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Operational Update – Petronova Inc.

Petronova Inc. · Mar 3, 2015 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Operational Update – Petronova Inc. – slide 1
    Operational Update March 2015 0
  2. Operational Update – Petronova Inc. – slide 2
    Company Highlights Producing 260 bbls/d to PNA W.I. from two discoveries in the Llanos Basin1,2 2P reserves of 2.9 mmbbls1,3 (under revision Cagun Putumayo Basin to incorporate recent drilling results) Tinigua Block Best estimate…
  3. Operational Update – Petronova Inc. – slide 3
    Llanos Basin: CPO-7 & CPO-13 Total 1,094,689 gross acres Operator: Tecpecol; PNA 20% W.I. ANH contracts, X factors: CPO-7: 47% CPO-13: 32% 3
  4. Operational Update – Petronova Inc. – slide 4
    CPO-13 & CPO-7 Blocks Located in one of the most prolific areas in the Llanos Basin Caracara PNA holds a 20% W.I. in both the 0 15 30 45 km 40 MMbbl 2P Reserves1; 18.4 Mbbl/d as at 20132 CPO-13 and CPO-7 Blocks Source: 1 CEPSA,…
  5. Operational Update – Petronova Inc. – slide 5
    CPO-13: Two Discoveries, Extraordinary Potential Pendare Discovery and Trend Carbonera Basal Sands Paleozoic Isochrone Map Pendare accumulation appears to be larger than currently mapped and span from Cao Sur to south of CPO- 13…
  6. Operational Update – Petronova Inc. – slide 6
    CPO-13 Block In the Heart of the Heavy Oil Belt Pendare Discovery Pendare W.I. Production (bbls/d)1 Producing 80 bbls/d net to PNAs W.I. from two wells as at January 20151 Pendare-6 appraisal well confirms extension of the…
  7. Operational Update – Petronova Inc. – slide 7
    CPO-13 Block In the Heart of the Heavy Oil Belt 1240000 1260000 1280000 940000 940000 El Tigre Area Recently completed two well drilling J M campaign: Tillava Este-1 and Tillava Sur-1 QUIFA Tillava Este-1 electrical logs…
  8. Operational Update – Petronova Inc. – slide 8
    CPO-7: Atarraya Discovery CPO-7 Highlights PetroNova holds a 20% W.I. (Operator: Tecpetrol) Atarraya Best estimate prospective resources of 11.6 Discovery mmbbl to PNAs W.I.2 Atarraya Discovery Producing 180 bbls/d 23 API to…
  9. Operational Update – Petronova Inc. – slide 9
    CPO-07: Next Steps A Complete 3D seismic interpretation of the Atarraya E discovery Ocelote Field Complete 2D seismic Caracara Atarraya interpretation on the rest of the Field Field Block 9 Identify step out opportunities to…
  10. Operational Update – Petronova Inc. – slide 10
    Cagun-Putumayo Basin: Tinigua 105,471 gross acres Operator: PetroNova, 40% W.I. ANH contract (no X factor) 63 mmbl net prospective resources 10
  11. Operational Update – Petronova Inc. – slide 11
    Tinigua Block LLANOS BASIN Transition Zone (Mirador & Upper Cretaceous) MMBO BOPD API () A Cupiagua 700 24,863 42-46 A B Cusiana 700 8,267 43-44 C Apiay 445 13,596 9-17;24.6 B D Chichimene 77 43,477 9-11; 17-24.2 E Castilla 321 111,550…
  12. Operational Update – Petronova Inc. – slide 12
    Tinigua Block Tinigua Caimo Operated by PetroNova (40% W.I.) Prospect Lead 105,471 gross acres, no X factor % Tinigua prospect identified after reprocessing and interpreting the 294 km 2D Uribe 1970- 1971 survey tied to Uribe-1…
  13. Operational Update – Petronova Inc. – slide 13
    Tinigua: Operational Update & Next Steps 109 km2 of 3D seismic completed in May 2012; preliminary well location selected Obtained environmental license to drill up to 20 exploratory wells from 5 different locations Socialization…
  14. Operational Update – Petronova Inc. – slide 14
    Cagun-Putumayo Basin: PUT-2 96,666 gross acres Operator: PetroNova, 75% W.I. ANH contract (1% X factor) 42 mmbl net prospective resources 14
  15. Operational Update – Petronova Inc. – slide 15
    PUT-2 Block Operated by PetroNova (75% W.I.) 96,666 gross acres, X factor: 1% Putumayo is the northern extension of Oriente Basin and one of Colombias most prolific basins; neighbors include Gran Tierra, Amerisur, Vetra, Pacific…
  16. Operational Update – Petronova Inc. – slide 16
    PUT-2 Prospects Time Structural Map PNA WI Unrisked Prospective Resources Upper U Sand Villeta Formation Prospect (mmbbl) LOW BEST HIGH CANELO NORTE-1 0.56 1.97 5.37 Canelo Norte CANELO SUR-1 1.55 4.82 11.26 Canelo Sur-2…
  17. Operational Update – Petronova Inc. – slide 17
    PUT-2: Operational Update & Next Steps Canelo Sur-2 prospect was drilled to TD of 9,970 ft. targeting the Villeta formation o mud log data indicated 45 ft. of lower U sand with fair-quality oil shows o logs interpreted sand as…
  18. Operational Update – Petronova Inc. – slide 18
    Financial Highlights Current Assets (as of September 30, 2014)1: 16.8 mm Financial Debt (as of September 30, 2014): 2.3 mm Selected figures as of September 30, 2014: Cash and cash equivalents 10.6 mm Working Capital 7.6 mm…
  19. Operational Update – Petronova Inc. – slide 19
    Capitalization PNAs shares began trading on the TSX Venture Exchange on December 21, 2010 20.0 mm funded by insiders and business associates in 2009 10.0 mm through private placement in June 2010 65.4 mm through an IPO in December…
  20. Operational Update – Petronova Inc. – slide 20
    Social Responsibility SOCIAL INVESTMENT GUIDELINES Concerted process (community, authorities Local & company) Authorities Community Local communities need to be educated Projects have to improve local conditions and generate value…
  21. Operational Update – Petronova Inc. – slide 21
    Disciplined Path Towards Growth Outlook Complete 2D seismic interpretation in CPO-7 Complete 3D seismic interpretation in Atarraya & Pendare Continue extended tests in CPO-7 & CPO-13 Drill in the Tinigua Block during second half of…
  22. Operational Update – Petronova Inc. – slide 22
    The Opportunity Extensive and diversified exploration portfolio covering more than 1.29 million acres Blocks with significant growth potential located on trend with major oil fields and new discoveries 24 prospects and 16 leads…
  23. Operational Update – Petronova Inc. – slide 23
    Management, Directors & Corporate Information Management Team Board of Directors Corporate Information Antonio J. Vincentelli, Judy Stripling Ernst & Young LLP President & CEO Former CFO Pace Oil & Gas Ltd. Auditors Former President,…
  24. Operational Update – Petronova Inc. – slide 24
    PetroNova Colombia Calle 99 N 9 - 45, Piso 6 Bogot D.C. Colombia Tel: +57 1 642 8677 Fax: +57 1 642 0639 Investor Relations: Equicom 403-218-2887 Abby Garfunkel agarfunkeltmxequicom.com www.petronova.com 24

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