Explore. Find. Develop. GROW. Acquisition of Suroco Energy Inc. Conference Call Presentation April 29, 2014 TSX-V: PTA TSX-V:PTA 1
Acquisition of Suroco Suroco, listed on the TSX Venture Exchange (TSX-V:SRN), is a Colombia focused E&P company with operations the Putumayo Basin Acquisition Summary Acquisition to be completed by way of Plan of Arrangement…
Strategic Rationale Significant first step towards expanding and diversifying Suroco 2013 GLJ Reserves Growth & Petroamericas portfolio by acquiring four blocks focused in the Light & Med Oil Before Tax Diversification Putumayo…
Second Core Focus Area to Add to the Llanos 9 Block portfolio of more than 778,000 gross acres in the two most prolific Basins of Colombia LLA-10 El Porton Los Ocarros El Eden Balay Llanos Put 2 Alea 1947 Alea…
Strategic Entry Point into the Putumayo Basin Block Working Interest X Factor Gross Acres Net Acres Operator Suroriente 15.8% 0% 90,263 14,262 CCE* N sand play developed in northern Alea 1848A 50% 0% 75,614 37,807 Vetra Ecuador…
Quinde West Discovery Unbooked Reserve Upside Suroco applied its learnings from Cohembi to Quinde West Discovery identify and discover Quinde West 25.3 mmbbls Discovered OIIP GLJ 2013: 0.16 MMbbl probable reserves W.I. before royalty…
Significant Exploration Running Room Surocos blocks have 11 defined prospects with P50 W.I. prospective resource of 16 MMbbl and 23.8 MMbbl of P50 W.I. leads2 Suroco Prospects & Leads (100% W.I.) Cedrillo Leads Canelo Sur 2 Prospect…
Maintain Strong Balance Sheet to Fund Future Growth As of March 31, 2014, Petroamerica held a cash 2014 Drilling Program balance of 95 MM Well Working 2014 Block Well Type Interest Q2 Q3 Q4 On closing, Petroamerica expects to have a…
Increasing the Scale of Petroamericas Business The transaction provides the step-change Petroamericas management has been in search of March 2014 Avg. W.I. Oil Production 2014E After Tax Cash Flow from Operations1 Land and Blocks…
Closing the Valuation Gap Potential for the market to revalue the combined company room for share price appreciation as the Peer Group trades at a significant premium on key valuation trading metrics 2014E Avg. W.I. Production…
Key Attributes of the Combined Company Interests in nine E&P contracts focused on high netback light and medium oil exploration and production in the Llanos and Putumayo Basins in Colombia Exposure to the prolific N Sand oil play in…
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