Head Office: MADALENA ENERGY INC. Suite 200, 707 - 7th Avenue SW Calgary, Alberta, Canada T2P 3H6 International Office: MADALENA ENERGY S.A. 421 Lola Mora, 13th Floor Buenos Aires, ARG C1011ABE www.madalenaenergy.com MVN (TSX-V) MDLNF…
READER ADVISORIES Coiron Amargo Discovered Petroleum Initially In Place (1) (net to Madalena) Coiron Amargo Undiscovered Petroleum Initially In Place (1) (net to Madalena) Oil, NGLs and Natural Gas at December 31, 2012 Oil, NGLs and…
READER ADVISORIES Notes To Disclosure of Resources: (1) Total Petroleum Initially In Place means DPIIP + UPIIP. When calculating DPIIP, there is no material production or reserves associated with these properties. Contingent resources…
STRATEGIC & TRANSFORMATIONAL DEAL GTE Argentina Transaction JULY 2014 6
GTE ARGENTINA ACQUISITION: Terms Madalena Energy Inc. (MVN) buying two companies and their subsidiaries. TRANSACTION STRUCTURE Former Petroliferia Petroleum Ltd. Argentina assets and Gran Tierra Energy Inc. (GTE) Argentina assets.…
GTE ARGENTINA ACQUISITION: Rationale HIGHLY ACCRETIVE on all metrics TRIPLES CURRENT PRODUCTION Production increases to 4,900 Boe/d based on field estimates (72% Oil & NGLs) STRENGTHENS FUNDS FLOW Immediate expected cash flow of…
PRO FORMA SUMMARY: Capitalization Trading Symbol- TSXV: MVN Common Shares 396,885,731 Issued per financing 98,100,000 Issued to GTE 29,831,537 Total Issued and Outstanding at Closing 524,817,268 Options (In-the-money)…
PRO FORMA SUMMARY: Reserves, Land & Resources MADALENA PRO FORMA ASSET ACQUISITION MADALENA 1 ACQUISITION ADJUSTMENTS PRO-FORMA ACCRETION/DILUTION PROVED -Dec 31, 2013 OIL & NGL (Mbbls) 1,350 4,248 (612) 4,986 182% GAS (MMcf) 8,032…
PRO FORMA SUMMARY: Production & Financial MADALENA PRO FORMA ASSET ACQUISITION MADALENA 1 ACQUISITION PRO FORMA ACCRETION/DILUTION Production (Boe/d) -Management Est at 1,600 3,300 4,900 134% Closing Q1 2014 Operating…
PRO FORMA SUMMARY: Asset Base by Block ASSET BASE AVERAGE ADJUSTED PRODUCTION OIL & NGLs AREA (Block) ACREAGE WORKING ASSET FOCUS 2P RESERVES (Boe/d) INTEREST (Dec. 31, 2013 MBoe) Conventional & Coiron Amargo 34,951 550 80% 35%…
MADALENA ASSET POSITIONING: A Balanced and Strategic Approach 4,900 Boe/d (72% oil) Pro Forma on closing Expected growth to 5,500 6,000 Boe/d in 12 - 18 months in addition to Solid Production Base continued delineation & prove-up of…
FULLY FUNDED TO ADD VALUE: Conventional and Unconventional Assets Cash Flow and Financial Flexibility Post-Closing Stable, mature production base for reinvestment Estimated 20% decline profile on Pro forma assets Annual cash flow of…
PRO FORMA MADALENA Asset Portfolio GTE Argentina Current Madalena JULY 2014 15
CURRENT MADALENA: Highlights Current Conventional production of 1,600 Boe/d in Argentina and Canada funding the Delineation and Prove- up of Unconventional Resources in the Neuquen basin, Argentina Neuquen Basin Unconventional…
GTE ARGENTINA: Asset Summary Overview Overview of Gran Tierra position Gran Tierra currently holds interests in 11 exploration and production Operated (Exploration) Santa Victoria Operated (Exploitation) contracts in Argentina…
SURUBI / PALMAR LARGO: Conventional Oil Upside Overview GTE was granted a 10 year contract extension until August 17, 2026 at Surubi El Chivil Palmar Largo GTE is the operator at Surubi with 85% W.I Dec. 31, 2013 W.I. 2P reserves…
PUESTO MORALES / RINCONADA: Stable Oil Production & Growth via Horizontals, Infill Drilling & EOR Programs Overview Puesto Morales contract was effective since Operated (Exploration) January 22, 1991, has an exploitation phase of…
VALLE MORADO: Significant Structure - Confirmed Gas Overview GTE is the operator with 97% W.I. The contract for this block expires in 2034 with no outstanding work commitments remaining VM-1001(ST) well was drilled in 1997 and…
NEUQUEN BASIN ASSETS: Coiron Amargo, Curamhuele and Cortadera Blocks 3 Large Land Blocks (132,200 net Acres) Madalena blocks positioned in prime locations and surrounded by increasing industry activity Unconventional oil and gas…
RYDER SCOTT: Unconventional Resource Report Highlights - Neuquen Basin Assets Ryder Scott conducted a resource evaluation across three of Unlocking the International Prize Madalenas blocks in the Neuquen NET CONTINGENT RESOURCES (P50…
VACA MUERTA SHALE: All Three Neuquen Basin Blocks Vaca Muerta Shale: Thickness 500m Progressively deeper & thicker from east to west in the basin Thickness 1000m with the inclusion of the overlying Quintuco Madalena expects that the…
VACA MUERTA VS US SHALES: Comparison m 0 250 500 Shale Thickness 750 1,000 Oil Shales Gas Shales Vaca Muerta Shale Vaca Muerta Shale Madalenas Coiron Madalenas Cortadera Shale Comparisons Amargo Area Eagle Ford…
BLOCK 1: COIRON AMARGO Area The Eagle Ford of the Neuquen Basin Feb. 7, 2012 (Reuters): YPF discovers 1 billion Boe at Loma La Lata Petrobras Argentina / Total SA announce new Vaca Muerta over 428 km2 area (5.6 MMBoe/section) in the…
BLOCK 1: COIRON AMARGO NORTE Applying Horizontal Technology to Sierras Blancas Light Oil SIERRAS BLANCAS HORIZONTALS EXCEEDING EXPECTATIONS Currently Focused on Four Northern Pools Very strong results on CAN-15(h) test and initial…
BLOCK 2: CURAMHUELE Overview Chihuido de la Sierra Negra Madalena Operated 90% W.I. Chevron / YPF in 56,216 gross (50,595 net) acres US 140 mm JV Apr. 10, 2014 (BA Herald) 56,216 Gross Acres Madalena expects oil and liquids-rich…
CURAMHUELE: Significant Recent Offsetting Activities Offsetting activity by leading international EL TRAPIAL (CHEVRON) YPF Drilling Vaca Muerta operators including ExxonMobil, YPF, and Lower Agrio Shales -ET.x-2006 (Vaca Muerta)…
BLOCK 3: CORTADERA Overview Madalena 37.8% W.I. -Partnered with Apache/YPF in 123,503 gross (46,657 net) acres Recent multi-year block extension executed CorS.X-1 deep, high pressure, test cased to 4,500m for unconventional shale…
DOMESTIC ASSETS: Alberta, Canada ALBERTA EDMONTON CALGARY Greater Paddle River Core Area (150 Net Sections of Land) Potential for Strategic Joint Venture Partnerships 3 Key Resource Plays for horizontal multi-stage frac…
MADALENA (MVN TSX-V): Balanced Value Creation Argentina Assets 14 Blocks with Conventional & Unconventional Opportunities PRODUCTION AND RESERVES GROWTH VIA CONVENTIONAL DEVELOPMENT Coiron Amargo -Drilling high-impact horizontal…
APPENDIX 1: EIA - Argentinas Shale Potential June 2013 EIA Released Updated World Shale Oil & Gas Assessment Argentina has 4th largest technically recoverable shale oil resource in the world Behind only Russia, USA & China 3X…
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