CORPORATE PRESENTATION NOVEMBER 2013 WWW.PETROBANK.COM TSX: PBG
CAUTIONARY STATEMENTS Statements in this presentation may contain forward-looking statements, including managements assessment of future plans, results from operations, expectations of future production and capital expenditures, future…
A PROVEN STRATEGY Petrobanks proven corporate strategy remains the same: Acquire assets at an early stage of development Develop/produce assets using innovative technology to create superior value Distribute business units to…
GO FORWARD PLAN FOR PETROBANK Eliminate the negative field operating netbacks at Kerrobert by mid-2014 Increase production Reduce operating costs Suspend operations if we cannot achieve at least break-even field netback Evaluate…
KERROBERT THAI PROCESS SUMMARY Kerrobert: What we have 3D Cross-Section of the THAI Process THAI Process Description 1. Horizontal production wells 2. Vertical air injection wells near the 6 toe of the horizontal wells 3. Air…
KERROBERT EXPANSION WELLS AND Kerrobert: What we have PAD LOCATIONS Waseca Channel Trend Air injection well Toe of Production well Multi-THAI injection well PETROBANK TSX: PBG CORPORATE PRESENTATION 6
KERROBERT PRODUCTION Kerrobert: What were doing 7-Day Rolling Average Daily Air Injection, Production and Wells on 1,600 Production 24 Average Wells on Production 22 Oil Production 1,400 Air injection: e3m3 per day and liquids…
KERROBERT PLANS Kerrobert: What were doing Decision has been made to eliminate the negative field operating netback at Kerrobert by mid-2014 Invest a small amount of money on ideas that can increase production Analyze opportunities…
Kerrobert: GLOBAL TECHNOLOGY FOOTPRINT Why it matters Global intellectual property portfolio with patents and patents pending in 32 countries 1 trillion barrels of oil 100 billion barrels of oil 10 billion barrels of oil…
Kerrobert Trend SASKATCHEWAN HEAVY OIL ASSETS Lands: What we have FOCUSED ON KERROBERT CORE AREA R25 R23 Petrobank lands N. Luseland Kerrobert THAI project Luseland Proved plus probable plus possible THAI reserves of 5.4…
SASKATCHEWAN HEAVY OIL ASSETS PRIMARY PRODUCTION & FUTURE THAI PROJECTS R25 R23 Primary wells Petrobank lands N. Luseland Kerrobert THAI project Future THAI projects Luseland Opportunistically pursue primary production One…
DAWSON (31.5 SECTIONS) Dawson: What we have THAI demonstration PBG Land project area Channel Area 2P reserves of 1.2 MMbbls in channel lands (primary, non-THAI) Best estimate contingent resources: 58.3 MMbbls Exploitable…
Dawson: DAWSON OPPORTUNITIES What were doing and why it matters We have received regulatory approval to initiate two Cyclic Steam Stimulation (CSS) cycles at our two Dawson THAI wells Currently preparing surface facilities Expect…
Archon: ARCHON TECHNOLOGIES What we have, what were doing and why it matters Archons laboratory facility and research scientists add both immediate and long term value Monitoring, evaluating and enhancing existing operations and…
2013 CAPITAL EXPENDITURES 2013 Q3 and Q4 Capital Expenditures Strong balance sheet with financial flexibility Dawson, 4 MM Kerrobert THAI 59.9 million of positive net working capital at and primary production, September 30 and no…
ATTRACTIVE INVESTMENT OPPORTUNITY Petrobank trades at our estimated year-end 2013 value of working capital with no value given to our heavy oil assets or technology upside Estimated Value Conservative Target/Upside Working capital…
PETROBANKS LONG TERM VALUE PROPOSITION An investment in Petrobank today exposes shareholders to unrealized value in our: Strong balance sheet Reserves and contingent resources THAI upside and evolving technologies Technical team…
CONTACT Petrobank Energy and Resources Ltd. 3000, 525 8th Avenue SW Calgary, AB, T2P 1G1 403.750.4400 WWW.PETROBANK.COM TSX: PBG
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