May 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 with 71% oil weighting and 86% liquids weighting South Berthold…
INVESTMENT OPPORTUNITY High-quality asset base supports positive cash flows even at depressed commodity prices Light oil weighted assets offer high torque to WTI prices o Track record of production growth, with significant upside…
CORPORATE SNAPSHOT Market & Capitalization (TSXV: PSH / OTCQX: PSHIF) Q1 2020 Production Weighting Common shares outstanding 187.6 MM Insider ownership of common shares 36% Market capitalization ( 0.16/share)(1) 30.0 MM 14%…
Q1 2020 HIGHLIGHTS Significant year-over-year growth across key metrics PRODUCTION REVENUE LIQUIDS WEIGHTING 14,275 boe/d 49.1 MM 86% +183% vs Q1/19 +130% vs Q1/19 +2% vs Q1/19 ADJUSTED EBITDA OP COSTS + WORKOVER G&A PER BOE…
COVID-19 RESILIENCY Quick and decisive action to protect the business & employees Protect the business and well-being of all employees and contractors while maintaining safe operations and business continuity Introduced measures and…
2020 BUSINESS PLAN Shareholder accretion by focusing on additional cost efficiencies, enhanced margins and prudent spending Evaluating potential production shut-ins to preserve long-term value STABLE PRODUCTION PROFILE 2020…
TRACK RECORD OF MATERIAL PRODUCTION GROWTH Strong production growth achieved to date with significant upside potential for price recovery PetroShale Average Quarterly Production 183% Production growth 16,000 Oil (bbls/d): NGLs…
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 locations by reservoir: 40% Middle Bakken 41%…
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…
MARKETING & RISK MANAGEMENT No exposure to egress issues impacting western Canadian operators Current Bakken differentials narrowed to nil/bbl to 3.00/bbl, reflecting regional production shut-ins Commissioning of the Dakota Access…
2020 HEDGES Crude Oil Volume (bo/d) Fixed Sold Put1 Bought Put1 Sold Call1 Three Way Collars Apr 1 Jun 30, 2020 1,000 - 45.00 50.00 65.00 Apr 1 Jun 30, 2020 1,000 - 45.00 50.00 65.05 Apr 1 Jun 30, 2020 1,000 - 46.00 51.00 66.00…
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 High-quality asset base supports positive cash flows even at depressed commodity prices Light oil weighted assets offer high torque to WTI prices o Track record of production growth, with significant upside…
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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