March 2020 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 Antelope Area 100% U.S. asset exposure and 76% oil weighting South Berthold Area Fort Berthold…
INVESTMENT OPPORTUNITY Stable production, reduced capex with focus on free cash flow generation in 2020 Light oil weighted assets directly benefit from high torque to WTI Not limited by egress constraints or Canadian oil pricing…
CORPORATE SNAPSHOT Market & Capitalization (TSXV: PSH / OTCQX: PSHIF) Q4 2019 Production Weighting Common shares outstanding 187.4 MM Insider ownership of common shares 36% Market capitalization ( 0.10/share)(1) 18.7 MM 12%…
Q4 2019 HIGHLIGHTS Record production and cash flow from operating activities RECORD PRODUCTION ADJUSTED EBITDA G&A PER BOE 12,173 boe/d 35.6 MM 1.03 /boe +102% vs Q4/18 +204% vs Q4/18 -63% vs Q4/18 OPERATING NETBACK REVENUE…
2020 BUSINESS PLAN Shareholder accretion by generating free cash flow for debt repayment, ESG initiatives, share repurchases and acquisitions Expected to average between 11,000 and STABLE PRODUCTION PROFILE 12,000 Boe/d in…
TRACK RECORD OF MATERIAL PRODUCTION GROWTH Strong production growth achieved to date with future growth opportunities ahead PetroShale Average Quarterly Production 102% Production growth Oil (bbls/d): NGLs (bbls/d): Gas (boe/d)…
2019 RESERVES GROWTH AND VALUE EXPANSION Track record of low-cost reserve additions 2019 RESERVES GROWTH(1) (MMBOE) VS 2018 F&D COSTS(2) PER BOE 12% 13.67 PDP 17% FD&A COSTS(2) PER BOE 70.5 107% 57.5 12.17 PDP PDP RECYCLE…
SIGNIFICANT DRILL BIT GROWTH OPPORTUNITY Stacked pay serves as a multiplier for drilling locations 10 years of drilling inventory based on 10,000 boe/d of production Allocation of P+P locations by reservoir: 40% Middle Bakken…
HIGH QUALITY WELL LOCATIONS Sizeable drilling inventory and acreage situated in Antelope Area heart of the Bakken / Three Forks South Berthold Area Fort Berthold Reservation Existing Leasehold PetroShale Future Net Drilling…
RECENT DRILLING RESULTS VALIDATES ACREAGE ANTELOPE TYPE CURVE(1) SOUTH BERTHOLD TYPE CURVE(1) Cumulative BOE produced per thousand feet of completed lateral Cumulative BOE produced per thousand feet of completed lateral 16,000…
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…
Q2 2020 HEDGES Crude Oil Volume (bo/d) % Oil Hedged Fixed Sold Put Bought Put Sold Call Three Way Collars Trade 12/6/19 1,000 13% - 45.00 50.00 65.00 Trade 12/16/19 1,000 13% - 45.00 50.00 65.05 Trade 12/17/19 1,000 13% - 46.00 51.00…
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…
OUR FIVE PILLARS OF ESG Governance & Board Oversight High level of engagement & oversight Comprehensive & diverse knowledge-base and over 170 years of combined experience in O&G management Health & Safety Environment: spills,…
INVESTMENT OPPORTUNITY Stable production, reduced capex with focus on free cash flow generation in 2020 Light oil weighted assets directly benefit from high torque to WTI Not limited by egress constraints or Canadian oil pricing…
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…
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