Corporate Update January 2013 www.brownstoneenergy.com TSX.V - BWN
Brownstone Core and Non-Core Properties USA Kokopelli Field Israel Levant Basin Colombia Llanos Basin Core Asset Argentina Non-Core Asset Neuquen Basin 2
The Brownstone Model Brownstone Energy (BWN) Diversified international oil and gas company Focused on unlocking the value of global high-impact projects Holdings World class assets in Colombia and Israel Value realization through…
Brownstone Market Overview Ownership September 30, 2012 Major Shareholders Shares % Pinetree Capital Ltd. 12,740,220 9.8 Sheldon Inwentash 4,672,275 3.6 Total Outstanding 129,794,289 100% Balance Sheet Highlights ( MM) September 30,…
Brownstone Directors Sheldon Inwentash Chairman of the Board CEO of Pinetree Capital Ltd, a diversified investment, financial advisory and merchant banking firm Over 400 investments in commodity sectors including precious metals, base…
Brownstone Management Team Sheldon Inwentash CA., LL.D. Chairman of the Board CEO of Pinetree Capital Ltd., a diversified investment, financial advisory and merchant banking firm Over 400 investments in commodity sectors including…
Brownstone Core Projects - Colombia BLOCK 21 Florena Primavera Los Aceites Cupiaga Cusiana Mani Canaguaro La Punta CANAGUARO Santiago Flami Balay BLOCK 27 BLOCK 36 Apiay Chichimene Rubiales Castilla Llanos…
Colombia - Llanos Basin Canaguaro Block CANAGUARO BLOCK Proposed Area: 97 km2 3D Seismic Date: 2006/06/12 Canaguro North Lead APO PI: Brownstone 25% (Private Quetzal * 25% Participation Condor 50% Interest) Cerex (GORR) ** 6%…
Llanos Basin Canaguaro - Canaguay Field Evaluation Program (Pending Environmental Approvals) shoot a minimum of 20 km2 of 3D seismic by Q3, 2012 drill development well by July, 2013 Los Teques Canaguay Drilled…
Llanos Basin Block 27 Flami Field Proposed Work Program - 2013 Drill development wells at Flami- 2 and Flami-3 Further evaluate Mirador, Une and Gacheta potential Closure Flami-1 Area Drilled Location Potential…
Colombia - Llanos Basin Block 21 BLOCK 21 (Original Farm-In Terms) Proposed Work Program - 2013 Area: 71 km2 Re-negotiated farm-in arrangement Date: 2009/11 GUAHIBOS Capital expenditures are now capped in Cum. Prod. 55M bbls exchange…
Brownstone Core Properties - Israel CYPRUS A (7.0 TCF) TANNIN NW (1.2 TCF) LEVIATHAN (16.0 + TCF) TAMAR (8.0+ TCF) DALIT (0.5 TCF) SE test Yitzhak Gabriella Pipelines Gas Oil Cross Section MEGED Gas Field…
Levant Basin - Oil and Gas Play Types Syrian Arc Samuel Miocene MIOCENE GAS PLAY CRETACEOUS OIL PLAY Gabriella Cretaceous Yitzhak Jurassic JURASSIC OIL PLAY Source: Noble Energy Website Schematic NW-SE Cross Section…
Levant Basin Stratigraphic Chart Eastern Mediterranean Biogenic Gas Play (Tamar, Leviathan, etc.) Zohar Shederot Syrian Arc Oil Play Barnea (Yitzhak, Gabriella, etc.) Fleischer, 2002 Israel Stratigraphic Chart with…
Syrian Arc Oil Play Strike Section South North Well did not Jurassic Oil Test Jurassic Oil Test penetrate Zohar (app. 800 BOPD) (app. 800 BOPD) Yitzhak Block Shemen Block Gabriella Block 2D Cross Section through Yam-2, Yam…
Syrian Arc Estimated Oil Resources CYPRUS A LEVIATHAN TAMAR DALIT Yam Hadera North (42 MM) Yam Hadera South (91 MM) Yitzhak 79 MM Gabriella 110 MM Gas Prospect Oil Prospect Yam (142 MM) Oil Shows Source: Samuel 33…
Gabriella License Working Interests o Drilling Operator UES (Halliburton) o Brownstone 15% o Modiin 70% o Adira Official Operator 15% (5% Farmout to THL) Drilling Contract o LOA signed with Noble Drilling to drill Gabriella-1…
Gabriella (and Yitzhak) Structures Delta-1 well (1970) Did not penetrate Jurassic target Yam Yafo-1 well (1994) Flowed 800 bopd of light oil on Jurassic test Gabriella Structure 110 MM BBLS 128 MM BOE Source: NSAI NI…
Gabriella Structure - Strike Section South North Jurassic Zohar (Target Zone) Strike Section Illustrating Closure On Top Zohar Target Horizon 22
Gabriella Structure - Dip Section West East Jurassic Zohar (Target Zone) Dip Section Illustrating Closure On Top Zohar Target Horizon 23
Gabriella Structure Faults and Fractures P- Gabriella 1 Yam Yafo 1 (Tested 800 BOPD) Zohar Formation Depth Structure Map Illustrating Orientation of Faults and Fractures 24
Gabriella Conceptual Well Design Pilot hole at 35 degrees to 5255m TVD Run sidewall cores and wireline formation tests 500-1000m horizontal sidetrack to Barnea target Case and test in horizontal section Drill Inclined Wellbore to…
Gabriella Conceptual Well Design P-Gabriella Development Well (Azimuth = 020 degrees) SSW NNE Merg Top Jurassic (Yam) -4850m Delta Top Zohar Merg Within Shderot Top Barnea Base Barnea -5200m Within Delta…
Gabriella NI 51-101 Resource Notes: MMBO = Millions of Barrels of Oil, BCF = Billion Cubic Feet of Gas (1)Contingent Resources : Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known…
Yitzhak License Working Interests o Drilling Operator AGR Energy AS (Norway) o Brownstone 15% o Ellomay 10% o Adira 70% (10% Farmout to THL) o AGR - Official Operator 5% Drilling Contract o Negotiating with Noble Drilling to…
Yitzhak (and Gabriella) Structures Delta-1 (1970) Did not penetrate Jurassic target Yitzhak Structure 79 MM BBLS 92 MM BOE Source: NSAI NI 51-101 Report 100% Gross Unrisked P50 Prospective Resource Yam Yafo-1 (1994)…
Yitzhak Structure Dip Section West East Jurassic Zohar (Target Zone) Dip Section Illustrating Closure On Top Zohar Target Horizon 30
Yitzhak Structure Faults and Fractures Delta-1 (did not penetrate Zohar) Zohar Formation Depth Structure Map Illustrating Orientation of Faults and Fractures 31
Yitzhak Conceptual Well Design Conceptual Well Design o Basis of well design in progress by operator (AGR) o Planning a vertical well to 5000m TVD Testing Program o Designed to test all Jurassic oil targets in vertical…
Yitzhak NI 51-101 Resource Notes: MMBO = Millions of Barrels of Oil, BCF = Billion Cubic Feet of Gas (1)Contingent Resources : Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known…
Samuel License Working Interests o Drilling Operator UES (Halliburton) o Brownstone 6.75% o Pinetree Capital 10% o Geoglobal Resources 42% o Adira/GGR Official Operator 41.25% Drilling Contract o Operator negotiating with Atwood…
Samuel Structure Top Cretaceous Reef Top Jurassic Reef Structure Top Cretaceous Reef C.I. = 100m Inline 1139 35
Samuel Structure Faults and Fractures Cretaceous Reef Depth Structure Map Illustrating Orientation of Faults and Fractures 36
Samuel NI 51-101 Resource Notes: MMBO = Millions of Barrels of Oil, BCF = Billion Cubic Feet of Gas (1)Contingent Resources : Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known…
Levant Basin Israel - Conclusions The Levant Basin is a globally significant petroleum province evidenced by Noble Energys recent major gas discoveries Brownstone and partners are strategically positioned on the Syrian Arc trend…