a Colombian exploration company CORPORATE PRESENTATION May 2013 www.platinoenergy.com
Corporate Highlights Coati-1 Well to Spud in June Increased W.I. in 2 Blocks Pioneer rig contracted Coati: 60% 80% after partner All services contracted farm-in Civil works on schedule Andaquies: 64% 100% Rig mobilization well…
Platino History Platino was formed as a spin out from the acquisition of C&C Energia Ltd. by Pacific Rubiales Energy Corp. Putumayo Basin 3 Blocks Middle Mag Basin 1 Block Cash 78 MM(1) Llanos Basin 5 Blocks…
Why Colombia Colombia is a globally significant energy producer Increased security efforts Policy focused on attracting Access to global energy foreign investment and trade markets Clearly defined fiscal terms Stable macroeconomic…
Proven Long-Term Track Record Platinos team has a history of delivering significant growth Avg. Production BOPD C&C History 2P Reserves(1) MMBO 14,000 20 1st company 1stprodn at Sale to Pacific prodn at IPO 18 18 Cachicamo…
Exploration Asset Overview Coati Morpho W.I.: 100%(1) W.I.: 50% Gross Acres: 61,840 Coveas Gross Acres: 51,420 Net Acres: 61,840 PANAMA Net Acres: 25,710 VENEZUELA Operator: Platino(2) Operator: Platino(2) Basin: Putumayo…
Capital Program Platino plans to spend < US20 MM testing potentially significant oil accumulations at Coati and PUT-8 Capital Investment vs. Potential Exploration Activity Profile 10 Coati PUT-8 Andaquies Morpho 2013 2014 2013…
ANH Commitments Platino has only 9 MM of net ANH committed spending remaining on its exploration blocks Coati Putumayo-8 Andaquies Morpho Baco-1 and Remaining 1 exploration well and 1 exploration well nil Morpho-1 wells Work…
Financial and Operational Snapshot Financial Net Acreage Gross Acreage Basic Shares Outstanding 68.5 MM 330,935 Options Outstanding(1) 4.0 MM 253,825 Fully-Diluted Shares Outstanding 72.5 MM 279,515 228,115 Share Price (May 22,…
2013 Planned Spending Exploration Activity Spending ( MM) Adjustments to Prior Spending Plans Coati increased by 5 MM Revised agreement increased W.I. and decreased promote payment from Canacol Budget 21 Morpho decreased by 5…
Putumayo Basin Overview Platino Blocks 50 km Putumayo Basin Producing Areas N Putumayo-8 Exploration Areas surrounded by Existing Fields Topoyaco producing fields in Santana Colombia (Platanillo Chaza Guayuyaco Azar CAG-6…
Coati Block Status Update Commentary Revised farm-in terms result in PZE increasing post earn-in working interest to 80% Coati-1 expected to spud June 2013, with results in Q3 2013 Civil works progressing on schedule 5 bridges…
Coati Block Overview Commentary Ch-1 T1V T1X Coati 1 Na-1 Play concept is a tilted oil water contact Coati One structural hydro-dynamically assisted closure in Coati-1 Further structural leads to the north Evidence of four-way…
Putumayo-8 Block Status Update Platino Block Platanillo Producing Areas Commentary Existing Fields Working through environmental permitting 3D Seismic Area process for 3 drilling locations, with planned spud date for 1st…
Putumayo-8 Block Overview Commentary U and T sands are primary targets with 40 feet of relief Shallower secondary N sand target with 30 feet of relief Some potential for shallower Pepino formation Like Platanillo, the fault is on…
Andaquies Block Overview Commentary PZE reached agreement with its Potential 3D seismic partner Canacol to take back 100% of the block Plan to seek new farm-out partner in exchange for seismic and/or drill commitment Test…
Morpho Block Overview (1) VMM 6 Commentary N Working on development plan VMM 10 VMM 9 submitted to ANH (re-open Baco-1 Las Quinchas Opon and Morpho-1 wells) COR 18 (2) Looking to swap interest in the block De Mares to a…
Corporate Information Management Board of Directors Tomas Villamil President & CEO Carl Tricoli Co-President, Denham Capital Andrs Modarelli VP Finance & Interim CFO Andrew Evans SVP, ARC Financial Corp. Tyler Rimbey VP Business…