Vaca Muerta Pure Play - Gearing Up for Development of Unconventional Shale Oil and Gas November 2014 1
Opportunity Azabache has secured a land package comprising of 2 blocks with an aggregate of more than 124,000 acres land in the Neuqun Basin; Recently drilled and tested a well in the Covunco Norte Sur Block confirming oil flow from…
Overview Who is Azabache Energy Inc. Where does the Company operate What assets What is the prize 4
Who is Azabache Energy Inc. Azabache Energy Inc. is a Tier 2 company listed on the TSX-V; The Company is a Canadian incorporated company founded Sept. 21, 2005; The Company has interests in 3 properties in Argentina and 2 in…
Organizational Chart AZABACHE ENERGY INC. Canada Colombia Argentina 100 % 100 % G&P Colombia ARGENTA ESQUISTOS Provincial Branch ENERGIA S.A. DEL SUR S.A. Company OPERATOR OPERATOR 23.76 % CARRIED 66.24 % 10 % 100 %…
Board of Directors GLENN VAN DOORNE - CHAIRMAN OF THE BOARD 37 years of experience worldwide, former COO of Solana Resources Ltd., acquired by Gran Tierra Energy Inc. Previously vice-president Exploration and Development of Hurricane…
Management Team MARC BOUCHARD - CHIEF FINANCIAL OFFICER 34 years of international experience in finance and accounting. Graduate of McGill University in Economics and Finance. Chairman of Toll Cross Securities Inc. Previously, held both…
History (I) 2006 Initial development of Loma El Divisadero block; 2007 Obtain Covunco Norte y Sur Block as well as El Corte block; 2008 - Confirms oil flow at Loma El Divisadero; 2009 Confirms gas production at OA-x1 well in…
History II - Majors interest in AZAs assets Prior to Decree 1277, (July 2012), in consideration for a 60% Working Interest (WI) and the operatorship of the Covunco and El Corte JVs ( 25% AZA, 15% G&P), a Major Company (the Major)…
Capital Through 2012, the Company raised 72.5 M through the issuance of 124.5 M shares; Market cap of 130 M prior to the Repsol nationalization; Stock price dropped from a high of 1.05 to 0.185 after the Repsol nationalization and…
Current Operations and Plans Operational focus is on Vaca Muerta; elects Currently have entered into exclusive arrangement to sell Colombian assets. The exclusivity expires November 26th; Company has streamlined operating costs and…
Neuquen Basin Potential Vaca Muerta Shale U.S. Energy Intelligence Agency (EIA) report places Argentina (Vaca Muerta Fm in Neuquen Basin as the main source) as the 3rd largest recoverable shale gas resources in the world (774…
Azabache Leverage in the Neuquen Basin Covunco Norte-Sur and El Corte Blocks Best Ranked Shale Oil Acreage: 275 km2 Operates and owns 90% Covunco WI in both blocks with GYP El Corte Norte Sur (the provincially owned Co.) having a…
Cvo.x-2 Hydraulic Frac Parameters and Results 13 3/8 52 m 9 5/8 466,8 m Cement Top 650 m OIL FLOW Maximum Natural Flow: 100 bbls fluid , 24 bbls of 37 API light oil with a 2,200 scft/bbl GOR . OVERPRESSURE Static reservoir…
Short-Medium Term Goals INCREASE PRODUCTIVITY Produce CVOx2 well with artificial lift Fracture and re-fracture existing wells Acquire up to 306 km2 3D seismic data Optimize drilling and completion WELL CONSTRUCTION COST…
2.5 - Year Work Program (59 MM) Cvo x-2 well test & initial production 0.6 MM 306 sqkm Seismic acquisition and processing 9.5 MM 3 drilled & fracked vertical wells 32.5 MM 2 unconventional re-fracks. 12.0 MM G&A 4.4 MM total 59.0…
Summary Large land package, 90% owned and operated; Proved Oil Production with 6.7 B bbls of Oil in Place; Large resource package with recovery factor of 3 to 7%; Infrastructure available - idle pipelines, roads, service…
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