September 2013 Annual General and Special Meeting INVESTOR PRESENTATION
Corporate snapshot Management Team & TSX Venture: PFC-V Board of Directors Common Shares 79.4 MM Dr James Buckee Outstanding HSBc, PhD 52-wk trading price 0.80 0.11 high - low Donald Rae PGeol 2013 Average 367,893 shares…
PetroFrontier has achieved plenty The 50s Gas explosion in water bore Thorntonia Formation PFC in 2013 & Beyond PFC* in 2010 Frontier Play, Big Major Coup Statoil Farmin The 60s - Several Theexploration 60s - Several exploration…
Transformational challenges & success January June 2012 To align with a partner with significant experience in the unconventional space June 2012 - Binding farmin agreement signed with Statoil & 3-staged Announce fully underwritten…
Steps to realizing hydrocarbon potential Impressive drilling achievement - 3 horizontal wells in the Southern Georgina Basin are a first Baldwin-2Hst1 (EP 103) - successfully drilled o Completion program delayed due to casing failure…
Steps to realizing hydrocarbon potential Successful hydraulic stimulations completed in 2 horizontal wells; engineering (technical) has always been the principle challenge Natural fractures observed significantly influences future…
Infrastructure overview Depending on scale of development, oil production will be trucked to Alice Springs then transported via rail either north to Darwin or south to Port Bonython near Adelaide Initial smaller gas volumes will be…
Onshore Australia - A rapidly emerging sector Game-changing impact of unconventional sector; international majors are increasing their presence June 2013 Statoil - US175 MM Sept 2011 Conoco Philips - AU119.5 MM Nov 2012 Total -…
World class partner for PetroFrontier 40 years of operational experience Strong delivery across the business A focused Statoil World Class Exploration Presentation, 2013 hands-on partner Technology committed to focused safety,…
Statoil a global unconventional leader Early entry into Apply Start de-risking promising expertise and Safe, profitable jointly with exploration develop local development local leaders shale/tight play competence Reservoir…
Winning Statoil - A Major Coup Phase 1 & 2A (2013-2014) In 2013 Statoil spent US15 MM Statoil will carry the next US50 MM (cum US65 MM) on 2D seismic & high impact exploration drilling Assumed operatorship on September 1, 2013 At…
Undervalued opportunity Terms Contributed (MM) Phases (end) 1/2A (2012-2014) 2B (2015) 3 (2016) Statoil spends US80.0 US65.0 US30.0 (Cum ) (Cum 175.0 MM) Statoil Working Interest 30% 25% 25% (Cum %) (55%) (80%) Implied…
Unparalleled land base Implied Northern Territory Land Value/Acre Queensland PetroFrontier Net Acreage (Pre-Farmin) 12.2 MM Acres 2012 2014 Implied Land Value (175 MM/80%) 218.75 MM Georgina Basin 17.93 per PetroFrontier Net…
A focused play The Unconventional Lower Arthur Creek Thickness MacIntyre-2 Maturation Baldwin-2Hst1 Owen-3H Engineering has been the biggest play risk to date(1) Deep marine environment ideal for preserving organic Thickness…
Analogous basins Lithology Lower Arthur Creek - Northern Territory o Data suggests extremely carbonate-rich content of 85% with high organic content o Very low clay content…
Statoil moving forward US 50.0 MM Fully-Carried 2013/2014 Capital Program Assumed operatorship on September 1, 2013 304 km AMY Seismic program to be interpreted late Q4 Currently mobilizing a technical team of 15-20 including a 4-6…
Investment case A Major Coup Winning Statoil to join and to renew as a JV partner Farmin agreement with Statoil Australia provides a full carry of up to 175 MM of exploration and development funding Statoil assumes operatorship…
Investor Inquiries Paul Bennett President & CEO Shane Kozak VP, Finance & CFO Susan Showers Manager, Investor Relations Canada 320, 715 - 5th Ave SW Calgary, Alberta T2P 2X6 T: +1.403.718.0366 PETROFRONTIER.COM…
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