 7 full time CSR CSR Team Engaged with Local Communities Rebuilding Identity of Indigenous employees Communities In Block 95 at Bretaa with 2,000 inhabitants, as well as the 18…
Investment Summary 1 Bretaa field development plan provides for rapid production and associated cash flow growth Current production 5,000 bopd 5,000 bopd achieved as expected in June 2019 Ramping up to 10,000 bopd once additional…
Disclaimers Forward-Looking Information Certain information included in this presentation constitutes forward-looking information under applicable securities legislation. Forward-looking information typically contains statements with…
Disclaimers (continued) Oil and Gas Advisories Reserves Disclosure. The reserve estimates contained herein were derived from a reserves assessment and evaluation prepared by Netherland Sewell & Associates, Inc. (NSAI), a qualified…
Disclaimers (continued) BOE Disclosure. The term barrels of oil equivalent (BOE) may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet per barrel (6Mcf/bbl) of natural gas to barrels of…
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