Head Office: MADALENA ENERGY INC. Suite 200, 707 - 7th Avenue SW Madalena Calgary, Alberta, Canada T2P 3H6 International Office: e n e r g y MADALENA ENERGY S.A. 1209 Posadas, 5th Floor inc. Buenos Aires, ARG C1011ABE…
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…
MADALENA: Corporate Highlights Market capitalization 270 mm (as at Apr. 29, 2014); Shares outstanding (Basic) 397 mm Strong Balance Sheet: Positive Working Capital, zero debt and Undrawn 13.0 mm debt facility Q4-2013 production…
EXPERIENCED FULL-CYCLE OPERATING TEAM MANAGEMENT TEAM Kevin Shaw, P. Eng., MBA President & CEO Ruy Riavitz Argentina Country Manager Previously Managing Director & Head of Energy Research at a boutique Previously E&P Manager,…
RYDER SCOTT: Unconventional Resource Report Highlights Ryder Scott conducted a resource evaluation across three of Unlocking the International Prize Madalenas blocks in the Neuquen NET CONTINGENT RESOURCES (P50 -Best Estimate)…
INTERNATIONAL ASSETS: Neuqun Basin, Argentina 3 Large Land Blocks (132,200 net Acres) Madalena blocks positioned in prime locations and surrounded by increasing industry activity Unconventional oil and gas potential on all three…
VACA MUERTA SHALE All Three 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 is…
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…
LOWER AGRIO SHALE: Curamhuele & Cortadera 225 meter thick shale within the oil generation window on the Curamhuele block Lower Agrio flowed 150 bopd without stimulation/frac at CH.x-1 Horizontal multi-stage frac potential…
MULICHINCO TIGHT SANDSTONE: Curamhuele & Cortadera YP.x-1 Mulichinco tested 10 mmcf/d + Correlation 0 A PI 200 0.2 2000 0.450 -0.150 -100 MV 50 0.2 2000 1908 KG/MT 2898 500 bpd of 51 API condensate 6 IN 16 0.2 2000 450…
BLOCK 1: COIRON AMARGO Area The North Dakota Bakken 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)…
BLOCK 1: COIRON AMARGO Focused on High Impact Horizontals & Vaca Muerta Shale Madalena 35% W.I. in 99,860 gross (34,951 net) acres COIRON AMARGO NORTE Sierras Blancas (Conventional oil sourced from Vaca Muerta shale) CAN-15(h)…
BLOCK 1: COIRON AMARGO NORTE Applying Horizontal Technology to Sierras Blancas Light Oil SIERRAS BLANCAS HORIZONTALS EXCEEDING EXPECTATIONS Focused on Four Northern Pools Currently; Pools also identified in South Very strong results…
BLOCK 2: CURAMHUELE Overview EL TRAPIAL / Narambuena Area (CHEVRON) -ET.x-2006 (Vaca Muerta) -Drilled in 2013 Madalena Operated 90% W.I. - Indications of significant liquids & gas production in 56,216 gross (50,595 net) acres - 4+…
BLOCK 3: CORTADERA Overview Madalena 37.8% W.I. & Partnered w/ 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 and tight…
DOMESTIC ASSETS: Alberta, Canada Greater Paddle River Core Area (150 Net Sections of Land) Key Resource Plays for horizontal multi-stage frac operations: Ostracod -Development - 56 net sections -Oil Nordegg -Emerging - 143 net…
GREATER PADDLE RIVER CORE AREA: Strategically Focused GREENCOURT ALBERTA MAHASKA LEAMAN NITON PADDLE RIVER WILDWOOD WEST COVE EDMONTON BIGORAY 6 miles CALGARY Madalena Lands 196 Gross Sections Multiple…
OSTRACOD OIL: Horizontal Development Project 5 Producing MVN (100% WI) Paddle River Hz Wells Depth to Ostracod 12-31 (Most Recent): On-Stream April 1, 2014 2 Husky Hz Wells 3 Husky Hz Locations Madalena Lands Expected Area of…
OSTRACOD OIL: Type Well Economics For New Horizontals TYPE CURVE ASSUMPTIONS Capital cost (M) 3,500 EUR (Mboe) 302 F&D cost (/boe) 11.61 Netback (/boe) 36.85 Recycle ratio 3.15x IP30 (Sales boe/d) 377 GOR (scf/bbl) 8600 3.7…
NORDEGG OIL & LIQUIDS-RICH GAS: Emerging Resource Play Depth to Nordegg GREENCOURT Madalena Lands Nordegg Rights PADDLE RIVER LEAMAN 179 Gross Secs. WEST COVE 80% Avg. W.I. Wildwood 15-12 Horizontal WILDWOOD 143 Net…
MADALENA (MVN TSX-V) Activity & Catalysts for Growth Argentina Assets Coiron Amargo, Curamhuele & Cortadera Blocks Balanced business strategy between production & reserves growth while working to delineate & unlock significant upside…
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…