CORPORATE PRESENTATION APRIL 2014 WWW.PETROBANK.COM TSX: PBG
CAUTIONARY STATEMENTS Statements in this presentation may contain forward-looking statements, including managements assessment of future plans, results from operations, expectations of future production and capital expenditures, future…
A PROVEN STRATEGY Petrobanks proven corporate strategy remains the same: Acquire assets at an early stage of development Develop/produce assets using innovative technology to create superior value Distribute business units to…
GO FORWARD PLAN FOR PETROBANK Eliminate the negative field operating netbacks at Kerrobert by mid-2014 Increase production; testing steam co-injection at one well in near future Reduce operating costs Suspend operations if we cannot…
STRATEGIC COMBINATION WITH TOUCHSTONE Petrobank and Touchstone Exploration have announced a strategic combination by way of a plan of arrangement Touchstone shareholders will receive 0.471 Petrobank shares for each Touchstone share…
STRATEGIC COMBINATION WITH TOUCHSTONE Petrobank board of directors have unanimously recommended that Petrobank shareholders approve this transaction Information circular has been filed on SEDAR Petrobank shareholders will vote on…
DESCRIPTION OF TOUCHSTONE EXPLORATION ONSHORE OFFSHORE Eleven (11) Producing Properties Two (2) Exploration Blocks Average Working Interest 91% Average Working Interest 26.1% 10,205 Working Interest acres 5,310 Working Interest acres…
TOUCHSTONE PRODUCTION AND RESERVES PETROBANK TSX: PBG CORPORATE PRESENTATION 8
BENEFITS OF THE TOUCHSTONE COMBINATION To Petrobank shareholders: Exposure to a large resource base in Trinidad and Tobago with significant development potential through application of WCSB production technologies Utilizes Petrobank…
TOUCHSTONE DEVELOPMENT INVENTORY Just scratching the surface Gross Current Producing Total Potential Volumes Risked Upside Risked Capital Acres wellbores wells Locations (bbls/d) Reserve Potential Un-Risked (MM) (mbbls) Forest (Core…
CHARACTERISTICS OF PRO FORMA COMPANY Production of 2,000 bopd (1,700+ bopd from Trinidad, 300+ bopd from Canada) Potential to add significant Trinidad production via low risk workovers, reactivations and drilling at attractive…
KERROBERT THAI PROCESS SUMMARY Kerrobert: What we have 3D Cross-Section of the THAI Process THAI Process Description 1. Horizontal production wells 2. Vertical air injection wells near the 6 toe of the horizontal wells 3. Air…
KERROBERT EXPANSION WELLS AND Kerrobert: What we have PAD LOCATIONS Waseca Channel Trend Air injection well Toe of Production well Multi-THAI injection well PETROBANK TSX: PBG CORPORATE PRESENTATION 13
KERROBERT PRODUCTION Kerrobert: What were doing 7-Day Rolling Average Daily Air Injection, Production and Wells on 1,800 Production 24 22 1,600 Average Wells on Production Air injection: e3m3 per day and liquids production:…
KERROBERT PLANS Kerrobert: What were doing Decision has been made to eliminate the negative field operating netback at Kerrobert by mid-2014 Expect to initiate test of steam co-injection at one air injection well in the near future…
Kerrobert: GLOBAL TECHNOLOGY FOOTPRINT Why it matters Global intellectual property portfolio with patents and patents pending in 32 countries 1 trillion barrels of oil 100 billion barrels of oil 10 billion barrels of oil…
Kerrobert Trend SASKATCHEWAN HEAVY OIL ASSETS Lands: What we have FOCUSED ON KERROBERT CORE AREA R25 R23 Petrobank lands N. Luseland Kerrobert THAI project Luseland Proved plus probable plus possible THAI reserves of 2.6…
SASKATCHEWAN HEAVY OIL ASSETS PRIMARY PRODUCTION & FUTURE THAI PROJECTS R25 R23 Primary wells Petrobank lands N. Luseland Kerrobert THAI project Future THAI projects Luseland Opportunistically pursue primary production Two…
DAWSON (31.5 SECTIONS) Dawson: What we have THAI demonstration PBG Land project area Channel Area 2P reserves of 1.4 MMbbls in channel lands (CSS & primary production) Best estimate contingent resources: 58.0 MMbbls…
Dawson: DAWSON OPPORTUNITIES What were doing and why it matters We have received regulatory approval to initiate two Cyclic Steam Stimulation (CSS) cycles at our two Dawson THAI wells Initiated the steam cycle at one of the two…
Archon: ARCHON TECHNOLOGIES What we have, what were doing and why it matters Archons laboratory facility and research scientists add both immediate and long term value Monitoring, evaluating and enhancing existing operations and…
STRONG WORKING CAPITAL Strong balance sheet with financial flexibility 51 million of positive net working capital at December 31 and no debt (0.52 per basic share) o Sold all the investment in Lightstream USD Notes in December and…
ATTRACTIVE INVESTMENT OPPORTUNITY Petrobank trades at our year-end 2013 working capital value with no value given to our heavy oil assets or technology upside Value Working capital surplus December 31, 2013 51 million Shares…
PETROBANKS LONG TERM VALUE PROPOSITION An investment in Petrobank today exposes shareholders to unrealized value in our: Strong balance sheet Reserves and contingent resources THAI upside and evolving technologies Technical team…
CONTACT Petrobank Energy and Resources Ltd. 1100, 332 6th Avenue SW Calgary, AB, T2P 0B2 403.750.4400 WWW.PETROBANK.COM TSX: PBG
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