November 2019 HIGH GROWTH, OIL-FOCUSED US BAKKEN OPERATOR TSXV: PSH OTCQX: PSHIF
ABOUT PETROSHALE Pure-play North Dakota Bakken producer focused on high-quality acreage HIGH-QUALITY, LIGHT OIL WEIGHTED ASSETS 100% U.S. asset exposure and 73% oil weighting ACREAGE IN HEART OF BAKKEN PLAY Assets focused in most…
INVESTMENT OPPORTUNITY Stable production, reduced capex with significant free cash flow generation in 2020 Light oil weighted assets directly benefit from high torque to WTI Positioned to capitalize on stable and supportive U.S. oil and…
CORPORATE SNAPSHOT Market & Capitalization (TSXV: PSH / OTCQX: PSHIF) Q3 2019 Production Weighting Common shares outstanding 192.2 MM Insider ownership of common shares 35% Market capitalization ( 0.40/share)(1) 77 MM 13% Preferred…
Q3 2019 HIGHLIGHTS Record production and cash flow from operating activities RECORD PRODUCTION ADJUSTED EBITDA G&A PER BOE 11,467 boe/d 30.0 MM 0.98 /boe +93% vs Q2/19 +84% vs Q2/19 -50% vs Q2/19 RECORD CASH FLOW FROM…
2020 BUSINESS PLAN Shareholder accretion by generating free cash flow for debt repayment, share repurchases and acquisitions PRODUCTION INCREASE 10% 10% increase in forecast 2020 volumes relative increase to second half 2019…
TRACK RECORD OF MATERIAL PRODUCTION GROWTH Strong production growth achieved to date with future growth opportunities ahead PetroShale Average Quarterly Production 93% Production growth Oil (bbls/d): NGLs (bbls/d): Gas (boe/d)…
2018 RESERVES GROWTH AND VALUE EXPANSION Track record of low-cost reserve additions 2018 RESERVES GROWTH(1) (MMBOE) VS 2017 F&D COSTS(2) PER BOE 71% 7.82 P+P 61% 62.8 FD&A COSTS(2) PER BOE 49.2 12.94 P+P 122% P+P RECYCLE…
SIGNIFICANT DRILL BIT GROWTH OPPORTUNITY Stacked pay serves as a multiplier for drilling locations 8-9 years of drilling inventory based on current production Allocation of P+P locations by reservoir: 44% Middle Bakken 42%…
HIGH QUALITY WELL LOCATIONS Sizeable drilling inventory and acreage situated in heart of the Bakken / Three Forks PetroShale Future Net Drilling Locations(1)(2) Assumes 880 Assumes 660 Area Spacing Spacing Antelope 20.8 29.5 South…
RECENT DRILLING RESULTS VALIDATES ACREAGE ANTELOPE TYPE CURVE(1) SOUTH BERTHOLD TYPE CURVE(1) 16,000 16,000 14,000 14,000 12,000 12,000 Cumulative BOE Cumulative BOE 10,000 10,000 8,000 8,000 6,000 6,000 4,000 4,000…
MARKETING & RISK MANAGEMENT No exposure to egress issues impacting western Canadian operators Commissioning of the Dakota Access Pipeline (DAPL) in 2017 significantly narrowed WTI differentials…
COMMITMENT TO RESPONSIBILITY PetroShale is committed to upholding the highest standard of Environmental, Social and Governance criteria using our CASE principles COMMITMENT ACCOUNTABILITY SUSTAINABILITY ENVIRONMENT…
INVESTMENT OPPORTUNITY Stable production, reduced capex with significant free cash flow generation in 2020 Light oil weighted assets directly benefit from high torque to WTI Positioned to capitalize on stable and supportive U.S. oil and…
CALGARY OFFICE DENVER OFFICE PetroShale Inc. PetroShale (US) Inc. 3230, 421 7th Ave S.W. 303 E 17th Ave, Suite 940 Calgary, AB T2P 4K9 Denver, CO 80203 Phone: 403.266.1717 Phone: 303.297.1407 TSXV: PSH OTCQX: PSHIF…
Loading...
